Volume 50
May/June 2015 · Number 3

Editorial

• Why This Time Is Different for Ukraine

  Erik Berglof

Forum

• Which Industrial Policy Does Europe Need?

  Mario Cimoli, Giovanni Dosi, Michael A. Landesmann, Mariana Mazzucato, Tim Page, Mario Pianta, Joseph E. Stiglitz, Rainer Walz

Articles

• Jobs and Competitiveness in a Polarised Europe

  Valeria Cirillo, Dario Guarascio

• Should Central Banks Manage the Exchange Rate?

  Thomas Straubhaar

• Did the ECB Overstep Its Mandate? Assessing Deflationary Risks in the Euro Area

  Ulrich Fritsche, Artur Tarassow

Letter from America

• The QE Trap

  Allan H. Meltzer