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Bulletin Issue 52 (August 1992) - Contents

Feature

· Catch-up, Convergence and Productivity in Post-war Europe

· ESF Summer Symposium in Economic Theory

· ESF Non-Linear Dynamics Study Centre

Lunchtime Meetings

The following lunchtime meetings were discussed in this issue:

· German Unification - The Morning After

· Regionalism and European Integration

· EMU and Fiscal Convergence - Does Maastricht make sense?

· Eastern Europe - Time for New Policies

· European Research Workshop in International Trade

· European Monetary Union - The Maastricht Straitjacket?

· Central and Eastern Europe - The Policies of Reform

· ESF Network in Financial Markets Summer Symposium

CEPR Publications

The following CEPR Publications can be ordered:

· Establishing a Central Bank: Issues in Europe and Lessons from the US edited by Matthew B Canzoneri, Vittorio Grilli and Paul R Masson

Discussion Papers

The following Discussion Papers were discussed in this issue:

· Inflation Convergence During the Transition to EMU by Paul De Grauwe

· Creation of A Free Trade Area. Czechoslovakia - Hungary - Poland: Consequences for the Polish Economy by Marian Guzek, Józef Biskup and Elzbieta Kawecka-Wyrzykowska

· Real Exchange Rates Within and Between Currency Areas: How Far Away is EMU? by Jürgen von Hagen and Manfred J M Neumann

· Bretton Woods and its Precursors: Rules versus Discretion in the History of International Monetary Regimes by Alberto Giovannini

· Saving, Growth and Liquidity Constraints by Tullio Jappelli and Marco Pagano

· Measuring the Aggregate Price Level: Implications for Economic Performance and Policy by Robert J Gordon

· Market Concentration and Competition in Eastern Europe by David M G Newbery and Paul Kattuman

· Organizational Prospects, Influence Costs, and Ownership Changes by Margaret A Meyer, Paul Milgrom and John Roberts

· Conceptual and Political Economy Issues in Liberalizing International Transactions in Services by Bernard Hoekman

· Growth in Open Economies by Sérgio Rebelo

· Should We Worry About the Fiscal Numerology of Maastricht? by Willem H Buiter

· Global Production Effects of European Integration by Jan I Haaland and Victor D Norman

· The High Unemployment Trap by Gilles Saint-Paul

· Demand and Supply Factors in the Determination of NIE Exports: A Simultaneous Error-Correction Model for Hong Kong Exports by Vito A Muscatelli, T G Srinivasan and David Vines

· `1992': Trade and Welfare; A General Equilibrium Model by Michael Gasiorek, Alasdair Smith and Anthony J Venables

· Tying, Risk-Sharing, and `Lock-In': An Investigation of Countertrade Contracts by Dalia Marin

· Finance and Development: The Case of Southern Italy by Riccardo Faini, Giampaolo Galli and Curzio Giannini

· Pharmaceuticals - Who's Afraid of `1992'? by Gernot Klepper

· Foreign Trade in Eastern Europe's Transition: Early Results by Dani Rodrik

· The Integration of Financial Services and Economic Welfare after `1992' by Cillian Ryan

· European Trade and Welfare after `1992' by L Alan Winters

· Integration, Trade Policy and European Footwear Trade by L Alan Winters

· Government Solvency, Ponzi Finance and the Redundancy and Usefulness of Public Debt by Willem H Buiter and Kenneth M Kletzer

· Stylized Facts of Business Cycles in the G7 from a Real Business Cycles Perspective by Riccardo Fiorito and Tryphon Kollintzas

· Tax Smoothing Discretion Versus Balanced Budget Rules in the Presence of Politically Motivated Fiscal Deficits: The Design of Optimal Fiscal Rules for Europe after 1992 by Giancarlo Corsetti and Nouriel R

· A New Approach to Evaluating Trade Policy by James E Anderson and J Peter Neary

· Evaluating the Minimum Asset Tax on Corporations: An Option Pricing Approach by Antonio Estache and Sweder van Wijnbergen

· Bargaining with a Composite Player: An Application to the Uruguay Round of GATT Negotiations by Giorgio Basevi, Flavio Delbono and Marco Mariotti

· Some Lessons from Economic Transformation in East Germany by Peter Bofinger and Ivan Cernohorsky

· Foreign Direct Investment and Trade Interlinkages in the 1990s: Experience and Prospects of Developing Countries by Louka T Katseli

· Risk-Taking, Global Diversification, and Growth by Maurice Obstfeld

· Are the Unemployed Unemployable? by Gilles Saint-Paul

· A Model of Labour Demand with Linear Adjustment Costs by Samuel Bentolila and Gilles Saint-Paul

· Tests of the `Convergence Hypothesis': A Critical Note by Daniel Cohen

· The Debt Crisis: A Post Mortem by Daniel Cohen

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