Lars Calmfors (Ph.D. Stockholm School of Economics, 1978) is Professor of International Economics at the Institute for International Economic Studies, Stockholm University. He is presently Chairman of the Scientific Council of the Centre for Business and Policy Studies in Stockholm and a member of the Board of the Royal Swedish Academy of Sciences, the Committee for the Prize in Economic Sciences in Memory of Alfred Nobel, the Academic Advisory Board of the Anglo-German Foundation, and the Advisory Board of Praxis in Tallinn. He was the Chairman of the Economic Council of Sweden 1993–2002 and of the Swedish Government Commission on the EMU 1995–96, the Director of the Institute for International Economic Studies at Stockholm University 1995–97, and a member of the Council of the European Economic Association 1991–96, the Scientific Council of the Swedish National Labour Market Board 1991–97, the Office of Labour Market Policy Evaluation in Sweden 1997–2004, and the Swedish Government Commission on Stabilisation Policy in the Event of EMU Membership 2000–02. He has published extensively in the fields of wage bargaining and trade union behaviour, macroeconomic policy, EMU and monetary regimes, labour market policy and the effects of working-time reductions. His current research is on nominal wage flexibility and macroeconomic regimes, institutional design for fiscal policy, the determination of working time, and the wage and employment effects of globalisation under different wage-setting conditions.
Lars Calmfors Institute for International Economic Studies Stockholm University Universitetsvägen 10 A 106 91 Stockholm Sweden lars.calmfors@iies.su.se
Giancarlo Corsetti (Ph.D.Yale, 1992) is Pierre Werner Chair and Professor of Economics at the European University Institute of Florence. He has taught at the Universities of Rome, Yale and Bologna. He is a fellow of CESifo, CEPR and Ente Einaudi in Rome, and has been a regular visiting professor at the Bank of Italy, the European Central Bank, the Federal Reserve Bank of New York and the International Monetary Fund. His main field of interest is international economics and policy analysis. His articles have appeared in the Brookings Papers on Economic Activity, Economic Policy, European Economic Review, Journal of International Economics, Journal of Monetary Economics, Quarterly Journal of Economics, and the Review of Economic Studies, among others. His contributions include general equilibrium models of the international transmission for the analysis of optimal monetary policy; studies of the European currency turmoil in 1992–93 and the currency and financial crises in South East Asia; and models of the fiscal and financial roots of exchange rate instability. On EMU-related issues, he has contributed a critique of the Treaty of Maastricht and an analysis of the launch of the euro. He is currently co-editor of the Journal of International Economics, associate editor of the Journal of the European Economic Association, and serves in the Economic Policy panel.
Giancarlo Corsetti Robert Schumann Centre for Advanced Studies Via dei Rocettini 9 50016 San Domenico di Fiesole Italy giancarlo.corsetti@iue.it personal homepage: www.iue.it/Personal/corsetti
Seppo Honkapohja (D.Soc.Sc., University of Helsinki, 1979) joined the University of Helsinki, Finland, in 1992 as professor of economics and is currently Professor of International Macroeconomics at the University of Cambridge. From 1987–91 he was professor of economics at the Turku School of Economics and Business Administration. He held visiting appointments at Harvard University (1978–79), Stanford University (1982–83) and the University of Oregon (Spring 1999). Honkapohja is a member of Academia Europaea, of the Finnish Academy of Science and Letters, a fellow of the Econometric Society and of the European Economic Association, and a member of the Executive Committee of the European Economic Association. Major publications include Learning and Expectations in Macroeconomics (2001) with George W. Evans; The Swedish Model under Stress: A View from the Stands, (both in Swedish and English; 1997) with Thorvaldur Gylfason, Torben Andersen, Arne Jon Isachsen and John Williamson; Macroeconomic Modelling and Policy Implications (1993) editor with Mikael Ingberg; The State of Macroeconomics (1990) editor; Frontiers of Economics (1985,) editor with Kenneth J. Arrow; as well as numerous articles in international refereed journals and collected volumes.
Seppo Honkapohja Faculty of Economics University of Cambridge Sedgwick Avenue, Cambridge, CB3 9DD United Kingdom seppo.honkapohja@econ.cam.ac.uk
John Kay (M.A. University of Edinburgh, Oxford University, F.B.A.) is a Fellow of St John’s College, Oxford and Visiting Professor at the London School of Economics. He has been Director of the Institute for Fiscal Studies, Chairman of London Economics, a director of several public companies, and has held chairs at the London Business School and Oxford University. His research interests are public finance and industrial organisation. Selected articles include “Vertical Restraints in European Competition Policy”, European Economic Review (1990), “The Deadweight Loss from a Tax System”, Journal of Public Economies (1980), “Uncertainty, Congestion and Peak Load Pricing”, Review of Economic Studies (1979), “A Policy in Search of a Rationale”, Economic Journal (1986). Among his numerous book publications are The British Tax System, with Mervyn King (1990); Foundations of Corporate Success (1973); The Business of Economics (1996), The Truth about Markets (2003) and Everlasting Light Bulbs (2004). In addition he has been writing a regular column in the Financial Times since 1995.
John Kay johnkay.com Ltd PO Box 4026 London W1A 6NZ United Kingdom
Gilles Saint-Paul (Ph.D. Massachusetts Institute of Technology, 1990) is Professor of Economics at the University of Toulouse, GREMAQ-IDEI. He was researcher at DELTA and CERAS, Paris, 1990–1997, and professor at Universitat Pompeu Fabra, Barcelona, 1997–2000. He is a fellow of CEPR, CESifo and IZA. His research interests are economic growth, income distribution, political economy, labour markets, unemployment, and fiscal policy. Selected publications include “Some evolutionary foundations for price level rigidity”, American Economic Review (2005); “The Political Economy of Employment Protection”, Journal of Political Economy (2002); The Political Economy of Labour Market Institutions (OUP, 2000); Dual Labor Markets. A Macroeconomic Perspective (MIT Press, 1996).
