Bulletin Issue 47

Bulletin Issue 47/48 (October/December 1991) - Contents

Feature

· Monitoring European Integration: The Making of Monetary Union

Conferences

The following conferences were discussed in this issue:

· European Monetary Union - Managing the Transition

· Labour Economics - Unemployment and Wages

Workshops

The following workshops were discussed in this issue:

· Target Zones - A New Generation

· Migration - Entry to the Community

· European Integration - German Unification

· Eastern Europe - Trade Restructuring

Lunchtime Meetings

The following lunchtime meetings were discussed in this issue:

· Eastern Europe - Financial Reform

· European Integration - Trade and Money

· Should the West Lend to the East? - Lessons from Developing Countries

· Macroeconomic Policy Constraints - Greece and the UK

· Macroeconomic Performance - Why Politics Matters

· Exchange Rate Management - Target Zones and the EMS

· Corporate Finance - UK 'Short-termism' Refuted

· Eastern Europe - Reform in Czechoslovakia

· European Monetary Union - After Maastricht

· European Integration - A Deeper, Wider Union?

CEPR Publications

The following CEPR Publications can be ordered:

· Monitoring European Integration: The Making of Monetary Union

· The Road to EMU: Managing the Transition to a Single Currency

· Fiscal Policies in Open Macro Economies

· Exchange Rate Targets and Currency Bands edited by Paul Krugman and Marcus Miller

· External Constraints on Macroeconomic Policy: The European Experience edited by George Alogoskoufis, Lucas Papademos and Richard Portes

· Economic Policy 13

· European Integration: Trade and Industry edited by L Alan Winters and Anthony Venables

· European Financial Integration edited by Alberto Giovannini and Colin Mayer

Discussion Papers

The following Discussion Papers were discussed in this issue:

· Corporate Finance in the Euromarkets and the Economics of Intermediation by E P Davis and Colin P Mayer

· Stock Markets and Corporate Performance: A Comparison of Quoted and Unquoted Firms by Colin P Mayer and Ian Alexander

· Why is Italy's Savings Rate So High? by Luigi Guiso, Tullio Jappelli and Daniele Terlizzese

· German Trade Unions After Unification: Third Degree Wage Discriminating Monopolists? by Michael C Burda and Michael Funke

· Market Integration, Competition and Welfare by Jan I Haaland and Ian Wooton

· Sequencing the Transition by David M G Newbery

· Factor Shares and Savings In Endogenous Growth by Giuseppe Bertola

· Growth and Unemployment by Philippe Aghion and Peter Howitt

· On the Virtue of Bad Times: An Analysis of the Interaction between Economic Fluctuations and Productivity Growth by Philippe Aghion and Gilles Saint-Paul

· Information Sharing in Credit Markets by Marco Pagano and Tullio Jappelli

· Assessing Target Zone Credibility: Mean Reversion and Devaluation Expectations in the EMS by Lars E O Svensson

· Is Inequality Harmful for Growth? Theory and Evidence by Torsten Persson and Guido Tabellini

· External Debt and Political Instability by Sule Özler and Guido Tabellini

· Financing Budget Deficits by Seigniorage and Implicit Taxation: The Cases of Spain and Portugal by Rafael Repullo

· German Unification: Economic Problems and Consequences by Manfred J M Neumann

· Designing a Central Bank for Europe: A Cautionary Tale from the Early Years of the Federal Reserve System by Barry Eichengreen

· Exchange Rate Policies for the EFTA Countries in the 1990s by William H Branson

· Tax Rates, Progressivity and de facto Fiscal Indexation in Ten European Countries by Fiorella Padoa Schioppa Kostoris

· A Cross-Country Analysis of the Tax-Push Hypothesis by Fiorella Padoa Schioppa Kostoris

· The Interwar Economy in a European Mirror by Barry Eichengreen

· The Currency Reform as the Last Stage of Economic and Monetary Union: Some Policy Questions by Alberto Giovannini

· On the Many Kinds of Growth by Zvi Eckstein, Costas Foulides and Tryphon Kollintzas

· Rational Frenzies and Crashes by Jeremy Bulow and Paul Klemperer

· Halting Inflation in Italy and France After World War II by Alessandra Casella and Barry Eichengreen

· Voting on the Adoption of a Common Currency by Alessandra Casella

· The Macroeconomic Impact of Flexible Labour Contracts: An Application to Spain by Samuel Bentolila and Gilles Saint-Paul

· Inflation Convergence with Realignments in a Two-Speed Europe by Luisa Lambertini, Marcus H Miller and Alan Sutherland

· Is There an `EMS' Effect in European Labour Markets? by Michael J Artis and Paul Ormerod

· Trigger Points and Budget Cuts: Explaining the Effects of Fiscal Austerity by Giuseppe Bertola and Allan Drazen

· Child Care and Mothers' Lifetime Earnings: Some European Contrasts by Heather Joshi and Hugh Davies

· Labour Turnover Costs and Average Labour Demand by Giuseppe Bertola

· The Optimality of Nominal Wage Contracts by Scott Freeman and Guido Tabellini

· Financial Reform in Eastern Europe: Progress With the Wrong Model by Jenny Corbett and Colin P Mayer

· Options for a New Monetary Framework for the Area of the Soviet Union by Peter Bofinger

· A Customs Union with a Continuum of Products by Anthony J Venables