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MEDIA BRIEFINGS
The Economic Journal 1997

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November 1997
September 1997
July 1997
May 1997
March 1997
January 1997

For further information, copies of the journal or of individual articles or any information on economic research in the UK, contact: RES Media Consultant for Economics -
Romesh Vaitilingam on 0117-983-9770 or mobile 07768-661095
(email: romesh@compuserve.com)
To follow up particular research stories, contact Romesh Vaitilingam, or the relevant author(s).


NOVEMBER 1997:
 
Booms and Busts in the UK Housing Market: Implications for EMU by Professor John Muellbauer and Dr Anthony Murphy
The ‘January, April and December Effect’ in the UK Stock Market by Richard Priestley
Mad Cows and Englishmen: Public Overreaction to High Profile Risks by Professor Kip Viscusi
Guessing What Other People Will Do: The ‘Beauty Contest’ Game by Professor John Duffy and Rosemarie Nagel
       
The Economics of Happiness:
Does Economic Progress Make Us Any Happier? by Professor Andrew Oswald
A Progressive Consumption Tax Would Make Us All Happier by Professor Robert Frank
Increasing Public Spending to Promote Happiness by Professor Yew-Kwang Ng
       
Investment by Foreign Companies: The Impact on Growth and Jobs
Overvalued Sterling Threatens UK Gains from Foreign Investment by Rayl Barrell and Nigel Pain
High-Tech Multinationals and the Rise of the Celtic Tiger by Dr Frank Barry and Professor John Bradley
The Effects of Foreign Investment on Jobs Back at Home by Professor Magnus Blomström, Gunnar Fors and Dr Robert Lipsey
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SEPTEMBER 1997:
 
The Economics of Carrots and Sticks: James Mirrlees’ Nobel Prize Lecture
Macroeconomic Forecasting and Policy: How to Get it Right by David Hendry
Encouraging Lone Mothers to Work: The Incentives of Family Credit by Ian Walker and Paul Bingley
How Firms Set Prices: New UK Evidence by Chris Martin
Global Gains from Trade: The Huge Benefits of the Uruguay Round by Glenn Harrison, Thomas Rutherford and David Tarr
       
Policy Forum: Competitiveness and Competitiveness Policy
Falling Behind Our Competitors: The Need for Active UK Competitiveness Policy by Christine Oughton
The Myths of Japanese Industrial Policy by Ali El-Agraa
       
Controversy Section: The Source and Measurement of Technical Change
What Really Drives Technological Change, the Motor of Economic Growth? by Vernon Ruttan, Gavin Wright, Giovanni Dosi and William Nordhaus
Are We Seriously Overestimating Increases in the Cost of Living? by William Nordhaus
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JULY 1997:
 
The Spread on German Interest Rates: Why Some Bonds Pay More than ‘Bunds’ - by Carlo Favero, Francesco Giavazzi and Luigi Spavanta
Undervaluing Future Dividends: Short-Termism in the UK Stock Market - by Simon Hayes, Keith Cuthbertson and Dirk Nitzsche
National Champions and Corruption: The Unpleasant Side-Effects of Intervention - by Alberto Ades and Rafael Di Tella
Trust Pays: How Direct Democracy Can Discourage Tax Cheats - by Bruno Frey
The Future Tax-Raising Potential of North Sea Oil Revenues - by Lei Zhuang
       
Policy Forum: UK Macroeconomic Policy after Black Wednesday
Serious Flaws in the Post-ERM Monetary Policy Arrangements - by David Cobham
The Problem of UK Fiscal Policy: Spending has Swollen the Budget Deficit - by Nigel Pain, Martin Weale and Garry Young
Exchange Rate Policy: Sterling’s Value Matters But Not Above Everything Else - by Simon Wren-Lewis
       
Controversy: The Foundations of Monetary Policy-Making
The Demand for Money: A Re-Established Policy Guide? - by David Laidler, Keith Cuthbertson and Paul Mizen    
The Failure of Central Banks to Adopt Modern Measures of Money - by William Barnett
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MAY 1997:
 
Efficiency in UK Manufacturing Companies: The Difference Competition Makes
Global Warming: Why a ‘Wait-and-See’ Policy May be Better than Action Today
The Changing Impact of Trade Unions on Corporate Profitability
Putting Boulders Not Just Grains of Sand in the Wheels of International Finance
       
Policy Forum: The Economics of Higher Education:
UK Higher Education Meets the Market
How to Make Significant Cost Savings in UK Universities
Income Contingent Charges for Higher Education: Lessons from Australia
       
Controversy: What’s the Link Between Financial Markets and Economic Growth?:
The Growth Benefits of Financial Liberalisation and Fiscal Reform
Stock Markets: Why Capitalism May Flourish Without Their Dominance
Growth: The Effects of Banking Crises, Volatility and Financial Repression
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MARCH 1997:
 
Dramatically Rising Inequality in the UK: Causes and Consequences
The Wages of Black and White Immigrants in the UK
Corporate Earnings Forecasts: The Poor Performance of City Analysts
The Strange Relationship between Price and Quality in Bordeaux Wine
The Growth of Self-Employment and its Impact on Income Inequality
Chain Formation in the Owner-Occupied Housing MarketJob Insecurity and the Length of the Working Week
Job Insecurity and the Length of the Working Week
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JANUARY 1997:
 
The Impact of Income Insecurity on Household Saving and Spending
The Persistence of Poverty and Affluence Across Generations in the UK
Job Responsibility, Pay and Promotion: An Idea for Effective Packages
R&D Spillovers: Benefits to the South from Knowledge in the North
Racetrack Betting: How the Average Punter Loses Out to Insider Traders
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