Monetary union has become a virtual certainty, and it is going to start operating when the European Council on May 1-3, 1998 selects the presumably eleven participants and announces the bilateral exchange rates at which they will enter. The tomaticity provided by a time table has been crucial....

A cointegration/codependence analysis of monthly production and price indices in EU member states during the 1983-1994 period yields evidence that responses to cyclical innovations become coordinated after three months, and that each of the contries studied exhibit a business cycle in one of...

This paper presents results of an empirical study of emission banking for light-duty vehicle manufacturers. An intertemporal model of manufacturers' choices is combined with econometrically estimated abatement cost functions to simulate the cost savings and emission effects of an averaging,...

An unbounded Section 5 case will never be sustained by a reviewing court. Robert H. Lande & Jonathan L. Rubin