Adopting public policies to deliver the ambitious long-term goals of the Paris Agreement will
require significant societal commitment. That commitment will eventually emerge from the …

This book reconsiders the role of the Phillips curve in macroeconomic analysis in the first
twenty years following the famous work by AWH Phillips, after whom it is named. It argues …

In this article the problem of credible commitment in carbon policy is discussed. Investors
favour long-term predictability of the policy, but without any external enforcement …

This paper describes the emerging consensus about the'reaction function'approach to
macroeconomic policy. The first section of the paper describes the historical emergence of …

In this paper, we survey the case for central bank independence (CBI). We conclude that CBI
is neither necessary nor sufficient for monetary stability. CBI is just one potentially useful …

Globalization, financial liberalization and neo-liberal economic policy thinking have been
seen as contributors to the demise of social partnership in Western Europe. Recent …

Die nicht-ministerielle Bundesverwaltung stand lange abseits des wissenschaftlichen und
öffentlichen Interesses. Das hat sich geändert seitdem z. B. der Treuhandanstalt oder der …

ABSTRACT A central tenet of the so‐called new consensus view in macroeconomics is that
there is no long‐run trade‐off between inflation and unemployment. The main policy …

Although principal-agent models have been extensively used by American political
scientists for now more than twenty years, their application to the European context is much …

Independent regulatory agencies are the institutional foundations of the regulatory state that,
during the past 15 years, has gained prominence throughout Europe. This article studies the …