· Highlights of this issue

· Global Crowding Out: US Interest Rates and the US Deficit - Sweder van Wijnbergen

The following workshop was discussed in this issue:

· CEPR/RIIA International labour Migration

The following lunchtime meetings were discussed in this issue:

· Later Baby - Equal Pay for Women

· Unemployment: Real Wages too High?

· Tax reform - The Treasury Proposals

· Wage Rigidity - Does it Explain Unemployment

· CEPR Launches book - International Economic Policy Coordination

· EMS - Is the Honeymoon Over?

The following CEPR Books can be ordered:

· International Economic Policy Coordination

· Economic Policy (Journal)

The following Discussion Papers were discussed in this issue:

· Wealth and Portfolio Composition: Theory and Evidence by Mervyn King and Jonathon I Leape

· Economic Implications of Demographic Change by John F Ermisch

· Macroeconomic Aspects of the Effectiveness of Foreign Aid: On the Two-Gap Model, Home Goods Disequilibrium and Real Exchange Rate Misalignment by Sweder van Wijnbergen

· Net Energy Expenditure and Energy Demand in the UK by Richard Westoby and David Pearce

· The Economics of Old Age in Britain: A Long-Run View, 1881-1981 by Paul Johnson

· Unemployment, Health and Welfare During the Depression by Charles Webster

· Subsidisation vs Information Provision as Instruments of Technology Policy by Paul A David and Paul Stoneman

· Inequality, Malnutrition and Unemployment by Partha Dasgupta and Debray Ray

· From Survey to Sample: Labor Market Data for Interwar London by Barry Eichengreen and Susan Freiwald

· On Two Aspects of Post-War Irish Emigration by Cormac O'Gráda

· Exchange Rates, Risk Premia and New Information: A Note by Charles R Bean