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ECONOMIC POLICY 20 YEARS
Economic Policy celebrated its 20th anniversary in 2006. To mark the occasion we are pleased to offer you free access to 4 specially commissioned retrospectives on the role that theory and evidence has played in shaping policy during the journal's lifetime.
European Unemployment - The Evolution of Facts and Ideas Olivier Blanchard
Olivier Blanchard's paper deals with European unemployment problems and solutions, painting a very clear but suitably nuanced picture of the bright and darker portions of our understanding of labour market problems' causes and solutions...
EMU: The Dark Sides of a Major Success Charles Wyplosz
This paper by Charles Wyplosz - one of the founding Managing Editors of Economic Policy- revisits and evaluates six years of experience with the euro. He examines the debates and controversies surrounding the new currency, with a particular eye to the impact of economic theory on events. He focuses on three key issues: the famous Maastricht convergence criteria, the Stability and Growth Pact, and the European Central Bank's monetary policy strategy...
The International Monetary System in the Last and Next 20 years Barry Eichengreen and Raul Razo-Garcia
The international monetary system is a policy topic that continues to throw up unexpected and unexplained challenges to policy-makers as it has evolved dramatically over the past two decades. After a string of failed monetary arrangements, Europe set up a successful exchange rate stabilization system in the late 1970s - the European Monetary System - or at least so it was viewed before the exchange rate crisis of the mid-1990s...
Antitrust Policy: the Influence of Economics Damien Neven
In the last of the four papers specially commissioned for the 20th anniversary of Economic Policy, Damien J. Neven seeks to assess the influence that economic analysis has had on competition policy in the European Union over the last twenty years. Economists are increasingly used as experts in antitrust cases: the annual turnover of the main economic consultancy firms has increased by a factor of 20 since the early 1990s and currently exceeds £20 million...
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