Krugman’s blog, 4/6/17

There was one post yesterday, “Iceland 1991:”

A historical curiosity: the other day Gauti Eggertsson asked if I had a copy of the report I wrote on Icelandic currency policy back in 1991, since there doesn’t seem to be one online anywhere. Sure enough, I had a copy of the draft — a physical copy — on file. So here’s an upload of the scan.

The report itself is basically optimum currency area theory, with fish. I made what I think is an interesting comparison between Iceland and Canada’s Maritime Provinces, but missed the fiscal integration angle. Still, this doesn’t read too badly a quarter-century and a financial crisis later.

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