This paper builds on the discussion paper published by HM Treasury in 2003 alongside the UK Government’s assessment of the case for EMU entry. The paper considers the potential for fiscal policy to play a greater role in stabilisation policy if the UK were inside EMU. The paper considers: the...

Galley (Chris), Woods (Robert). - Reflections on the distribution of deaths in the first year of life This article reexamines the thesis first put forward by Jean Bourgeois-Pichat according to which the distribution of deaths in the first year of life is governed by a universal law. An...

This paper considers the various problems of estimation and interpretation associated with late-fetal (stillbirth) mortality. It reviews the World Health Organization report on Neonatal and Perinatal Mortality (2006) and explores the methods used to derive stillbirth rates for countries lacking...

Combining economic and political science perspectives, this timely and important book describes and analyses the circumstances and events leading to the demise and subsequent reform of the Stability and Growth Pact (SGP).

The new fiscal and expenditure policy framework adopted in the United Kingdom in 1997 included clear fiscal rules and a reformed system of budgetary controls and capital appraisal procedures. These macro and micro reforms allowed the historic shortfall in public investment to be addressed. This...

Historians and demographers have long debated the existence, causes, and consequences of historical differences between urban and rural mortality levels. In Europe it has been usual to observe excess mortality in cities compared to the countryside, but in East Asia, by contrast, it has been...

Subsidies to the performing arts are usually justified by reference to externality and public goods arguments that are hard to quantify. We suggest that subsidies to theatres may be appropriate because of their inability to engage in spatial price discrimination to capture consumer surplus. For...