ECONOMIC POLICY 48

• Brings together top economists and policy experts to provide a concise and accessible evaluation of major developments in trade and trade policy.
  
• Examines the 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.
  
• Each paper is discussed by a panel of distinguished international economists; a unique approach guaranteeing incisive debate and alternative interpretations of the evidence.

Richard Edward Baldwin is Professor of International Economics at the Graduate Institute of International Studies, Geneva.

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

Paul Seabright is Professor of Economics at Université des Sciences Sociales de Toulouse, a Director of Research at the Institut d'Economie Industrielle and a Research Fellow at CEPR.

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.

2. Twin deficits: squaring theory, evidence and common sense: Giancarlo Corsetti and Gernot J. Müller.

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.