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STATE BANK OF PAKISTAN

Volume No 03 Issue No 06

June, 2012

CURRENT CONTENTS BULLETIN

SBP Library

www.sbp.org.pk

2

CONTENTS

Title of Journals

American Economic Journal : Economic Policy Available Online 03 1.

American Economic Journal: MicroEconomics Available Online 04 2.

AutoMark: The magazine for Pakistan Automotive Sector Print Only 05 3.

Blue Chip Magazine Print Only 06 4.

Cambridge Journal of Economics Available Online 07 5.

Developing Economies Available Online 08 6.

Economic Journal Available Online 09 7.

Economica Available Online 10 8.

Energy Update Available Online 11 9.

Growth & Change Available Online 12 10.

Human Resource Management Available Online 13 11.

Indian Economic Review Print Only 14 12.

International Economic Review Available Online 15 13.

Journal of American Statistical Association Available Online 16 14.

Journal of Business & Economic Statistics Available Online 17 15.

Journal of Financial Regulation & Compliance Single User’s Access 18 16.

Journal of Forecasting Available Online 19 17.

Journal of Money, Credit & Banking Available Online 20 18.

Journal of Royal Statistical Society Series B Available Online 21 19.

Lahore Journal of Economics Print Only 22 20.

Operational Risk & Regulations Print Only 23 21.

Quarterly Journal of Economics Print Only 24 22.

Review of Income & Wealth Available Online 25 23.

24. Scandinavian Journal of Economics Available Online 26

3

Current Contents Bulletin, Vol 3, Issue 06, 2012

American Economic Journal : Economic Policy

Volume 04 Issue No 02 (2012)

Measuring the Output Responses to Fiscal Policy Alan J. Auerbach and Yuriy Gorodnichenko (pp. 1-27)

A Model-Based Evaluation of the Debate on the Size of the Tax Multiplier Ryan Chahrour, Stephanie Schmitt-Grohé and Martín Uribe (pp. 28-45)

Fiscal Policy Multipliers on Subnational Government Spending Jeffrey Clemens and Stephen Miran (pp. 46-68)

Measuring Tax Multipliers: The Narrative Method in Fiscal VARs Carlo Favero and Francesco Giavazzi (pp. 69-94)

Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks James Feyrer and Jay Shambaugh (pp. 95-114)

Quantitative Effects of Fiscal Foresight Eric M. Leeper, Alexander W. Richter and Todd B. Walker (pp. 115-44)

Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated US Tax Policy Shocks Karel Mertens and Morten O. Ravn (pp. 145-81)

Fiscal Imbalances and Borrowing Costs: Evidence from State Investment Losses Robert Novy-Marx and Joshua D. Rauh (pp. 182-213)

The Effects of Tax Shocks on Output: Not So Large, but Not Small Either Roberto Perotti

(pp. 214-37) Back to Top

B

http://web.ebscohost.com/ehost/results?sid=d82c8a56-8a78-4e28-bd42-3e730938cf31%40sessionmgr12&vid=5&hid=8&bquery=JN+%22American+Economic+Journal%3a+Economic+Policy%22+AND+DT+20120501&bdata=JmRiPWVvaCZ0eXBlPTEmc2l0ZT1laG9zdC1saXZl










4


American Economic Journal: Micro Economics


To Review or Not to Review? Limited Strategic Thinking at the Movie Box Office Alexander L. Brown, Colin F. Camerer and Dan Lovall (pp. 1-26)

Ideologues Beat Idealists Sambuddha Ghosh and Vinayak Tripathi (pp. 27-49)

Contracting with Heterogeneous Externalities Shai Bernstein and Eyal Winter (pp. 50-76)

Ignorance Is Bliss: An Experimental Study of the Use of Ambiguity and Vagueness in the Coordi-nation Games with Asymmetric Payoffs Marina Agranov and Andrew Schotter (pp. 77-103)

Contracting in Vague Environments Marie-Louise Vierø (pp. 104-30)

On the Robustness of Anchoring Effects in WTP and WTA Experiments Drew Fudenberg, David K. Levine and Zacharias Maniadis (pp. 131-45)

Contractual and Organizational Structure with Reciprocal Agents Florian Englmaier and Stephen Leider (pp. 146-83)

Incentive Schemes, Sorting, and Behavioral Biases of Employees: Experimental Evidence Ian Larkin and Stephen Leider


