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 33, issue 9, 1989

Foreign monopoly and optimal tariffs for the small open economy pp. 1691-1707

Ronald Jones and Shumpei Takemori

Did policy activism work? pp. 1709-1726

Andrea Boltho

Sectoral wage rigidity in the Canadian and French economies pp. 1727-1749

Carl Campbell

Imposing exchange controls to dampen currency speculation: Political risk and the French franc, 1976-1984 pp. 1751-1768

Brian J. Cody

An appraisal of alternative blueprints for international policy coordination pp. 1769-1785

David Currie and Simon Wren-Lewis

Profit-sharing and European unemployment pp. 1787-1798

K.C. Fung

Autonomy, switching regimes, and super exogeneity pp. 1799-1804

Niels Kaergard

On managerial contracting with asymmetric information pp. 1805-1829

Joan E. Ricart I Costa

The real effects of nominal price rigidity pp. 1831-1838

Daniel Seidmann

Human capital and job levels: Explaining the age-income funnel pp. 1839-1849

Carl Koopmans, Rocus van Opstal and Jules J. M. Theeuwes

Volume 33, issue 8, 1989

Price formation of fish: An application of an inverse demand system pp. 1509-1525

A. P. Barten and L. J. Bettendorf

A risk-averse buyer's contract design pp. 1527-1544

Pamela Clark Brown

Regulation, financial buffer stocks, and short-run adjustment: An econometric case-study of Sweden, 1970-1982 pp. 1545-1565

Nils Gottfries, Torsten Persson and Edward Palmer

The effect of outsiders on union contracts pp. 1567-1573

Stephen Jones and C. J. McKenna

Conservative central bankers in a two-country world pp. 1575-1595

Daniel Laskar

In-kind transfers, cash grants and the supply of labour pp. 1597-1604

Alistair Munro

Indexation and monopolistic competition in labor markets pp. 1605-1623

Kiyohiko G. Nishimura

The dynamics of corporate profits pp. 1625-1639

Joachim Schwalbach, Gra[beta]hoff, Ulrike and Talat Mahmood

'Top of the line' quality as an optimal solution for a multi-quality monopolist pp. 1641-1652

B. Shitovitz, M. Spiegel and Shlomo Weber

An econometric model of crowding out of lower education levels pp. 1653-1664

C. N. Teulings and Marc Koopmanschap

Inflationary inertia in a wage-price spiral model pp. 1665-1683

Joseph Zeira

Volume 33, issue 7, 1989

Competing technologies, the learning curve, and rational expectations pp. 1293-1311

Karl Habermeier

Second best optimum under Morishima separability and exogenous price constraints pp. 1313-1328

J. Benard and Pierre Chiappori

Optimal policy toward international factor movements with a country-specific factor pp. 1329-1344

Eric Bond

Imported inputs, real wage rigidity and devaluation in the small open economy* pp. 1345-1361

Edward F. Buffie

How restrictive is the Prais-Houthakker model? pp. 1363-1372

Jean-Paul Chavas

(Non-)graduation and the earnings function: An inquiry on self-selection pp. 1373-1395

Joop Hartog, Gerard Pfann and Geert Ridder

Inflation and wage indexation with multiperiod contracts: A comment pp. 1397-1404

Hubert Kempf

International market linkages and optimal monetary policy pp. 1405-1426

Kyung-Soo Kim

The case for permissive patents pp. 1427-1443

Manfredi La Manna, Ross Macleod and David de Meza

Estimating functional forms in cost-prices pp. 1445-1461

Dennis Olson and Yeung-Nan Shieh

Monetary, fiscal and exchange intervention policy in a two-country intertemporal disequilibrium model pp. 1463-1480

Neil Rankin

A note on fiscal policy under flexible exchange rates pp. 1481-1486

Pekka Ahtiala

Liability management of financial intermediaries in a dynamic and uncertain perspective: Corrigendum pp. 1487-1488

