timer Asked: Feb 23rd, 2015

Question description

Read the articles by Hall and Franzese (2003) and Copelovitch and Singer (2008). Your paper should address the following points: (readings are attached)

  1. Both Hall and Franzese (2003) and Copelovitch and Singer (2008) are interested in identifying the conditions under which independent Cen- tral Banks are effective. Summarize their answers. In your summary, focus on the main argument and the causal mechanism they suggest.

  2. Compare and contrast the causal mechanism proposed by Hall and Franzese (2003) to the causal mechanism suggested by Copelovitch and Singer (2008). What are the key dimensions in which these their argu- ments differ?

  3. Evaluate the causal mechanisms and form your own opinion regarding which mechanism is most convincing. Justify your answer on theoret- ical grounds and provide at least one example of a recent newspaper story that backs up your opinion. 


  • Properly document all sources, including websites, and attribute all quotations to their original authors. The bibliography does not count towards your page limit. 



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