Bulletin Issue 43

Bulletin Issue 43 (February 1991) - Contents

In This Issue

· Highlights of this issue

· Economic Policy, Credibility and Politics by Torsten Persson and Guido Tabellini

· Open Economy Macroeconomics - Fiscal Coordination

The following workshops were discussed in this issue:

· Economic Reform - Regime Changes

· Public Enterprises and Mixed Oligopolies

· Eastern Europe - Economic Transformation

CEPR Publications

The following CEPR Publications are available to order:

· Public Debt Management: Theory and History edited by Rudiger Dornbusch and Mario Draghi

Discussion Papers

The following Discussion Papers were discussed in this issue:

· Did Joseph Arch Raise Agricultural Wages? Rural Trade Unions and the Labour Market in Late-Nineteenth Century England by George R Boyer and Timothy J Hatton

· Exchange Rate Dynamics and Currency Unification: The Ostmark-DM Rate by Michael C Burda and Stefan Gerlach

· Pricing and Product Market Structure in Open Economies: An Empirical Test by George S Alogoskoufis, Christopher Martin and Nikitas Pittis

· Innovation and Export Volumes and Prices: A Disaggregated Study by Christine Greenhalgh, Paul Taylor and Rob Wilson

· Monetary Union and Fiscal Policy Discipline by Charles Wyplosz

· Government Revenue from Financial Repression by Alberto Giovannini and Martha de Melo

· On Public Debt Stabilizations in an Interdependent World by George S Alogoskoufis

· Channels of International Policy Transmission by Frederick van der Ploeg

· Budgetary Aspects of Economic and Monetary Integration in Europe by Frederick van der Ploeg

· The Simplest Test of Target Zone Credibility by Lars E O Svensson

· The Foreign Exchange Risk Premium in a Target Zone with Devaluation Risk by Lars E O Svensson

· The Term Structure of Interest Rate Differentials in a Target Zone: Theory and Swedish Data by Lars E O Svensson

· On Budgetary Policies and Economic Growth by George S Alogoskoufis and Frederick van der Ploeg

· Banks, Finance and Investment in West Germany since 1970 by Jeremy S S Edwards and Klaus Fischer

· The Structure of Services in Europe: A Conceptual Framework by André Sapir

· The Fallacy of Composition Argument: Does Demand Matter for LDC Manufactured Exports? by Riccardo Faini, Fernando Clavijo and Abdel Senhadji-Semlali

· The Transition to Convertibility in Eastern Europe and the USSR by Richard Portes

· The Politics of 1992: Fiscal Policy and European Integration by Torsten Persson and Guido Tabellini

· The European Monetary System: Achievements and Survival by Andrew J Hughes Hallett, Patrick Minford and Anupam Rastogi

· Monetary Accommodation, Exchange Rate Regimes and Inflation Persistence by George S Alogoskoufis

· Sustainable Intervention Policies and Exchange Rate Dynamics by Giuseppe Bertola and Ricardo J Caballero

· Macroeconomic Policy, External Targets and Constraints: The Case of Spain by Juan J Dolado and José Viñals

· A Monopoly Union Model of Wage Determination with Taxes and Endogenous Capital Stock: An Empirical Application to the Finnish Manufacturing Industry by Pasi Holm, Seppo Honkapohja and Erkki Koskela

· Currency Substitution and Vehicle Currencies: Tests of Alternative Hypotheses for the Dollar, DM and Yen by Steve H Thomas and Michael R Wickens

· The Quality of Production of Textiles and Clothing and the Completion of the Internal Market by Riccardo Faini and Alberto Heimler

· Monetary Policy in France by Jacques Mélitz

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