J. -P. D. Chateau

International differences in saving rates and the life cycle hypothesis: A comment pp. 1489-1498

Erkki Koskela and Matti Viren

International differences in saving rates and the life cycle hypothesis: Reply and further evidence pp. 1499-1507

John Graham

Volume 33, issue 6, 1989

Sunk costs, financial markets, and contestability pp. 1089-1113

Stephen Martin

Capitalism, socialism, and productivity: An econometric analysis of CES and translog functions pp. 1115-1133

John Burkett and Borislav Skegro

Productivity and cost gaps in manufacturing industries in U.S., Japan and Germany pp. 1135-1159

Klaus Conrad

Exchange-rate dynamics in a model with imperfect capital mobility and asset substitutability pp. 1161-1173

Bernard Delbecque

Output and welfare effects of optimal price discrimination in markets segmented at the initiative of the seller pp. 1175-1181

John P. Formby and Edward L. Millner

The pure labour theory of prices and interest: Basic principles pp. 1183-1203

Branko Horvat

Exchange-rate dynamics under gradual portfolio and commodity-price adjustment pp. 1205-1226

Girol Karacaoglu and Heinrich Ursprung

Broken symmetry, symmetry, and price uncertainty: Or, short and long-run comparative statics of the competitive firm pp. 1227-1239

Quirino Paris

Exchange rate uncertainty and foreign trade pp. 1241-1264

Eric Peree and Alfred Steinherr

Rules and discretion in trade policy pp. 1265-1277

Robert Staiger and Guido Tabellini

Terms of trade shocks and domestic prices under tariffs and quotas: A note pp. 1279-1282

Mahmudul Anam

On the notion of time-consistency: A comment pp. 1283-1288

Hans-Werner Wohltmann and Wolfgang Kromer

Volume 33, issue 5, 1989

Introduction pp. 897-901

George de Menil and Robert Gordon

Political and economic determinants of budget deficits in the industrial democracies pp. 903-933

Nouriel Roubini and Jeffrey D. Sachs

Comments 'political and economic determinants of budget deficits in the industrial democracies' by N. Roubini and J.D. Sachs pp. 934-938

Robert Gordon

The effect of the stock market on investment: a comparative study pp. 939-956

Mark Mullins and Sushil Wadhwani

Comments 'the effect of the stock market on investment: a comparative study' by M. Mullins and S.B. Wadhwani pp. 956-959

Stanley Fischer

Comments 'the effect of the stock market on investment: a comparative study' by M. Mullins and S.B. Wadhwani pp. 959-961

Koichi Hamada

Comparative estimates of a macroeconomic disequilibrium model: France, Germany, the U.K. and the U.S.A pp. 963-988

Guy Laroque

Comments 'comparative estimates of a macroeconomic disequilibrium model: France, Germany, the U.K. and the U.S.A.' by Guy Laroque pp. 989-993

Julio Rotemberg

Comments 'comparative estimates of a macroeconomic disequilibrium model: France, Germany, the U.K. and the U.S.A.' by Guy Laroque pp. 993-995

Jean Waelbroeck

An analysis of female labor supply, housing demand and the saving rate in Japan pp. 997-1023

Hiroshi Yoshikawa and Fumio Ohtaka

Comments 'an analysis of female labor supply, housing demand and the saving rate in Japan' by Hiroshi Yoshikawa and Fumio Ohtake pp. 1023-1026

Robert Dekle

Comments 'an analysis of female labor supply, housing demand and the saving rate in Japan' by Hiroshi Yoshikawa and Fumio Ohtake pp. 1027-1030

Jacques Mairesse

Differences in income elasticities and trends in real exchange rates pp. 1031-1046

Paul Krugman

Comments 'differences in income elasticities and trends in real exchange rates' by Paul Krugman pp. 1047-1049

Kazumasa Iwata

Comments 'differences in income elasticities and trends in real exchange rates' by Paul Krugman pp. 1050-1054

