Economic Policy 48

Top economists provide a concise and accessible evaluation of major developments in trade and trade policy. Examination of key issues pertinent to the multinational trading system, as well as regional trade arrangements and policy developments at the national level. Provides up-to-date assessments of the World Trade Organization's current Trade Policy Reviews.

1. Editors' introduction. 2. Twin deficits: squaring theory, evidence and common sense: Giancarlo Corsetti and Gernot J. Muller. Discussant: Anne Sibert. 3. Trade spill--overs of fiscal policy in the European Union: a panel analysis: Roel Beetsma, Massimo Giuliodori and Franc Klaassen. Discussant: Volker Wieland. 4. Can budget institutions counteract political indiscipline?: Stefania Fabrizio and Ashoka Mody. Discussants: Giancarlo Corsetti and Jonathan R.W. Temple. 5. Competition economics and antitrust in Europe: Damien J. Neven. Discussants: John Vickers and Diane Coyle.