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Economic Policy 58


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.

The Managing Editors of Economic Policy:

Giuseppe Bertola is Professore Ordinario di Economica Politica, Facolta di Scienze Politiche, Universita di Torino.

Tullio Jappelli is CSEF Director and Professor of Economics at the University of Naples Federico II.

Philippe Martin is Professor at the Université Paris-1 Panthéon Sorbonne and CERASENPC and a Research Fellow at CEPR.

Jan van Ours is Professor of Economics at Tilburg University and Professorial Fellow at Melbourne University.

The Senior Editors of Economic Policy:

Georges de Menil works at the Delta Ens, France.

Richard Portes lectures in the Department of Economics, London Business School.

Hans-Werner Sinn is based at the Centre for Economic Studies, University of Munich.

Editors’ Introduction.

1. What drives spreads in the euro area government bond market?: Simone Manganelli and Guido Wolswijk.

2. Financial integration, capital mobility, and income convergence: Abdul Abiad, Daniel Leigh and Ashoka Mody.

3. The political economy under monetary union: has the euro made a difference?: Marcel Fratzscher and Livio Stracca.

4. Job protection legislation and productivity growth in OECD countries: Andrea Bassanini, Luca Nunziata and Danielle Venn.