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 32, issue 9, 1988

The role of comparative costs for determining inter- and intra-industry trade with developing countries pp. 1699-1710

Lars Lundberg

A global model of OECD aggregate supply and demand using vector autoregressive techniques pp. 1711-1729

Ehsan Ahmed, J. Barkley Rosser and Richard Sheehan

Firm behavior and the externalities of technological leadership pp. 1731-1746

Benjamin Bental and Dennis Fixler

The real exchange rate, the capital stock, and fiscal policy pp. 1747-1767

Alberto Giovannini

Optimal dynamic investment policy under financial restrictions and adjustment costs pp. 1769-1776

Peter Kort

Aid and growth in Sub-Saharan Africa: The recent experience pp. 1777-1795

Victor Levy

A model of the labour market with some Marxian and Keynesian features pp. 1797-1816

Alan Manning

The collapse of the fixed exchange rate regime with sticky wages and imperfect substitutability between domestic and foreign bonds pp. 1817-1838

Alpo Willman

Volume 32, issue 8, 1988

International chaos? pp. 1569-1584

Murray Frank, Ramazan Gencay and Thanasis Stengos

The equity-productivity tradeoff:: Public school resources in Brazil pp. 1585-1601

Jere Behrman and Nancy Birdsall

Money, output and prices:: An empirical study using long-term cross country data pp. 1603-1619

Nigel W. Duck

Exchange rate policy, wage formation and credibility pp. 1621-1636

Henrik Horn and Torsten Persson

Extremal configurations for optimal prevention and damage control pp. 1637-1643

Moshe Justman and Abraham Mehrez

Unemployment expectations and human capital formation pp. 1645-1660

David A. Kodde

Preemption in R&D races pp. 1661-1669

Steven A. Lippman and Kevin F. McCardle

Sequential entry, industry structure and welfare pp. 1671-1687

Xavier Vives

Volume 32, issue 7, 1988

Competition in the European internal market: An introduction pp. 1419-1420

Claude d'Aspremont, Alexis Jacquemin and Jean Gabszewicz

The determinants of intra-European trade in manufactured goods pp. 1421-1437

Bela Balassa and Luc Bauwens

International trade and integration of the European Community: An econometric analysis pp. 1439-1449

Alexis Jacquemin and Andre Sapir

The formation of the European Common Market and changes in market structure and performance pp. 1451-1475

Leo Sleuwaegen and Hideki Yamawaki

Completing the European internal market: Some notes on trade policy pp. 1477-1499

L. Winters

Completing the internal market in the European Community: Some industry simulations pp. 1501-1525

Alasdair Smith and Anthony Venables

Price, quality and welfare effects of European VERs on Japanese autos pp. 1527-1546

Jaime de Melo and Patrick Messerlin

Optimal trade policy under oligopoly: A calibrated model of the Europe-Japan rivalry in the EEC car market pp. 1547-1565

Didier Laussel, Christian Montet and Anne Peguin-Feissolle

Corrigendum to 'A Theory of Dynamic Oligopoly, III, Cournot Competition' (vol. 31, no. 4) pp. 1567-1568

Eric Maskin and Jean Tirole

Volume 32, issue 6, 1988

Dynamics of real interest differentials: An empirical investigation pp. 1191-1211

Bagher Modjtahedi

Nonlinear taxes and labor supply pp. 1213-1226

Sören Blomquist

Industrial output and factor input determination in an econometric model of a small open economy pp. 1227-1241

John Bradley and John Fitzgerald

Ranking alternative share contracts under rational expectations pp. 1243-1259

Alison Butler and Christopher J. Ellis

Granger-causality, real factor prices and employment: A re-appraisal with UK data pp. 1261-1283

Andres Drobny and Robert Gausden

Economic optimization and technical efficiency in Soviet enterprises jointly regulated by plans and incentives pp. 1285-1299

Steven Rosefielde and Ralph W. Pfouts

Budget share demographic translation and the aggregate almost ideal demand system pp. 1301-1318

Nicola Rossi

Effects of shorter hours on employment in disequilibrium models pp. 1319-1333

Karl-Heinz Toedter

A dynamic singular equation system of asset demand pp. 1349-1357

Joachim Zietz and Ronald Weichert

The effects of foreign exchange risk and return on the demand for domestic balances pp. 1359-1368

Ben-Zion Zilberfarb

Labour turnover cost and the curious properties of the mobile capital Harris-Todaro model pp. 1369-1374

Raveendra N. Batra and Sajal Lahiri

Manipulation of endowments in replica economies: An example pp. 1375-1383

Hans Haller

International borrowing and exhaustible resources: Note on a liquidity creditworthiness conflict pp. 1385-1392

Ernst Mohr

Volume 32, issue 5, 1988

The international monetary system: An analysis of alternative regimes pp. 1031-1048

Marcus Miller and John Williamson

The international monetary system: An analysis of alternative proposals: Marcus H. Miller and John Williamson pp. 1048-1051

Stanley Fischer

The international monetary system: An analysis of alternative regimes: Marcus H. Miller and John Williamson pp. 1051-1054

Gilles Oudiz

The advantage of tying one's hands: EMS discipline and Central Bank credibility pp. 1055-1075

