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>

This paper presents two views of the European sovereign debt crisis. The first is that countries in the South of the Eurozone were fiscally irresponsible and failed to implement pro-competitive supply side policies. The second view holds that the crisis reflects a deep divide between the...

A three-country model is used to analyze how country size affects inflation under different exchange rate regimes. Two countries, an anchor country (leader) and a pegging country (follower), are examined where the latter differs in size. We find that the leader's preference for floating over...