Economic Policy 60

The Senior Editors of Economic Policy: Georges de Menil works at the Delta Ens, France. Richard Portes lectures in the Department of Economics, London Business School. Hans-Werner Sinn is based at the Centre for Economic Studies, University of Munich. The Managing Editors of Economic Policy: Tullio Jappelli is CSEF Director and Professor of Economics at the University of Naples Federico II. Philip Lane is Professor of International Macroeconomics at Trinity College Dublin. Philippe Martin is Professor at the Universite Paris-1 Pantheon Sorbonne and CERASENPC and a Research Fellow at CEPR. Jan van Ours is Professor of Economics at Tilburg University and Professorial Fellow at Melbourne University.

• Editors' introduction. 1. Oil and the Euro area economy (Gert Peersman and Ine Van Robays both Universiteit Gent). 2. What happens during recessions, crunches and busts? (Stijn Claessens, M. Ayhan Kose and Marco E. Terrones, all International Monetary Fund). 3. Subprime crisis and board (in-) competence: private versus public banks in Germany (Harald Hau, INSEAD, Fontainebleau and CEPR) and Marcel Thum, TU Dresden, ifo Dresden and CESifo). 4. Planning to cheat: EU fiscal policy in real time (Roel Beetsma, University of Amsterdam, Massimo Giuliodori, University of Amsterdam, and Peter Wierts, De Nederlandsche Bank). Index.