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European Economic Review

1969 - 2025

Current editor(s): T.S. Eicher, A. Imrohoroglu, E. Leeper, J. Oechssler and M. Pesendorfer

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Volume 41, issue 9, 1997

The 1997 Yrjo Jahnsson award in economics pp. i-ii Downloads
Agnar Sandmo
Privatization and efficiency in a differentiated industry pp. 1635-1654 Downloads
Simon Anderson, André de Palma and Jacques Thisse
Optimal auction design and R&D pp. 1655-1674 Downloads
Parimal Bag
Yield-curve movements and fiscal retrenchments pp. 1675-1685 Downloads
Pierluigi Balduzzi, Giancarlo Corsetti and Silverio Foresi
The determinants of realignment expectations under the EMS: Some empirical regularities pp. 1687-1707 Downloads
Zhaohui Chen and Alberto Giovannini
Structural uncertainty and subsidy removal for economies in transition pp. 1709-1733 Downloads
Graziella Bertocchi and Michael Spagat
Walras--Keynes equilibria coordination and macroeconomics pp. 1735-1762 Downloads
Jacques Dreze
The distribution of earnings in Finland 1971-1990 pp. 1763-1779 Downloads
Tor Eriksson and Markus Jantti
Common trends and hysteresis in Scandinavian unemployment pp. 1781-1816 Downloads
Tor Jacobson, Anders Vredin and Anders Warne
Budget-constrained search pp. 1817-1834 Downloads
Richard Manning and Julian Manning
Convergence across the Swedish counties, 1911-1993 pp. 1835-1852 Downloads
Joakim Persson

Volume 41, issue 8, 1997

Environmental risks and bank liability pp. 1427-1459 Downloads
Marcel Boyer and Jean-Jacques Laffont
The instability of fixed exchange rate systems when raising the nominal interest rate is costly pp. 1461-1478 Downloads
Bernard Bensaid and Olivier Jeanne
International R&D spillovers, human capital and productivity in OECD economies: An empirical investigation pp. 1479-1488 Downloads
Hans-Jurgen Engelbrecht
Does unmeasured ability explain the higher wages of new technology workers? pp. 1489-1509 Downloads
Horst Entorf and Francis Kramarz
A new indicator to assess the credibility of the EMS pp. 1511-1535 Downloads
Marta Gómez-Puig and JoseG. Montalvo
Growth effects of European integration pp. 1537-1557 Downloads
Magnus Henrekson, Johan Torstensson and Rasha Torstensson
Note on duopolistic vertical restraints pp. 1559-1567 Downloads
Andreas Irmen
Conflict generating product price changes: The imputed output approach pp. 1569-1587 Downloads
P. J. Lloyd and Albert Schweinberger
An equilibrium search-matching model of discrimination pp. 1589-1613 Downloads
Åsa Rosén
Risk allocation and inter-dealer trading pp. 1615-1634 Downloads
Karl-Hubert Vogler

Volume 41, issue 7, 1997

Saving and income smoothing: Evidence from panel data pp. 1251-1279 Downloads
Rob Alessie and Annamaria Lusardi
The causes of Spanish unemployment: A structural VAR approach pp. 1281-1307 Downloads
Juan Dolado and Juan F Jimeno
Pricing initial public offerings: Further evidence from Germany pp. 1309-1320 Downloads
Alexander Ljungqvist
Rationing versus collateralization in competitive and monopolistic credit markets with asymmetric information pp. 1321-1342 Downloads
Udo Schmidt-Mohr
On the effects of firing costs when investment is endogenous: An extension of a model by Bertola pp. 1343-1353 Downloads
Ole Risager and Jan Rose Sorensen
The term-structure of investment and the banks' insurance function pp. 1355-1374 Downloads
Ernst-Ludwig von Thadden
The predictive power of the term structure of interest rates in Europe and the United States: Implications for the European Central Bank pp. 1375-1401 Downloads
Arturo Estrella and Frederic Mishkin
Monetary integration and currency substitution in the EMS: The case for a European monetary aggregate pp. 1403-1419 Downloads
Peter Spencer
Export and hedging decisions under revenue and exchange rate risk: A note pp. 1421-1426 Downloads
Axel F. A. Adam-Muller

Volume 41, issue 6, 1997

Editorial note pp. iii-iii Downloads
Jeffrey Frankel and Charles Wyplosz
What does the Bundesbank target? pp. 1025-1053 Downloads
Ben Bernanke and Ilian Mihov
International evidence on investment and fundamentals pp. 1055-1078 Downloads
Janice Eberly
Are countries with official international restrictions 'liquidity constrained'? pp. 1079-1109 Downloads
Karen Lewis
Inflation forecast targeting: Implementing and monitoring inflation targets pp. 1111-1146 Downloads
Lars Svensson
Institutions and labor reallocation pp. 1147-1171 Downloads
Giuseppe Bertola and Richard Rogerson
Skill-biassed change, unemployment and wage inequality pp. 1173-1200 Downloads
Paul Gregg and Alan Manning
Sticky price and limited participation models of money: A comparison pp. 1201-1249 Downloads
Lawrence Christiano, Martin Eichenbaum and Charles Evans