Hans-Werner Sinn Hans-Werner Sinn is Professor of Economics and Public Finance at the University of Munich (LMU) and President of the Ifo Institute for Economic Research. He is also runs the University’s Center for Economic Studies (CES) and the CESifo Research Network. Sinn has been a member of the Council of Economic Advisors to the German Ministry of Economics since 1989 and a member of the Bavarian Academy of Science since 1996. He holds an honorary doctorate from the University of Magdeburg (1999) and an honorary professorship at the University of Vienna. He taught at the University of Western Ontario and held visiting fellowships at the University of Bergen, the London School of Economics, Stanford University, Princeton University, Hebrew University and Oslo University, and he has been a fellow of the NBER since 1989. He received the first university prizes for his dissertation and habilitation theses as well a number of other prices and awards from various institutions including the international Corinne Award for his recent best seller on Germany’s economic problems. In 1999 he gave the Yrjö-Jahnsson Lectures, in 2000 the Stevenson Lectures, in 2004 the Tinbergen Lectures and in 2005 the World Economy Annual Lecture at the University of Nottingham. From 1997 to 2000 he was president of the German Economic Association, and he has been elected president of the International Institue of Public Finance (IIPF). His fields of interest include the economics of transition, risk and insurance, natural resources, monetary trade theory and public finance. In these areas he has published more than 100 scholarly articles, a number of scientific comments, more than 100 policy articles, and numerous interviews and newspaper articles. He has published 10 monographs with 25 editions in six languages. They include titles such as Economic Decisions under Uncertainty, Capital Income Taxation and Resource Allocation, Jumpstart – The Economic Unification of Germany, or, most recently, The New Systems Competition.
Jan-Egbert Sturm (Ph.D. University of Groningen, 1997) is Professor of Applied Macroeconomics at the Swiss Federal Institute of Technology, Zurich, (ETH), in the Department of Management, Technology and Economics as well as Director of the Swiss Institute for Business Cycle Research (KOF) at the ETH. He was researcher at the University of Groningen, the Netherlands, until 2001, and taught as visiting professor at the School of Business, Bond University, Gold Coast, Australia, 2000 and 2005. As Head of the Department for Economic Forecasting and Financial Markets at the Ifo Institute for Economic Research, he was also Professor of Economics at the University of Munich (LMU), Center for Economic Studies (CES), 2001-2003. He held the Chair of Monetary Economics in Open Economies at the University of Konstanz, Germany, which was coupled with the position of Director of the Thurgau Institute of Economics (TWI) in Kreuzlingen, Switzerland, 2003-2005. In his research, Jan-Egbert Sturm relies heavily on empirical methods and statistics, concentrating on monetary economics, macroeconomics as well as political economy. His applied studies have focused on economic growth and central bank policy. He has published several books and contributed articles to various anthologies and internationally renowned journals including Applied Economics, Empirical Economics, European Journal of Political Economy, German Economic Review, Journal of Banking and Finance, Journal of Macroeconomics, Kyklos, Public Choice, Scandinavian Journal of Economics. Jan-Egbert Sturm headed the Ifo research team at the Joint Analysis of the Six German Economic Research Institutes, 2001-2003. Since 2001 he has been a member of the CESifo Research Network and since 2003 Research Professor at the Ifo Institute.
Jan-Egbert Sturm ETH Zurich – Swiss Institute of Technology KOF – Swiss Institute for Business Cycle Research Weinbergstr. 35, WEH 8092 Zurich Switzerland sturm@kof.ethz.ch
Xavier Vives (Ph.D. in Economics, UC Berkeley) is professor at IESE Business School, senior researcher at ICREA-UPF (on leave), and Professor of Economics and Finance and The Portuguese Council Chaired Professor of European Studies at INSEAD (on leave). He is a member of the Economic Advisory Group on Competition Policy at the European Commission, and of the Steering Committee of the Association for Competition Economics, 2003–. Research fellow of the Center for Economic Policy Research, where he served as Director of the Industrial Organization Program in 1991-1997. He is also a member of the European Academy of Sciences and Arts, a fellow of the European Economic Association (2004), and a fellow of the Econometric Society since 1992 and elected member of its Council 2006–. He was Director of the Institut d'Anàlisi Econòmica (CSIC) in 1991–2001 and has taught at Harvard University, Universitat Autònoma de Barcelona, Universitat Pompeu Fabra, the University of California at Berkeley, the University of Pennsylvania, and New York University. His fields of interest are industrial organization and regulation, the economics of information, and banking and financial economics. He has published in major international journals and, amongst other books, is the author of Oligopoly Pricing: Old Ideas and New Tools (MIT Press, 1999), editor of Corporate Governance: Theoretical and Empirical Perspectives (CUP, 2000), and co-editor of Capital Markets and Financial Intermediation (CUP, 1993). He has been editor of leading international academic journals and currently he is editor of the Journal of the European Economic Association, and co-editor of the Journal of Economics and Management Strategy. His current research interests include dynamic oligopoly pricing, banking crisis and regulation, information and financial markets, competition policy, and the location of headquarters. He has received several research prizes: Premio Juan Carlos I in 1988; the Societat Catalana de Economia prize in 1996; the Narcís Monturiol medal in 2002 and the Premi Catalunya d’Economia in 2005.
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