Klaus-Werner Schatz

On the international capital ownership pattern at the turn of the twenty-first century pp. 1055-1079

Koichi Hamada and Kazumasa Iwata

Comments 'on the international capital ownership pattern at the turn of the twenty-first century' by Koichi Hamada and Kazumasa Iwata pp. 1080-1083

Giorgio Basevi

Comments 'on the international capital ownership pattern at the turn of the twenty-first century' by Koichi Hamada and Kazumasa Iwata pp. 1083-1085

Paul Krugman

Volume 33, issue 4, 1989

A privately revealing rational expectations equilibrium for the futures market pp. 663-685

Fanny Demers and Michel Demers

Monetary, nominal income and exchange rate targets in a small open economy pp. 687-705

George Alogoskoufis

Market efficiency with combinable products pp. 707-719

Simon Anderson and Damien Neven

Non-traded and intermediate goods and the theory of protection pp. 721-735

Raveendra N. Batra and Nadeem Naqvi

A microeconomic analysis of the timing of births pp. 737-760

Alessandro Cigno and John Ermisch

Exchange-rate management viewed as tax policies pp. 761-781

Jacob A. Frenkel and Assaf Razin

Unemployment, profit-sharing and Japan's economic success pp. 783-796

K.C. Fung

Individual morality and reputation costs as deterrents to tax evasion pp. 797-805

James P. P. Gordon

Adverse selection and moral hazard with risk neutral agents pp. 807-823

Roger Guesnerie, Pierre Picard and Patrick Rey

Economic performance of flexible functional forms: A correction and comment pp. 825-838

Sverre Kittelsen

The profitability of forward currency speculation by central banks: A comment pp. 839-843

David Longworth

The perceived distribution of job characteristics pp. 845-862

Gusta Renes and Aldi Hagenaars

A disequilibrium model with smooth regime transitions and a keynesian spillover for switzerland's labor market pp. 863-893

Peter Stalder

Volume 33, issue 2-3, 1989

Introduction pp. 203-203

John Sutton

Observation in macroeconomic theory building pp. 205-223

Edmond Malinvaud

The paradoxes of economic history: Economic laws and history pp. 225-249

Paul Bairoch

Facts and ideas in microeconomic theory pp. 251-276

Werner Hildenbrand

Asymmetric information, financial markets, and financial institutions Where are we currently going? pp. 277-285

Martin Hellwig

The financial structure of the firm and the problem of control pp. 286-293

Philippe Aghion and Patrick Bolton

The strategic analysis of intermediation pp. 294-301

Marie-Odile Yanelle

Monetary and fiscal policy in an open economy with or without policy coordination pp. 303-309

Daniel Cohen

Asymmetry in the EMS: Intentional or systemic? pp. 310-320

Charles Wyplosz

Time series and cross sectional studies of industrial structure pp. 321-324

Louis Phlips

Economic growth and the life-cycle of firms pp. 325-334

Mervyn King

Endogenous sunk costs and the structure of advertising intensive industries pp. 335-344

John Sutton

Economic consequences of an aging population pp. 345-354

Bo[dieresis]s, Dieter and K. von Weizsa[dieresis]cker, Robert

Unemployment consequences of an aging population: An application of insider-outsider theory pp. 355-366

Christopher Pissarides

Can we afford to grow older? Population aging and social security pp. 367-376

John Creedy and Richard Disney

Demographic change and income distribution pp. 377-388

K. von Weizsa[dieresis]cker, Robert

Introduction pp. 389-394

Westerga[ring]rd-Nielsen, Niels

Female participation and male unemployment duration in Greece: Evidence from the labour force survey pp. 395-406

Costas Meghir, Yannis Ioannides and Christopher Pissarides

Youth unemployment duration from the Italian labour force survey: Accuracy issues and modelling attempts pp. 407-415

