Since the early days of the European economic and monetary integration, European
institutions have faced policy challenges requiring an assessment of the economic …

Why do policymakers and economists within a policymaking institution choose to throw
away a model and to develop an alternative one? Why do they choose to stick to an existing …

Anyone who has studied macroeconomics will be aware that the field changed dramatically
in the 1970s. These changes are usually associated with the introduction of models based …

This article investigates the scientization process in central banks, using the Bank of
England (BoE) as a case study. It proposes an ideal type of the scientized central bank …

The 2023 HOPE conference aimed to understand the interrelationships between the Second
World War and economics. Examining this back-and-forth means examining the …

This article introduces a new conceptual framework for examining the transformation of
central banks' activities at the intersection of science and politics. The article relies on the …

In the fall of 2011, the Bank of England's Monetary Policy Committee (MPC) started to rely on
a new forecasting platform to inform its monetary policy choices. This platform introduced …

Who influenced whom during the 2008 crisis? Did academic economists shape central
bankers' attitudes towards fiscal policy, or did central bankers impose their agenda? In an …

This introductory chapter provides a general overview of the main chronological and
thematic elements developed in the book. We start by describing the institutional framework …

How do state organizations utilize their knowledge production to deal with possible
legitimacy concerns? Typically, it is assumed, that such organizations use knowledge, be it …