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In their seminal paper, Morris and Shin (Amer Econ Rev 92(5): 1521–1534, <CitationRef CitationID="CR11">2002a</CitationRef>) argued that increasing the precision of public information is not always beneficial to social welfare. Svensson (Amer Econ Rev 96: 448–451, <CitationRef CitationID="CR15">2006</CitationRef>) however has disputed this by saying that although feasible, the...</citationref></citationref>
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