The Making of Economic Policy begins by observing that most countries' trade policies are so blatantly contrary to all the prescriptions of the economist that there is no way to understand this discrepancy except by delving into the politics. The same is true for many other dimensions of...

Transatlantic policy coordination with sticky labour markets : the reality of the real side / A.J. Hughes Hallett and Yue Ma -- Discussion / Nouriel Roubini -- Foreign exchange intervention and international policy coordination : comparing the G3 and EMS experience / Axel A. Weber -- Discussion...