Francesco Giavazzi and Marco Pagano

The advantage of tying one's hands: EMS discipline and Central Bank credibility: Francesco Giavazzi and Marco Pagano pp. 1075-1077

David K. H. Begg

The advantage of tying one's hands: EMS discipline and Central Bank credibility: Francesco Giavazzi and Marco Pagano pp. 1077-1082

Maurice Obstfeld

Political vs. currency premia in international real interest differentials: A study of forward rates for 24 countries pp. 1083-1114

Jeffrey Frankel and Alan T. MacArthur

Political vs. currency premia in international real interest rate differentials: Jeffrey A. Frankel and Alan T. MacArthur pp. 1114-1118

Matthew Shapiro

Political vs. currency premia in international real interest rate differentials: Jeffrey A. Frankel and Alan T. MacArthur pp. 1119-1121

William Branson

The worldwide change in the behavior of interest rates and prices in 1914 pp. 1123-1147

Robert Barsky, N. Gregory Mankiw, Jeffrey Miron and David N. Weill

The worldwide change in the behavior of interest rates and prices in 1914: R.B. Barsky, N.G. Mankiw, J.A. Miron and D.N. Weil pp. 1147-1150

Giorgio Basevi

The worldwide change in the behavior of interest rates and prices in 1914: R. Barsky, G. Mankiw, J. Miron and D. Weil pp. 1150-1154

Alan Stockman

Price rigidity, international mobility of financial capital and exchange rate volatility pp. 1155-1162

Gerhard O. Orosel

Price rigidity, international mobility of financial capital and exchange rate volatility: Gerhard Orosel pp. 1162-1164

Marcus Miller

Price rigidity, international mobility of financial capital and exchange rate volatility: Gerhard O. Orosel pp. 1165-1165

Bernard Dumas

New issues in corporate finance pp. 1167-1183

Colin Mayer

New issues in corporate finance: Colin Mayer pp. 1183-1186

N. Gregory Mankiw

New issues in corporate finance: Colin Mayer pp. 1187-1189

Yves Barroux

Volume 32, issue 4, 1988

Regulation or deregulation of the labour market: Policy regimes for the recruitment and dismissal of employees in the industrialised countries pp. 775-817

Michael Emerson

Tax reform and housing demand: The distribution of welfare gains and losses pp. 819-840

David Brownstone, Peter Englund and Mats Persson

Organizational adjustment and institutional factors in Japanese labour market adjustment: An empirical evaluation pp. 841-860

Giorgio Brunello

Modelling parallel markets in centrally planned economies: The case of the automobile market in Poland pp. 861-883

Wojciech Charemza, Miroslaw Gronicki and Richard E. Quandt

The locational determinants of direct investments among industrialized countries pp. 885-904

Claudy G. Culem

Innovative strategic groups in multinational industries pp. 905-925

Raymond De Bondt, Leo Sleuwaegen and Reinhilde Veugelers

Intra industry trade and the shifting of protection across sectors pp. 927-945

Sir David Greenaway and Chris Milner

The returns to labour services in West German manufacturing industry pp. 947-963

Robert Hart and Peter McGregor

How big is the shadow economy?: A re-analysis of the unobserved-variable approach of B.S. Frey and H. Weck-Hannemann pp. 965-976

Christof Helberger and Helmut Knepel

Wage formation in norwegian manufacturing: An empirical application of a theoretical bargaining model pp. 977-997

Michael Hoel and Ragnar Nymoen

Normal costs and demand effects in price setting: A study of retailing pp. 999-1011

Bart Nooteboom, Aad Kleijweg and Roy Thurik

The econometric modelling of aggregate consumer behaviour: A comment pp. 1013-1017

H. Youn Kim

Climate equivalence scales: An application of a general method pp. 1019-1024

Bernard van Praag

Volume 32, issue 2-3, 1988

Introduction pp. 227-227

Charles Wyplosz

Opening remarks pp. 229-231

Erik Hoffmeyer

Individual freedom and reform of the socialist economy pp. 233-267

János Kornai

Freedom of choice: Concept and content pp. 269-294

Amartya Sen

Individual freedom and welfare state policy pp. 295-318

Assar Lindbeck

Introduction pp. 319-324

Anthony Atkinson and J. I. Leape

The 1986 US tax reform and the world capital market pp. 325-333

Hans-Werner Sinn

A general equilibrium analysis of the 1986 tax reform in Spain pp. 334-342

Timothy Kehoe, Pedro Javier Noyola, Antonio Manresa, Clemente Polo and Ferran Sancho

What do we learn about tax reform from international comparisons? France and Britain pp. 343-352

Anthony Atkinson, F. Bouguignon and Pierre Chiappori

Autonomy through cooperation pp. 353-362

Jacques Dreze

Real exchange rate behavior under alternative international monetary regimes: Interwar evidence pp. 363-371

Barry Eichengreen

Monetary cooperation and liberalization of capital movements in the european monetary system pp. 372-381

