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MEDIA BRIEFINGS
The Economic Journal 1998

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November 1998
September 1998
July 1998
May 1998
March 1998
January 1998

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 1998
This issue includes the following:
	Standard Measures of Literacy Ignore its Distribution across Households
	Staying in Power: The Often Successful Electoral Politics of Extreme Policies
	Noise Traders' Drive Fluctuations in the Foreign Exchange Markets
	Paul Krugman on What Economists Do
	Policy Forum: The New Monetary Policy Framework in the UK

Sir Alan Budd on the Role and Operations of the Monetary Policy Committee:
	Will the Bank Pursue Inflation Stability at the Expense of High Output Volatility?
	Inflation Targets: Lessons for the European Central Bank from the UK Experience

SEPTEMBER 1998:
Among the topics discussed in the January 1999 issue:
	Lowering Prices Charged by the Privatised Utilities: 'Output Floor' Regulation Would be More Effective Than RPI-X
	Strategies for Reducing Corruption and Increasing Investment and Growth
	Globalisation Means Rising Inequality in the Rich Countries
	Globalisation and New Technology: If the Unskilled are the Victims, These are the Villains
	Public Policy Can do Little for the Unskilled
	Trade with Low Wage Economies: The Impact on UK Jobs, Wages and Productivity
	Trade Liberalisation is Good for Growth - and Protection is Unquestionably Bad
	Open Economies are Much Richer

JULY 1998:

	How to Get High Quality Public Health Services at Reasonable Cost
	Why EMU Will Work - Even if it Looks Like a Bad Idea in Advance
	Assessing the Threat of Major Exchange Rate Realignments
	The Determinants of UK Business Cycles
	Standard Measures of Barriers to Trade are Seriously Flawed
	Will Preferential Agreements Undermine the Global Trading System?

MAY 1998:

	‘Are Women Less Selfish than Men?’ by Catherine Eckel (National Science Foundation and Virginia Polytechnic and State University) and Philip Grossman (University of Texas at Arlington)
	‘Did the Forced Selling-off of Brewery-owned Pubs Raise Beer Prices?’ by Professor Margaret Slade (University of British Columbia, Canada)
	‘Rival Telecommunications Networks and the Cost of a Phone Call’ by Mark Armstrong (Nuffield College, Oxford)
	‘Tax Evasion and ‘Cash Cow’ Taxation Systems’ by Professor John McLaren (Columbia University, New York)
	‘The Sacrifice Ratio: How Big an Output Drop to Reduce Inflation’ by Professors Michael Hutchison and Carl Walsh (University of California, Santa Cruz)

Controversy: The Economics of Unemployment in the OECD Countries
	‘How Can We Reverse the Rise in OECD Unemployment Since the 1970s?’ by Professor Edmund Phelps (Columbia University) and Gylfi Zoega (Birkbeck College, London)
	‘On which Labour Market Institutions should Unemployment Policy Focus?’ by Professor Stephen Nickell (Oxford University)
	‘After the Natural Rate: ‘Chain Reaction’ Theory and Labour Market Flexibility’ by Marika Karanassou (Queen Mary and Westfield College, London) and Professor Dennis Snower (Birkbeck College, London)
	‘The Impact of Interest Rates and Public Spending on Unemployment’ by Jakob Madsen (University of Western Australia)
	‘Return to the Golden Age? Reforming the International Financial System’ by Professor Paul Davidson (University of Tennessee, Knoxville)

Other papers include Jonathan Thomas of University College London on the role of selective job search in UK unemployment, and Sebastian Edwards of UCLA on inflation and currency crises.

MARCH 1998

	Training on the Job: How Trade Unions Overcome Corporate Under-Investment by Alison Booth and Monojit Chatterji
	Privatising Pensions: The Likely Cost for This and Future Generations by Alessandra Casarico
	The Potential Gains from Reducing Inflation Even Further by Jagjit Chadha, Andrew Haldane and Norbert Janssen
	Open Trading Countries Reap Productivity Growth Benefits by Sebastian Edwards
	The Negative Impact of House Owner-Occupation on Labour Market Flexibility by Andrew Henley
	EU Trade Measures Against Foreign Producers: The Cost to Consumers by Tim Lloyd, Oliver Morrissey and Geoffrey Reed
	The Advantage of Letting the Bank of England Set the Inflation Target by Anton Muscatelli

Media briefings on these papers are attached. Other papers include:

Men Without Children: Welfare and the Failure of the Family in America by George Akerlof (University of California, Berkeley)
Economic Policy and Special Interest Politics by Torsten Persson (Stockholm University)

JANUARY 1998

Topics covered in this issue include:
	Death and the Policy-Maker: Mortality as an Indicator of Economic Success and Failure by Amartya Sen
	The Inequality Myth: Post-War Stability in the International Distribution of Income by Hongyi Li, Lyn Squire and Heng-fu Zou
	Location, Location, Location: The Economics of Revival in Lower Manhattan by Andrew Caplin and John Leahy
	Inflation Stabilisation and the Boom-Bust Cycle of Consumer Durables by José De Gregorio, Pablo Guidotti and Carlos A. Végh
	Securing Full Employment: Keynesian Economic Policies for the New Millennium by Philip Arestis and Malcolm Sawyer

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