Volume 41, issue 3-5, 1997

Privatisation and liberalisation of network utilities pp. 357-383 Downloads
David M Newbery
Government in transition pp. 385-410 Downloads
Andrei Shleifer
The 'paradoxes' of the successful state pp. 411-442 Downloads
Dani Rodrik
The constitutional reform of the European Union pp. 443-450 Downloads
Roland Vaubel
Flexible integration and European monetary union pp. 451-459 Downloads
Niels Thygesen
A new bankruptcy procedure that uses multiple auctions pp. 461-473 Downloads
Oliver Hart, Rafael La Porta, Florencio Lopez-de-Silanes and John Moore
Ex-ante efficiency of bankruptcy procedures pp. 475-485 Downloads
Francesca Cornelli and Leonardo Felli
Optimal bankruptcy law and firm-specific investments pp. 487-497 Downloads
Elazar Berkovitch, Ronen Israel and Jaime F. Zender
Is labour rigidity harming Europe's competitiveness? The effect of job protection on the pattern of trade and welfare pp. 499-506 Downloads
Gilles Saint-Paul
Can supply create its own demand? Implications for rising skill differentials pp. 507-516 Downloads
Stephen Machin and Alan Manning
Unemployment insurance benefits and human capital accumulation pp. 517-524 Downloads
Harris Dellas
Technology, unemployment and efficiency pp. 525-533 Downloads
Daron Acemoglu
Challenges facing natural rate theory pp. 535-547 Downloads
Marco Bianchi and Gylfi Zoega
Growth, wealth and the natural rate: Is Europe's jobs crisis a growth crisis? pp. 549-557 Downloads
Hian Hoon and Edmund Phelps
Is the natural rate a reference point? pp. 559-569 Downloads
Marika Karanassou and Dennis Snower
An empirical puzzle: Falling migration and growing unemployment differentials among Italian regions pp. 571-579 Downloads
Riccardo Faini, Giampaolo Galli, Pietro Gennari and Fulvio Rossi
Regional unemployment and labour mobility in the UK pp. 581-589 Downloads
Barry McCormick
Sticky labor in Spanish regions pp. 591-598 Downloads
Samuel Bentolila
Is redistribution through indirect taxes equitable? pp. 599-608 Downloads
André Decoster, Erik Schokkaert and Guy Van Camp
On the distributive and incentive effects of the Spanish income tax: A comparison of 1980 and 1994 pp. 609-617 Downloads
Magda Mercader-Prats
Behavioural tax microsimulation with finite hours choices pp. 619-626 Downloads
Alan Duncan and Melvyn Weeks
The impact of comparable policies in European countries: Microsimulation approaches pp. 627-633 Downloads
Tim Callan and Holly Sutherland
Corporatism, labor unions and the safety net pp. 635-646 Downloads
Michael Burda
The decline of labour market institutions and the rise in wage inequality in Britain pp. 647-657 Downloads
Stephen Machin
A new theory of corporatism and wage setting pp. 659-669 Downloads
C. N. Teulings
The Eastern enlargement of the European Union: Major challenges for macro-economic policies and institutions of Central and East European countries pp. 671-680 Downloads
Renzo Daviddi and Fabienne Ilzkovitz
Ongoing reform of U.S. telecommunications policy pp. 681-690 Downloads
Michael Katz
The evolution of telecommunications regulation in the UK pp. 691-699 Downloads
Martin Cave
Competition between telecommunications operators pp. 701-711 Downloads
Jean-Jacques Laffont, Patrick Rey and Jean Tirole
The effects of minimum bargained wages on earnings: Evidence from Spain pp. 713-721 Downloads
Juan Dolado, Florentino Felgueroso and Juan F Jimeno
Is there a negative effect of minimum wages on youth employment in France? pp. 723-732 Downloads
Stephen Bazen and Nicolas Skourias
Minimum wages and economic outcomes in Europe pp. 733-742 Downloads
Stephen Machin and Alan Manning
EMU: Countries or regions? Lessons from the EMS experience pp. 743-751 Downloads
Antonio Fatas
Is EMU more justifiable ex post than ex ante? pp. 753-760 Downloads
Jeffrey Frankel and Andrew Rose
Competition and growth with step-by-step innovation: An example pp. 771-782 Downloads
Philippe Aghion, Christopher Harris and John Vickers
What makes firms perform well? pp. 783-796 Downloads
Stephen Nickell, Daphne Nicolitsas and Neil Dryden
Corporate governance, competition policy and industrial policy pp. 797-805 Downloads
Ph. Aghion, Mathias Dewatripont and Patrick Rey
Soft budget constraints and credit crunches in financial transition pp. 807-817 Downloads
Erik Berglof and Gérard Roland
Fiscal imbalances, capital inflows, and the real exchange rate: The case of Turkey pp. 819-825 Downloads
Pierre-Richard Agénor, Christopher McDermott and Murat Ucer
Currency substitution and exchange rate instability: The Turkish case pp. 827-835 Downloads
O. Cevdet Akcay, C. Emre Alper and Meral Karasulu
Likelihood versus timing of speculative attacks: A case study of Mexico pp. 837-845 Downloads
Ceyla Pazarbasioglu and Inci Ötker-Robe
Speculative attacks and macroeconomic fundamentals: evidence from some European currencies pp. 847-860 Downloads
Inci Ötker-Robe and Ceyla Pazarbasioglu
Economic implications for Turkey of a Customs Union with the European Union pp. 861-870 Downloads
Glenn Harrison, Thomas Rutherford and David Tarr
On Turkey's trade policy: Is a customs union with Europe enough? pp. 871-880 Downloads
Jean Mercenier and Erinc Yeldan
Competitiveness of Turkish SMSEs in the Customs Union pp. 881-892 Downloads
Refik Erzan and Alpay Filiztekin
Value of human capital in transition to market: Evidence from Slovenia pp. 893-903 Downloads
Peter Orazem and Milan Vodopivec
Heterogeneous workers, economic transformation and the stagnancy of transitional unemployment pp. 905-914 Downloads
Tito Boeri
New jobs, worklessness and households in Poland pp. 915-923 Downloads
Hartmut Lehmann and Jonathan Wadsworth
Unemployment dynamics and the restructuring of the Slovak unemployment benefit system pp. 925-934 Downloads
Martina Lubyova and Jan van Ours
Estimating cost functions in regulated industries characterized by asymmetric information pp. 935-942 Downloads
Dag Morten Dalen and Andres Gomez-Lobo
Empirical contract theory: The case of insurance data pp. 943-950 Downloads
Pierre Chiappori and Bernard Salanié
Game theory econometric models: application to procurements in the space industry pp. 951-959 Downloads
Jean-Pierre Florens, Marie-Anne Hugo and Jean-Francois Richard
Multiple-output agency incentives in data production: experimental evidence pp. 961-970 Downloads
Tomas Philipson and Thomas Lawless
Annual report 1996 pp. 971-973 Downloads
Anton P. Barten