Giorgio Basevi

Incentives to fix the exchange rate pp. 382-387

Francesco Giavazzi

Endogenous fluctuations under rational expectations pp. 389-397

Pierre Chiappori and Roger Guesnerie

Coordination and business cycles pp. 398-407

Torben M. Andersen

Introduction: Recent theories on public enterprise economies pp. 409-414

Dieter Bos

Industries with private and public enterprises pp. 415-421

Pieter Ruys

INefficiency, public enterprise and privatisation pp. 422-431

Ray Rees

Technical performance in public enterprises: A comparative study of railways and postal services pp. 432-441

Sergio Perelman and Pierre Pestieau

Economic growth and efficiency: A comparative efficiency approach pp. 443-450

Jan Klacek

The gerschenkron phenomenon and systemic factors in the post-1975 growth slowdown pp. 451-458

Stanislaw Gomulka

Competitive valuation and efficiency of capital investment in the socialist economy pp. 459-464

D. M. Nuti

Regulation of privatised firms in Britain pp. 465-472

John Vickers and George Yarrow

Regulation as an adverse selection problem: An introduction to the literature pp. 473-481

Roger Guesnerie

The privatisation process in France and the U.K pp. 482-490

Tim Jenkinson and Colin Mayer

Introductory remarks pp. 491-494

Agnar Sandmo

From macrodynamics to macroeconomic planning: A basic shift in Ragnar Frisch's thinking? pp. 495-502

Jens Christopher Andvig

Knut Wicksell's unpublished manuscripts: A first glance pp. 503-511

Lars Jonung

Fiscal policy in denmark 1930-1945 pp. 512-518

Niels-Henrik Topp

An introduction and a broad survey pp. 519-532

Torsten Persson

Macroeconomic policy games with incomplete information: A survey pp. 533-541

Edward Driffill

Credibility and politics pp. 542-550

Alberto Alesina and Guido Tabellini

Cooperative agreements in R&D and European antitrust policy pp. 551-560

Alexis Jacquemin

Vertical restraints and producers' competition pp. 561-568

Patrick Rey and Joseph Stiglitz

Potential competition, actual competition, and economic welfare pp. 569-577

P. Dasgupta and Joseph Stiglitz

Price discrimination in spatial competitive markets pp. 578-590

Simon Anderson and Jacques Thisse

Knowledge transfers in the United States pp. 591-603

John H. Moore

The economics of research and development: Some east-west comparisons pp. 604-610

Philip Hanson

Hungarian policy on imports of licenses and the assimilation of transferred know-how pp. 611-617

Agota Anna Gueullette

Earnings mobility pp. 619-632

Anthony Atkinson, François Bourguignon and C. Morrisson

Redistribution and the two dimensions of inequality: An east-west comparison pp. 633-643

Wlodzimierz Okrasa

On five hot issues on wealth distribution pp. 644-653

Denis Kessler and André Masson

Inequality and poverty orderings pp. 654-661

James Foster and Anthony F. Shorrocks

Introductory remarks pp. 663-668

Allan Drazen

Stabilization policies, credibility, and interest rate determination in a small open economy pp. 669-679

Torben M. Andersen and Ole Risager

The effect of policy anticipations on stabilization programs pp. 680-686

Allan Drazen and Elhanan Helpman

Which LDCs are solvent pp. 687-693

Daniel Cohen

Introduction pp. 695-697

Andrew Oswald

Wage setting and unemployment persistence in Europe, Japan and the USA pp. 698-706

George Alogoskoufis and Alan Manning

Union density and economic performance: An analysis of U.S. States pp. 707-716

Richard Freeman

Trade unions and employment change: An analysis of British establishment data pp. 717-726

David Blanchflower and Neil Millward

Unions, wages and employment: Tests based on U.K. firm-level data pp. 727-733

Stephen Nickell and Sushil Wadhwani

Volume 32, issue 1, 1988

The stochastic analysis of competitive unemployment insurance premiums pp. 7-25

David Blake and Michael Beenstock

Endogenous risk in a portfolio-balance rational-expectations model of the Deutschemark-Dollar rate pp. 27-53

Francis Diebold and Peter Pauly

Anti-dumping and countervailing duties under oligopoly pp. 55-68

Avinash Dixit

Non-competitive and protectionist government purchasing behavior pp. 69-80

Jorg Finsinger

Seasonality in surveys: A comparison of Belgian, French and German business tests pp. 81-99

Eric Ghysels and Marc Nerlove

Welfare effects of alternative forms of public spending pp. 101-127

Assar Lindbeck and Jörgen Weibull

Product quality in a Soviet-type economy pp. 129-139

Gérard Roland

Distributional consequences of rural food levy and subsidized urban rations pp. 141-159

Raaj Sah and T. Srinivasan

Undominated prices in the three good model pp. 161-178

Joaquim Silvestre

Long-run purchasing power parity in the 1920s pp. 179-197

Mark Taylor and Patrick C. McMahon

Capital mobility and exchange rate overshooting: Comment pp. 199-202

Basant Kapur

Capital mobility and exchange rate overshooting: Reply pp. 203-206

Jagdeep S. Bhandari, Robert Driskill and Jacob A. Frenkel

Economics in Europe and in the U.S pp. 207-212

Serge-Christophe Kolm