Bulletin Issue 46 (August 1991) - Contents

· Highlights of this issue

· External Constraints on Macroeconomic policies in Europe

· Macroeconomic Linkages - Dynamic Asian Economies

· Economic Transformation of Eastern Europe

· European Research Workshop in International Trade

· Aid to the Soviet Union - The Grand Bargain?

· European Integration - Implications for EFTA

· European Integration - The Role of Foreign Competition

· Eastern Europe - The Next Steps

· Labour Economics - European Unemployment

· External Constraints on Macroeconomic Policy: The European Experience

· European Science Foundation - Network in Financial Markets

· PHARE Papers Published

· The Interaction of Monetary Policy and Wages by Thorvaldur Gylfason and Assar Lindbeck

· Expected and Predicted Realignments: The FF/DM Exchange Rate During the EMS by Andrew K Rose and Lars E O Svensson

· Bargaining for the Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model by Martin Klein

· Stochastic Process Switching and Intervention in Exchange Rate Target Zones: Empirical Evidence from the EMS by Axel A Weber

· Is Europe an Optimum Currency Area? Evidence from Regional Data by Paul De Grauwe and Wim Vanhaverbeke

· Brussels on a Single Money by Jacques Mélitz

· Competition in the British Electricity Spot Market by Richard Green and David M G Newbery

· An Analysis of the Hungarian Tax Reform by David M G Newbery

· The Path of Reform in Central and Eastern Europe: An Introduction by Richard Portes

· Cost Asymmetries in International Subsidy Games: Should Governments Help Winners or Losers? by J Peter Neary

· Do the Benefits of Exchange Rates Outweigh Their Cost? The Franc Zone in Africa by Shantayanan Devarajan and Dani Rodrik

· Unanticipated Inflation and Government Finance: The Case for an Independent Common Central Bank by Frederick van der Ploeg

· The European Central Bank: Reshaping Monetary Politics in Europe by Alberto Alesina and Vittorio Grilli

· Dually-Traded Italian Equities: London vs. Milan by Marco Pagano and Ailsa Röell

· Distributive Politics and Economic Growth by Alberto Alesina and Dani Rodrik

· Financial Intermediation and Monetary Policies in the World Economy by Vittorio Grilli and Nouriel Roubini

· Exchange Rate Risk and Imperfect Capital Mobility in an Optimizing Macromodel by Neil Rankin

· Strategies for the International Protection of the Environment by Carlo Carraro and Domenico Siniscalco

· Financial Innovation and the Neutrality of Money by Michael J Moore