Volume 48
March/April 2013 · Number 2

Editorial

• Carbon Tax: Still the Best Way Forward for Climate Policy

  Richard S. J. Tol

Forum

• Convergence in the EU

  Annette Bongardt, Carsten Hefeker, Christoph Hermann, Francisco Torres, Pierre Wunsch

Articles

• Banking Union with a Sovereign Virus: The Self-serving Treatment of Sovereign Debt

  Daniel Gros

• The Economics of Subsidies for R&D: Implications for Reform of EU State Aid Rules

  Phedon A. Nicolaides

• What Can Sector Accounts Tell About the Financial Crisis?

  Gunther Tichy

• Irrational Exuberance: An Evolutionary Perspective on the Underlying Causes of the Financial Crisis

  Andy Hira

• Growth Model of the New Member States: Challenges and Prospects

  Andrea Elekes, Peter Halmai

Letter from America

• President Obama and the Minimum Wage – A Politico-economic Bargain

  Daniel S. Hamermesh