B

http://web.ebscohost.com/ehost/results?sid=222e0170-2dae-4824-ba7b-caa91c3947c1%40sessionmgr111&vid=5&hid=107&bquery=JN+%22American+Economic+Journal%3a+Microeconomics%22+AND+DT+20120501&bdata=JmRiPWVvaCZ0eXBlPTEmc2l0ZT1laG9zdC1saXZl









5


AutoMark


Italy to support two-wheeler industry of Pakistan – Corporate Event (pp.13)

Budget 2012-13 and Auto Parts Trade S.M.Naeem (pp.14)

Euro II a non serious issue for Chinese bike assemblers Ali Hassan (pp.15-16)

Budget silent on Auto-sector Owais Khan (pp.17-18)

Budget disappoint business community (pp.19-20)

So who’s behind the Wheel? (pp.21)

Fake and imitation spare parts danger to life S.M.Naeem (pp.27)

Service Manager under Stress (pp.35-36)

101 ways to achieve better fuel mileage Mohammad Shahzad

(pp.42-43) Back to Top

B

6


Blue.Chip


Ahmed Khizer Khan CEO Burj Bank – Islamic Banking has come out shinning in the Global reces-sion Mashal Gauhar (pp.11-15)

An insider’s view on the Arab World Soraiya Qadir (pp.24-25)

Demutatualisation of Stock Exchange – Beginning of a new era for Capital Markets in Pakistan Musarat Jabeen (pp.26-27)

Special Economic Zones – the Chinese Model Sirajuddin Aziz (pp.28-30)

Affliction of Foreign aid Mrs. Hujaj (pp.32)

Protecting Shareholder Value Zeeshan Shah (pp.58-60) Back to Top

7


Cambridge Journal of Economics


Universities as strategic actors in the knowledge economy Enrico Deiaco, Alan Hughes (pp.525-541)

Are universities and university research under threat? Towards an evolutionary model of univer-sity speciation Ben R. Martin (pp.543-565)

Government policy, university strategy and the academic entrepreneur: the case of Queensland’s Smart State Institutes Mark Dodgson (pp.567-585)

Transforming traditional university structures for the knowledge economy through multidiscipli-nary institutes Simon Mosey, Mike Wright (pp.587-607)

Universities, Technology and Innovation Centres and regional development: the case of the North-East of England John Goddard, Douglas Robertson (pp.609-627)

University technology transfer: how (in)efficient are French universities? Claudia Curi, Cinzia Daraio (pp.629-654)

Crossing the Rubicon: exploring the factors that shape academics’ perceptions of the barriers to working with industry Valentina Tartari, Ammon Salter (pp.655-677)

Universities in emerging economies: bridging local industry with international science—evidence from Chile and South Africa Elisa Giuliani


http://cje.oxfordjournals.org/content/current














8


Developing Economies


Vulnerability of microfinance to strategic default and covariate shocks: evidence from Pakistan Takashi kurosaki and hidayat ullah khan (pp. 81–115)

Evaluation of contingent repayments in microfinance: evidence from a natural disaster in Bangla-desh Masahiro Shoji (pp. 116–140)

Informalization of industrial labor in india: effects of labor market rigidities and import competi-tion Bishwanath goldar and Suresh Chand Aggarwal (pp. 141–169)

Participatory rural development in 1930s Japan: the economic rehabilitation movement Yutaka Arimoto

(pp. 170–192) Back to Top

http://onlinelibrary.wiley.com/doi/10.1111/j.1746-1049.2012.00160.x/abstract






9


Economic Journal Volume 122 Issue No 561 (2012)

The Effects of Promotions on Heart Disease: Evidence from Whitehall Michael Anderson and Michael Marmot (pp. 555–589)

Counting Chickens when they Hatch: Timing and the Effects of Aid on Growth Michael A. Clemens, Steven Radelet, Rikhil R. Bhavnani and Samuel Bazzi (pp. 590–617)

Leadership Cycles in a Quality-Ladder Model of Endogenous Growth Vincenzo Denicolò and Piercarlo Zanchettin (pp. 618–650)

Imperfect Information, Real-Time Data and Monetary Policy in the Euro Area Stefano Neri and Tiziano Ropele (pp. 651–674)

Upgrades, Switching Costs and the Leverage Theory of Tying Dennis W. Carlton and Michael Waldman (pp. 675–706)

