OSCAR AFONSO Assistant Professor in Economics, Faculty of Economics, University of Porto, PortugalRUI HENRIQUE ALVES Invited Lecturer, Faculty of Economics, University of Porto, PortugalMª JESÚS ARROYO FERNÁNDEZ Associate Professor of Economics (with Tenure), Universidad CEU San Pablo, Madrid, Spain JÉRÔME CREEL Deputy Director, Observatoire Français des Conjonctures Economiques (OFCE, Sciences Po), Paris since 2003; Professor of Economics, ESCP-EAP European School of ManagementTERESA GARCÍA DEL VALLE Associate Professor of Statistics, University of the Basque Country, Bilbao, SpainGUY J. GILBERT Full Professor of Economics, Ecole Normale Supérieure at Cachan; Member, Centre d'Economie de la Sorbonne-Paris I University CARMEN GÓMEZ Lecturer in Economics, University of the Basque Country, Bilbao, SpainTHIERRY MADIÈS Full Professor of Economics, University of Fribourg, Switzerland; Member, Council of Economic Analysis of the French Prime MinisterCATHERINE MATHIEU Senior Economist, Analysis and Forecasting Department, OFCE (Observatoire français des conjonctures économiques), Paris, FranceCARLO PANICO Professor of Economics, University of Naples 'Federico II', ItalyGWENAËLLE POILON Institut d'Etudes Politiques de Paris; Observatoire Français de la Conjoncture Economique (OFCE)SABRINA ROSTAING-PARIS Lecturer, University of Bordeaux 4, FranceHENRI STERDYNIAK Head, Economics of Globalisation Department, OFCE(Observatoire français des conjonctures économiques), Paris, France; Professor of Economics, University of Paris-Dauphine, France; Member, Steering Committee, AFSE (Association Française de Science Economique); Member, EUROFRAME (European network of economic institutes) JORGE UXÓ GONZÁLEZ Associate Professor of Economics, Universidad CEU San Pablo, Madrid, SpainMARTA VÁZQUEZ SUÁREZ Santiago University, Spain