Volume 41, issue 2, 1997

Technological change, relative wages, and unemployment pp. 187-205 Downloads
Pierre-Richard Agénor and Joshua Aizenman
Asymmetric information as a commitment in oligopoly pp. 207-225 Downloads
Fatima Barros
Optimal contract length in a reputational model of monetary policy pp. 227-243 Downloads
Christopher J. Ellis and Steinar Holden
Price adjustment costs and the effect of endogenous technique on price stickiness pp. 245-257 Downloads
Claude Fluet and Louis Phaneuf
Real exchange rate misalignment and redistribution pp. 259-277 Downloads
Harry Huizinga
Stabilization pp. 279-293 Downloads
Ailsa Roell and Oren Sussman
Shopping at the labour market: A real tale of fiction pp. 295-317 Downloads
Krijn W. H. van Beek, Carl Koopmans and Bernard van Praag
International real business cycles among heterogeneous countries pp. 319-356 Downloads
Christian Zimmermann

Volume 41, issue 1, 1997

Game theory and empirical economics: The case of auction data 1 pp. 1-35 Downloads
Jean-Jacques Laffont
Intertemporal consumption, durables and liquidity constraints: A cohort analysis pp. 37-59 Downloads
Rob Alessie, Michael Devereux and Guglielmo Weber
Estimating a cointegrating demand system pp. 61-73 Downloads
C. L. F. Attfield
On nonparametric demand analysis pp. 75-95 Downloads
Jean-Paul Chavas and Thomas L. Cox
In-kind transfers, self-selection and optimal tax policy pp. 97-114 Downloads
Helmuth Cremer and Firouz Gahvari
Real returns on government debt: A general equilibrium quantitative exploration pp. 115-137 Downloads
Javier Díaz-Giménez and Edward Prescott
Stock markets and development: A re-assessment pp. 139-146 Downloads
Richard Harris
Wages and employment in a repeated game with revenue fluctuations pp. 147-162 Downloads
Christian Schultz
Rational fix-price dynamics pp. 163-186 Downloads
Terje Lensberg
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