Birth Rates and Border Crossings: Latin American Migration to the US, Canada, Spain and the UK Gordon H. Hanson and Craig McIntosh (pp. 707–726)

The Effects of Home Computers on Educational Outcomes: Evidence from a Field Experiment with Community College Students Robert W. Fairlie and Rebecca A. London (pp. 727–753)

Productivity and Firm Selection: Quantifying the ‘New’ Gains from Trade Gregory Corcos, Massimo Del Gatto, Giordano Mion and Gianmarco I.P. Ottaviano (pp. 754–798)

Competition, Wages and Teacher Sorting: Lessons Learned from a Voucher Reform Lena Hensvik












10


Economica


Spurious Complexity and Common Standards in Markets for Consumer Goods Alexia Gaudeul and Robert Sugden (pp. 209–225)

Loss Aversion and Learning to Bid Dennis A. V. Dittrich, Werner Güth, Martin G. Kocher (pp. 226–257)

Pre-emptive Corruption, Hold-up and Repeated Interactions Emmanuel Dechenaux and Andrew Samuel (pp. 258–283)

Individual Wellbeing in a Dynamic Perspective Conchita D'Ambrosio and Joachim R. Frick (pp. 284–302)

Multi-product Firms and Product Variety Ramon Caminal and Lluís M. Granero (pp. 303–328)

National Externalities and Path-dependence in Technological Change: An Empirical Test Maria Luisa Mancusi (pp. 329–349)

Interlinked Contracts: An Empirical Study Hui-wen Koo, Chen-ying Huang and Kamhon Kan (pp. 350–377)

Large Datasets, Factor-augmented and Factor-only Vector Autoregressive Models, and the Eco-nomic Consequences of Mrs Thatcher HYEYOEN KIM and MARK P. TAYLOR











11


Energy Update


s

Fears of Floods again (pp.8-9)

Air pollution growing dangerously (pp.10)

For a greener way out (pp.11)

Gas crisis hits economy (pp.12)

Indian entry revives TAPI (pp.16-19)

RPP’s fiasco (pp.20-21)

Shale gas & risks (pp.32-33)

Coal Energy – a bailout package


12


Growth & Change

Volume 43 Issue 02 (2012)

Productive Efficiency and Territorial Externalities in Small and Medium-Sized Industrial Firms: A Dynamic Analysis of the District Effect Francesc Hernandez-Sancho, Vicent Soler-Marco, Ramón Sala-Garrido (pp. 179–197)

Shaping the Rural–Urban Symbiosis: Density, Dispersal, Remoteness, and Town Size in South-East Australia Trevor L. C. Griffin, Peter J. Smailes and Neil M. Argent (pp. 198–227)

Poverty, Innovation Capacity, and State Economic Development in the Knowledge Economy: Evi-dence from the U.S. Jeremy L. Hall and Michael E. Howell-Moroney (pp. 228–251)

Regional Convergence in Mexico, 1970–2005: A Panel Data Approach Kaoko Sakikawa (pp. 252–272)

“Debrucing” the Link between Tax and Expenditure Limits and Special District Governments Stephen B. Billings and Deborah A. Carroll (pp. 273–303)

Town versus Gown: The Effect of a College on Housing Prices and the Tax Base Donald Vandegrift, Amanda Lockshiss and Michael Lahr (pp. 304–334)

Resource Flows and the Decomposition of Regional Inequality in the Beijing–Tianjin–Hebei Met-ropolitan Region, 1990–2004 Yuheng Li













13


Human Resource Management


A comparison of adverse impact levels based on top-down, multisource, and assessment center data: Promoting diversity and reducing legal challenges H. John Bernardin, Robert Konopaske and Christine M. Hagan (pp. 313–341)

Screening-oriented recruitment messages: Antecedents and relationships with applicant pool quality Brian R. Dineen and Ian O. Williamson (pp. 343–360)

How to identify leadership potential: Development and testing of a consensus model Nicky Dries and Roland Pepermans (pp. 361–385)

Linking HRM and knowledge transfer via individual-level mechanisms

Dana B. Minbaeva, Kristiina M kel and Larissa Rabbiosi (pp. 387–405)

Explaining organizational responsiveness to work-life balance issues: The role of business strat-egy and high-performance work systems Jing Wang and Anil Verma (pp. 407–432)

