Left-leaning political parties play an important role as representatives of the poor and
disempowered. They once did so by promising protections from the forces of capital and the …

The postcommunist countries were amongst the most fervent and committed adopters of
neoliberal economic reforms. Not only did they manage to overcome the anticipated …

Over the past decades, the ability of liberal democracies around the world to translate
popular views into public policy has declined. This is a result of two major developments …

Central banks have accumulated unparalleled power over the conduct of macroeconomic
policy. Key for this development was the articulation and differentiation of monetary policy as …

Governments issue debt both domestically and abroad. This heterogeneity introduces the
possibility for governments to operate selective defaults that discriminate across investors …

What explains the cross-national variation in inflation rates across countries? In contrast to
most literature, which emphasizes the role of ideas and institutions, this article focuses on …

This paper studies the effect of the governance of modern central banks on the ratings
assigned by the credit rating agencies Standard and Poor's and Moody's. Until recently, the …

This work empirically investigates the effect of the interaction between the rule of law and
legal central bank independence (CBI) on price stability (the level of inflation and inflation …

Are certain forms of government associated with superior economic outcomes? This paper
attempts to answer that question by examining how government systems influence …

Scholars of financialisation have argued that the emergence of finance-led grow regimes
requires new instruments for effective conduct of economic policy. In this scholarship, central …