Contents of Volume 18 Part 2 (September) Economic Issues

A M Kedir, Schooling, BMI, Height and Wages: Panel Evidence on Men and Women.

K Elmawazini and S Nwankwo, Globalisation and Income Gap between Rich and Poor Nations.

T Sharpe and M Watts, Unconventional Monetary Policy in the UK: A Modern Money Critique.

Y Tan and C Floros, Market power, stability and performance in the Chinese banking industry.

J M Andraz and N M Norte, Output volatility in the OECD: Are the member states becoming less vulnerable to exogenous shocks?

S C Dow, Foundations for new economic thinking: a collection of essays.

Charles Whalen (ed.), Financial Instability and Economic Security after the Great Recession.

R Layard and S J Nickell, Combatting Unemployment.

W Lazonick and D J Teece (eds), Management Innovation: Essays in the Spirit of Alfred D. Chandler Jr.

Claudio Sardoni, Unemployment, Recession and Effective Demand: The Contributions of Marx, Keynes and Kalecki.

John Eatwell and Murray Milgate, The Fall and Rise of Keynesian Economics.

Contents of Volume 18 Part 1 (March) Economic Issues

S Pressman, Justice and History: the big problem of Wilt Chamberlain.

A H Ahmad, N Aziz and S Rummun, Interest Rate Pass-through in the UK: Has the Mechanism Changed during the Financial Crisis?

E Makedonas and S Tsopoglou, Does Accounting for Foreign Capital Flows Help to Solve the Feldstein and Horioka puzzle? The Case of Norway.

B Philp and D Wheatley, European Work Time Regulation, Surplus-Value and Underemployment among Full-Time Employees: A Cross-Sectional Analysis using the 2009 EU LFS.

T Frankel, The Ponzi Scheme Puzzle: A History and Analysis of Con Artists and Victims.

M Jerven, Poor Numbers: How We Are Misled by African Development Statistics and What to Do about It.

S Altmann and Z F Zimmermann (eds.), Inside the Firm: Contributions to Personnel Economics — P Lazear

Contents of Volume 17 Part 2 (September) Economic Issues


R Guest and A J Makin. Fiscal stimulus: an overlapping generations analysis.

J Morgan and I Negru. The Austrian perspective on the global financial crisis: a critique.

B Al-Najjar and Y Belghitar. The information content of cashflows in the context of dividend smoothing.

A Des’ Adom. Beyond the CFA Franc: an empirical analysis of the choice of an exchange rate regime in the UEMOA.

H Sintim-Aboagye, C Chakraborty, S Byekwaso. Uncertainty of inflation and inflation rate: Does credibility of inflation policy matter?


P E Auerswald. The Coming Prosperity: How Entrepreneurs are Transforming the Global Economy.

E Engelen, I Ertürk, J Froud, S Johal, A Leaver, M Moran, A Nilsson, K Williams. After the Great Complacence: Financial Crisis and the Politics of Reform.

James K. Galbraith. Inequality and Instability.

S Acharya and R Mohan. India’s Economy: Performance and Challenges. Essays in Honour of Montek Singh Ahluwalia.

D Shannon, A Nocella, J Asimakopoulos. The Accumulation of Freedom. Writings on Anarchist Economics.

Paper of the Month: The Discount Rate in Environmental Cost-Benefit Analysis

The Discount Rate in Environmental Cost-benefit Analysis (p.39)

by A Heesterman

Abstract: Environmental cost-benefit analysis compares an assessment the benefit of the abatement or containment of a particular form of environmental damage with the cost of the measures needed to attain that abatement or containment. It is in that context, as with other applications of cost-benefit analysis, usual to apply a discount rate. A number of relatively recent textbooks in environmental economics suggest that general economic theory provides a clear and well-established benchmark as to what this discount rate should be: some kind of ‘average’ of the market rate of interest. There are questions about that assertion in general. Our focus in this paper relates to a more specific problem: the relative scarcity of environmental resources in comparison to produced goods. A specific framework of analysis is offered in that context.

Economic Issues, Volume 9, Part 1.

Full text pdf available at:

Paper of the Month: What is the EMU Effect on the UK’s Exports to Eurozone Countries?

Our first paper of the month focuses on the UK’s export trade with the Eurozone:

What is the EMU Effect on the UK’s Exports to Eurozone Countries? (p.17)

by K Aristotelous

Abstract: This paper investigates the EMU effect on the UK’s exports to eurozone countries, using pooled data from 1981-2006 between the UK and all EU members at the time when the euro was launched. The results show that EMU led to a decrease in the UK’s exports to the countries that adopted the euro as their national currency. That decrease is statistically different from zero.

Economic Issues, Volume 15, Part 1

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Contents of Volume 17 Part 1 (March 2012) Economic Issues

Volume 17, Part 1, March 2012


P Gordinho. Can abnormal returns be earned on bandwidth bounded currencies? Evidence from a genetic algorithm.

T Hinks and A KatSaros. The smoking ban and life satisfaction: evidence from the UK.

R W Bailey. Human economists and abstract methodology.

B Harrison and W Moore. Stock Market Efficiency, non-linearity, thin trading and asymmetric information in MENA stock markets.


Frank A Cowell. Measuring Inequality.

Paul G Farnham. Economics for Managers.

Edwina A Thompson. Trust is the Coin of the Realm: Lessons from the Money Men in Afghanistan.

Darrell Duffie. Measuring Corporate Risk.