Part I. Financial Issues in Open Economies: Theory: 1. Crises: the next
generation? Paul Krugman; 2. Solutions to the 'devaluation bias': some
preventive measures to defend fixed exchange rates against self-fulfilling
attacks Chi-Wa Yuen; 3. Growth enhancing effects of bailout guarantees
Aaron Tornell; 4. Risk and exchange rates Maurice Obstfeld and Kenneth S.
Rogoff; Part II. Financial Issues in Open Economies: Empirics: 5. Economic
integration, industrial specialization, and the asymmetry of macroeconomic
fluctuations Sebnem Kalemli-Ozcan, Bent E. Sorenson and Oved Yosha; 6.
Uncovered interest parity in crisis: the interest rate defense in the 1990s
Robert P. Flood and Andrew K. Rose; 7. When does capital account
liberalization help more than it hurts? Carlos Arteta, Barry Eichengreen
and Charles Wyplosz; 8. Sources of inflation in developing countries
Prakash Loungani and Phillip Swagel; Part III. Economic Growth: Theory and
Empirics: 9. Growth effects and the cost of business cycles Gadi Barlevy;
10. Explaining economic growth Yair Mundlak; Part IV. Public Economies: 11.
Simulating fundamental tax reform in the United States David Altig, Alan J.
Auerbach, Laurence J. Kotlikoff, Kent A. Smetters and Jan Walliser; 12. The
international macroeconomics of taxation and the case against European tax
harmonization Enrique G. Mendoza; 13. Home bias in portfolios and taxation
of asset income Roger H. Gordon and Vitor Gaspar; 14. Social dumping in the
transformation process; Part V. Political Economy: 15. Do political
institutions shape economic policy? Torsten Persson.