The role of leadership in successful international mergers and acquisitions: Why Renault-Nissan succeeded and DaimlerChrysler-Mitsubishi failed Carol Gill


http://onlinelibrary.wiley.com/doi/10.1002/hrm.21472/abstract










14


Indian Economic Review


Estimation of Technical Inefficiency in Production Frontier Models Using Cross-Sectional Data Subal C. Kumbhakar, Hung-Jen Wang (pp.7-77)

Data Envelopment Analysis for Performance Evaluation: A Child’s Guide Subhash C. Ray, Lei Chen (pp. 79-124)

Dynamic Efficiency Measurement Finn R. Forsund (pp.125-159)

Efficiency Measures for Industrial Organization Thijs ten Raa (pp. 161-192)

Distance Functions and Efficiency Measurement Jesus T. Pastor, Juan Aparicio


15


International Economic Review


Optimal migration: a world perspective Jess Benhabib and Boyan Jovanovic (pp. 321–348)

The effectiveness of private benefits in fundraising of local charities Holger Sieg and Jipeng Zhang (pp. 349–374)

Learning and the great moderation James Bullard and Aarti Singh (pp. 375–397)

Business cycles in the equilibrium model of labor market search and self-insurance Makoto Nakajima (pp. 399–432)

Repeated moral hazard and contracts with memory: the case of risk-neutrality Susanne Ohlendorf and Patrick W. Schmitz (pp. 433–452)

Estimating the impact of immigrants on the host country social security system when return mi-gration is an endogenous choice Murat G. Kirdar









16


Journal American Statistical Association


Nonparametric Covariate-Adjusted Association Tests Based on the Generalized Kendall's Tau Wensheng Zhu, Yuan Jiang & Heping Zhang (pp. 1-11)

Intrinsic Regression Models for Medial Representation of Subcortical Structures Xiaoyan Shi, Hongtu Zhu, Joseph G. Ibrahim, Faming Liang, Jeffrey Lieberman & Martin Styner (pp. 12-23)

Modeling Waves of Extreme Temperature: The Changing Tails of Four Cities Debbie J. Dupuis (pp. 24-39)

Adjustment for Missing Confounders Using External Validation Data and Propensity Scores Lawrence C. McCandless, Sylvia Richardson & Nicky Best (pp. 40-51)

Partially Hidden Markov Model for Time-Varying Principal Stratification in HIV Prevention Trials James Y. Dai, Peter B. Gilbert & Benoît R. Mâsse (pp. 52-65)

Using Conditional Kernel Density Estimation for Wind Power Density Forecasting Jooyoung Jeon & James W. Taylor (pp. 66-79)

Bayesian Inference for Dynamic Treatment Regimes: Mobility, Equity, and Efficiency in Student Tracking Tristan Zajonc (pp. 80-92 )

Bayesian Estimation and Prediction for Inhomogeneous Spatiotemporal Log-Gaussian Cox Proc-esses Using Low-Rank Models, With Application to Criminal Surveillance Alexandre Rodrigues & Peter J. Diggle (pp. 93-101)

MRI Tissue Classification Using High-Resolution Bayesian Hidden Markov Normal Mixture Models Dai Feng, Luke Tierney & Vincent Magnotta


http://www.tandfonline.com/doi/abs/10.1080/01621459.2011.643707










http://www.tandfonline.com/doi/abs/10.1198/jasa.2011.ap09529

17


Journal of Business & Economics Statistics


Price Transmission in the EU Wholesale Petroleum Markets Szymon Wlazlowski, Monica Giulietti, Jane Binner (pp. 165-172)

A State Space Approach to Extracting the Signal From Uncertain Data Alastair Cunningham, Jana Eklund, Chris Jeffery, George Kapetanios & Vincent Labhard (pp. 173-180)

VAR Estimation and Forecasting When Data Are Subject to Revision N. Kundan Kishor & Evan F. Koenig (pp. 181-190)

Measurement Error in Earnings Data: Using a Mixture Model Approach to Combine Survey and Register Data Erik Meijer, Susann Rohwedder & Tom Wansbeek (pp. 191-201)

A Balanced System of U.S. Industry Accounts and Distribution of the Aggregate Statistical Dis-crepancy by Industry Baoline Chen (pp. 202-211)

Dynamic Equicorrelation Robert Engle & Bryan Kelly (pp. 212-228)

