Fiscal expansions and adjustment in OECD countries, Alberto Alesina and Roberto Perotti; "crossing the river" - a comparative perspective on Italian employment dynamics, Giuseppe Bertola and Andrea Ichino; probabilistic voting power in the EU Council - the cases of trade policy and social regulation, Mika Widgren and Alan Kirman; exchange market mayhem - the antecedents and aftermath of speculative attacks, Barry Eichengreen et al; European industrial policy - the Airbus case, Paul Seabright and Damien Neven.