Volume 48 · March/April 2013 · Number 2

Editorial

Carbon Tax: Still the Best Way Forward for Climate Policy

Richard S. J. Tol

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Forum

Convergence in the EU

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

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Articles

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

Daniel Gros

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

Phedon A. Nicolaides

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What Can Sector Accounts Tell About the Financial Crisis?

Gunther Tichy

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

Andy Hira

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Growth Model of the New Member States: Challenges and Prospects

Andrea Elekes, Peter Halmai

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Letter from America

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

Daniel S. Hamermesh

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