This issue includes the following:

‘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)

‘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)

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

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