Regime-Specific Predictability in Predictive Regressions Jesús Gonzalo & Jean-Yves Pitarakis (pp. 229-241)

Identifying Jumps in Financial Assets: A Comparison Between Nonparametric Jump Tests Ana-Maria Dumitru & Giovanni Urga (pp. 242-255)

Unit Root Testing in Heteroscedastic Panels Using the Cauchy Estimator Matei Demetrescu & Christoph Hanck


http://amstat.tandfonline.com/toc/ubes20/30/2











18


Journal of Financial Regulation & Compliance


The insufficiency of traditional safety nets: what bank resolution fund for Europe? Maria J. Nieto, Gillian G. Garcia (pp. 116 - 146)

Towards a practical approach to responsible innovation in finance: New Product Committees re-visited Margaret Armstrong, Guillaume Cornut, Stéphane Delacôte, Marc Lenglet, Yuval Millo, Fabian Mu-niesa, Alexandre Pointier, Yamina Tadjeddine (pp. 147 - 168)

The effects of corporate governance on performance and financial distress: The experience of UAE national banks Hussein A. Hassan Al-Tamimi (pp. 169 - 181)

Liquidity risk and performance of banking system Ahmed Arif, Ahmed Nauman Anees (pp. 182 - 195)

Effective delays in portfolio disclosure Seung Hee Choi, Maneesh Chhabria (pp. 196 - 211)

Central clearing for credit default swaps: A legal analysis of the new central clearing regulations in Europe and the US Stan Cerulus

(pp. 212 - 244) Back to Top

19


Journal of Forecasting


Adaptive modelling and forecasting of offshore wind power fluctuations with Markov-switching autoregressive models Pierre Pinson and Henrik Madsen (pp. 281–313)

Forecasting Hourly Peak Call Volume for a Rural Electric Cooperative Call Center Taeyoon Kim, Phil Kenkel and B. Wade Brorsen (pp. 314–329)

Daily FX Volatility Forecasts: Can the GARCH(1,1) Model be Beaten using High-Frequency Data? David G. Mcmillan and Alan E. H. Speight (pp. 330–343)

The Effect of Estimating Parameters on Long-Term Forecasts for Cointegrated Systems Hiroaki Chigira and Taku Yamamoto (pp. 344–360)

Forecast Combination and Bayesian Model Averaging: A Prior Sensitivity Analysis Martin Feldkircher


http://onlinelibrary.wiley.com/doi/10.1002/for.1194/abstract






20


Journal of Money, Credit & Banking


Strategic Complementarity, Stabilization Policy, and the Optimal Degree of Publicity Jonathan g. James and phillip lawler (pp. 551–572)

Monetary Policy, Bank Lending, and the Risk-Pricing Channel Ruby p. Kishan and timothy p. Opiela (pp. 573–602)

The Role of Financial Market Structure and the Trade Elasticity for Monetary Policy in Open Economies Katrin rabitsch (pp. 603–629)

The Role of Lending Banks in Forced CEO Turnovers Sadi ozelge and anthony saunders (pp. 631–659)

Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition W. Scott Frame, Diana Hancock and Wayne Passmore (pp. 661–684)

Too Dispersed to Monitor? Ownership Dispersion, Monitoring, and the Prediction of Bank Dis-tress Tristan Auvray and Olivier Brossard (pp. 685–714)

Are Some Forecasters Really Better Than Others? Antonello D’agostino, Kieran Mcquinn and Karl Whelan (pp. 715–732)

Irving Fisher and Price-Level Targeting in Austria: Was Silver the Answer? Richard C.K. Burdekin, Kris James Mitchener and Marc D. Weidenmier












21


Journal of Royal Statistical Society Series B


Catching up faster by switching sooner: a predictive approach to adaptive estimation with an application to the AIC–BIC dilemma Tim van Erven, Peter Grünwald and Steven de Rooij (pp. 361–417)

Constructing summary statistics for approximate Bayesian computation: semi-automatic ap-proximate Bayesian computation Paul Fearnhead and Dennis Prangle (pp. 419–474)

Learning out of leaders Mathilde Mougeot, Dominique Picard and Karine Tribouley (pp. 475–513)

Adjusted Bayesian inference for selected parameters Daniel Yekutieli (pp. 515–541)

Likelihood-based procedures for threshold diagnostics and uncertainty in extreme value model-ling J. L. Wadsworth and J. A. Tawn (pp. 543–567)

