Contents:

• European Issues:
• The Implications of a Single European Currency and Monetary Policy: Prospects and Policy Issues (N C Garganas)
• The Degree of Convergence Within the EMS (S G Hall et al.)
• Is the Bundesbank Different from Other Central Banks? (M Funke & S G Hall)
• Testing for Purchasing Power Parity and Interest Rate Parities on Norwegian Data (A S Jore et al.)
• Large Econometric Models for the Period of Transition (The Polish Case) (W Welfe)
• Environmental Issues:
• International Aspects of Carbon Taxation (R K Kaufmann & P Pauly)
• Long-Term Impacts of Carbon Taxes on Global Environment and Growth (S Shishido)
• Macroeconomic Impacts of CO₂ Reduction Policies (H Glueck & S P Schleicher)
• Development Economics:
• Industrial Policy in Korea: Past Experiences and Future Directions (O-S Hyun)
• The Pursuit of New Economic Diplomacy: Economic Cooperation Between Korea and Russia (O-S Hyun)
• South–North Investment by Developing Countries in the EC: A Sign of the Emergence of New Investors (S Page)
• Economic Cooperation in Asia: NIEs and ASEAN (M Toida)
• Statistical and Econometric Methodology:
• The Treatment of Expectations Effects in Large Scale Models (S G Hall & A Garratt)
• Some Comments and Proposals on the Statistical Infrastructure and Regional Information System for the Black Sea Economic Cooperation (BSEC) Countries (O Güvenen)
• A Monthly Econometric Model for Turkey, January 1981 – June 1991 (S Özmucur)
• SAM-Based Short-Term Forecasting Model for a Small Developing Oil Economy: The Congo (J K Thisen)
• Pricing to Market: Exploring New Export Price Equations for the LINK Model (B Gangnes et al.)