Economic Policy 44

The Managing Editors of Economic Policy: Richard Edward Baldwin is Professor of International Economics at the Graduate Institute of International Studies, Geneva. Giuseppe Bertola is Professore Ordinario di Economica Politica, Facolta di Scienze Politiche, Universita di Torino. Paul Seabright is Professor of Economics at Universite des Sciences Sociales de Toulouse, a Director of Research at the Institut d'Economie Industrielle and a Research Fellow at CEPR. 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.

• Editors' Introduction. Why are Europeans so Tough on Migrants?: Tito Boeri and Herbert Brucker. Parallel Trade, Price Discrimination, Investment and Price Caps. Stefan Szymanski and Tommaso Valletti. Pharmaceutical Parallel Trade in Europe: Stakeholder and Competition Effects. Panos Kanavos and Joan Costa-Font. Deflation and Monetary Policy in a Historical Perspective: Remembering the Past or Being Condemned to Repeat It? Michael Bordo and Andrew Filardo.