Economists have concerns about the firing cost implications of mandated severance plans. Analysis reveals that predicted severance plan consequences depend critically on the precise structure of the plan. Whether governments mandate (i) severance insurance plans or (ii) severance savings plans...

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...