Economic Policy 60

Top economists provide a concise and accessible evaluation of major developments in trade and trade policy. This book examines key issues pertinent to the multinational trading system, as well as regional trade arrangements and policy developments at the national level. The volume provides up-to-date assessments of the World Trade Organization′s current Trade Policy Reviews."Economic Policy" is written for all those with an informed interest in economic policy problems. All articles are submitted to rigorous scrutiny by a panel of distinguished economists from around the world, resulting in a volume of authoritative and accessible articles, each followed by the comments of panel members.

Editors' introduction. 1. Oil and the Euro area economy (Gert Peersman and Ine Van Robays both Universiteit Gent). 2. What happens during recessions, crunches and busts? (Stijn Claessens, M. Ayhan Kose and Marco E. Terrones, all International Monetary Fund). 3. Subprime crisis and board (in-) competence: private versus public banks in Germany (Harald Hau, INSEAD, Fontainebleau and CEPR) and Marcel Thum, TU Dresden, ifo Dresden and CESifo). 4. Planning to cheat: EU fiscal policy in real time (Roel Beetsma, University of Amsterdam, Massimo Giuliodori, University of Amsterdam, and Peter Wierts, De Nederlandsche Bank). Index.