The phylogenetic Kantorovich–Rubinstein metric for environmental sequence samples Steven N. Evans and Frederick A. Matsen (pp. 569–592)

High dimensional variable selection via tilting Haeran Cho and Piotr Fryzlewicz












22


Lahore Journal of Economics


A Decomposition Analysis of Capital Structure: Evidence from Pakistan’s Manufacturing Sector Attiya Yasmin Javid & Qaisar Imad (pp.1-32)

Consequences of Easy Credit Policy High Gearing and Firms’ Profitability in Pakistan’s Textile Sec-tor: A panel Data analysis Ijaz Hussain (pp.33-44)

Human Capital Convergence: Evidence from the Punjab Uzma Afzal (pp.45-62)

Does Access to Modern Marketing Channels improve Dairy Enterprises Efficiency? A case study of Punjab, Pakistan Sana Sadaf and Khalid Riaz (pp.63-82)

The impact of Gypsum Application on Groundnut Yield in Rainfed Pothwar: An Economic per-spective Hassnain Shah, Muhammad Azeem (pp.83-100)

The Determinants of Food prices in Pakistan Henna Ahsan


23


Operational Risk & Regulations


Why we quantify? Steve Wilson (pp.14-17)

Sound steps towards risk management (pp.18-19)

How to fly Nick Kochan (pp.20-23)

Common Sense: Legal Risk Jenet Terblanche (pp.24-26)

Sector faces compounded compliance costs


24


Quarterly Journal of Economics


Urbanization and Structural Transformation Guy Michaels, Ferdinand Rauch (pp.535-586)

Portage and Path Dependence Hoyt Bleakley and Jeffrey Lin (pp.587-644)

Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance Xavier Gabaix (pp.645-700)

The Effects of Extended Unemployment Insurance Over the Business Cycle: Evidence from Re-gression Discontinuity Estimates Over 20 Years Johannes F. Schmieder, Till von Wachter (pp.701-752)

Do Labor Market Opportunities Affect Young Women's Work and Family Decisions? Experimental Evidence from India Robert Jensen (pp.753-792)

The CMS Auction: Experimental Studies of a Median-Bid Procurement Auction with Nonbinding Bids Brian Merlob, Charles R. Plott (pp.793-827)

How large is the Government Spending Multiplier? Evidence from World Bank Lending Aart Kraay (pp.829-887)

A General Equilibrium Model of Sovereign Default and Business Cycles Enrique G. Mendoza and


25


Review of Income & Wealth


Trends in American Living Standards And Inequality, 1959–2007 Edward N. Wolff, Ajit Zacharias And Thomas Masterson (pp. 197–232)

Assessing The Welfare Impact Of Tax Reform: A Case Study Of The 2001 U.S. Tax Cut Julie L. Hotchkiss, Robert E. Moore And Fernando Rios-Avila (pp. 233–256)

Output, Outcome, And Quality Adjustment In Measuring Health And Education Services Paul Schreyer (pp. 257–278)

Liquidity Constraints, Household Wealth, And Entrepreneurship Revisited Robert W. Fairlie And Harry A. Krashinsky (pp. 279–306)

Gender And Work Compensation In China's Industrial Sector Johanna Rickne







26


Scandinavian Journal of Economics


Risk Aversion and Trade-Union Membership Laszlo Goerke and Markus Pannenberg (pp. 275–295)

Risky Sex in a Risky World: Sexual Behavior in an HIV/AIDS Environment Andréa Mannberg (pp. 296–322)

Inadequate Bivariate Measures of Health Inequality: The Impact of Income Distribution Kjell Arne Brekke and Snorre Kverndokk (pp. 323–333)

Pollution, Private Investment in Healthcare, and Environmental Policy Xavier Pautrel (pp. 334–357)

Externality-Correcting Taxes and Regulation Vidar Christiansen and Stephen Smith (pp. 358–383)

Optimal Provision of Public Goods: A Synthesis Claus Thustrup Kreiner and Nicolaj Verdelin (pp. 384–408)

Globalization, Tax Distortions, and Public-Sector Retrenchment Torben M. Andersen and Allan Sørensen (pp. 409–439)

Fiscal Policy in Real Time Jacopo Cimadomo (pp. 440–465)

Monetary Union and Pegging in the Presence of Labor Unions Attila Korpos











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