Thirty Years of Economic Policy Inspiration for Debate

Over the last 30 years, Economic Policy has strived to produce policy relevant and rigorous analyses of the economic challenges of the time. A number of articles have been highly influential, shaping thinking among academic economists and policymakers. This volume brings together key historic articles that still resonate today. It provides academics with important research markers, and also provides students (and their teachers) with a 'reader' that demonstrates how the field of economics progresses by responding to challenges of the time. It will also inspire a new generation of students and academics with a recollection of how some of today's most influential economists made early contributions.

Charles Wyplosz, Professor of International Economics, The Graduate Institute, Geneva

Charles Wyplosz is Professor of International Economics at the Graduate Institute of International and Development Studies in Geneva where he is Director of the International Centre of Money and Banking Studies (ICMB). Previously, he has served as Associate Dean for Reserach and Development at INSEAD and Director of the PhD program in Economics at the Ecole des Hautes Etudes en Science Sociales in Paris. He has also been Director of the International Macroeconomics Programme of CEPR. He was a founding Managing Editor of the journal Economic Policy. He is a regular columnist in newspapers such as the Financial Times, Le Monde, Liberation, and Finanz und Wirtschaft. He has acted as consultant to the European Commission, the IMF, the World Bank, the United Nations, the Asian Development Bank, and the Inter-American Development Bank. Professor Wyplosz holds a PhD in Economics from Harvard University. He has been awarded the Legion d'Honneur by the President of France.

Introduction, Charles Wyplosz
1. A guide to public sector debt and deficits, Willem H. Buiter
2. Mexico: stabilization, debt, and growth, Rudiger Dornbusch
3. The collapse of the Mexican peso: what have we learned?, Jeffrey Sachs, Aaron Tornell, and Andres Velasco
4. Immediate challenges for the European Central Bank, Rudi Dornbusch, Carlo Favero, and Francesco Giavazzi
5. Will there be a dollar crisis?, Paul Krugman
6. Fiscal expansions and adjustments in OECD countries, Alberto Alesina and Roberto Perotti
7. What should fiscal councils do?, Lars Calmfors and Simon Wren-Lewis
8. The growth effects of 1992, Richard Baldwin
9. One money for Europe? Lessons from the US currency union, Barry Eichengreen
10. One money, one market: the effect of common currencies on trade, Andrew K. Rose
11. Divergent inflation rates in EMU, Patrick Honohan and Philip R. Lane
12. Unemployment and vacancies in Britain, Christopher Pissarides
13. Bargaining structure, corporatism and macroeconomic performance, Lars Calmfors and John Driffill
14. European unemployment: the evolution of facts and ideas, Olivier Blanchard
15. Insider trading, Mervyn King and Ailsa Roell
16. Regulatory reform in Britain, John Kay and John Vickers