In his persuasive new book, Jonathon Moses examines how the monetary policies of Iceland, Latvia, Hungary and Ireland responded to the financial crisis. Contrary to popular perception, he finds that the monetary autonomy of small non-eurozone states (Iceland, Hungary) helped prioritise the needs...

In this paper we elaborate on the findings produced by an applied equilibrium model that is used to calculate the annual efficiency gains from free international migration. These findings suggest that we can expect significant gains from liberalizing international labour flows. In particular, we...