Nicola Torelli and Ugo Trivellato

Job search and youth unemployment Analysis of Swedish data pp. 416-425

James Albrecht, Bertil Holmlund and Harald Lang

Remonetisation and capital markets in the reform of centrally planned economies pp. 427-438

Domenico Mario Nuti

Capital market and the problem of full employment pp. 439-447

Wlodzimierz Brus and Kazimierz Laski

Goals and conditions in setting up a stock market in Hungary, 1988 pp. 448-455

Zsigmond Jarai

Capital markets, management takeovers and creation of new firms in a reformed self-managed economy Some lessons from the Nova Gorica (Yugoslavia) experiment pp. 456-465

Ales Vahcic

Economic reforms, international capital flows and the development of the domestic capital market in CPEs pp. 466-471

Richard Portes

Trade policy under imperfect competition Theoretical ambiguities -- empirical regularities? pp. 473-479

Victor D. Norman

Tariffs, subsidies and retaliation pp. 480-489

Michael Gasiorek, Alasdair Smith and Anthony Venables

Introductory remarks pp. 491-493

Jean Gabszewicz

An insolent founding father pp. 494-502

Philippe De Ville and Claude Menard

Cournot and the oligopoly problem pp. 503-514

Xavier Vives

Cournot, A great forerunner of mathematical economics pp. 515-522

Robert Gary-Bobo

Introduction pp. 523-529

N. Anders Klevmarken

The analysis of labor market mobility using panel data pp. 530-536

Reinhard Hujer and Hilmar Schneider

Potentials and pitfalls of panel data The case of job mobility pp. 537-546

Bjo[dieresis]rklund, Anders

The effects of liquidity constraints on consumption Estimation from household panel data pp. 547-555

Rob Alessie, Arie Kapteyn and Bertrand Melenberg

Seigniorage: Old and new policy issues Introduction pp. 557-563

Luigi Spaventa

Money, time preference and external balance pp. 564-572

Philippe Weil

Public debt and implicit taxes The Portuguese experience pp. 573-579

Jorge Braga de Macedo and Manuel Sebastiao

Exchange rates and seigniorage pp. 580-587

Vittorio Grilli

European perspectives on the shadow economy pp. 589-596

Stephen Smith

Second economy in state socialism: Past experience and future prospects The case of Hungary pp. 597-604

Istva'n R. Gabor

Honesty is sometimes the best policy pp. 605-617

Frank Cowell

Some theoretical considerations pp. 619-624

Partha Dasgupta

Repeated games Some applications to under-cutting and harassment in the labour market pp. 625-634

Hamid Sabourian

Biological games pp. 635-644

Peter Hammerstein

Minutes of the third general assembly pp. 645-646

Louis Phlips

Volume 33, issue 1, 1989

Pareto-improving indirect tax harmonisation pp. 1-12

Michael Keen

Business cycles in Switzerland: A comparative study pp. 31-50

Jean-Pierre Danthine and Michel Girardin

The ratchet principle: A multi-period flexible incentive scheme pp. 51-57

Tikva Darvish and Nava Kahana

Intertemporal equilibrium and disadvantageous growth pp. 59-65

M. P. Donsimoni and H. M. Polemarchakis

Information as a substitute for inventories pp. 67-88

Leonard Dudley and Pierre Lasserre

How 'natural' is Canada's high unemployment rate? pp. 89-110

Pierre Fortin

Interrelated factor demands for manufacturing: A dynamic translog cost function approach pp. 111-126

Sean Holly and Peter Smith

International labour migration under alternative informational regimes: A diagrammatic analysis pp. 127-142

Eliakim Katz and Oded Stark

A quadratic quasi Cobb-Douglas extension of the multi-input CES formulation pp. 143-158

Dean Mountain

Firm size and optimal growth rates pp. 159-167

Uzi Segal and Avia Spivak

Wage premia, price-cost margins and bargaining power in Belgian manufacturing pp. 169-180

Reinhilde Veugelers

Aggregate inventory behavior in large European economies pp. 181-194

Maurice Wilkinson