This paper reviews recent research on central bank independence (CBI). After we have
distinguished between independence and conservativeness, research in which the …

In the context of the recent financial crisis, the extent to which the US economy has become
dependent on financial activities has been made abundantly clear. In Capitalizing on Crisis …

Empirical findings for a panel of around 100 countries from 1960 to 1990 strongly support
the general notion of conditional convergence. For a given starting level of real per capita …

Growth and democracy (subjective indexes of political freedom) are analyzed for a panel of
about 100 countries from 1960 to 1990. The favorable effects on growth include …

Data for around 100 countries from 1960 to 1990 are used to assess the effects of inflation
on economic performance. If a number of country characteristics are held constant, then …

High public debt often produces the drama of default and restructuring. But debt is also
reduced through financial repression (FR), a tax on bondholders and savers via negative or …

The new edition of a comprehensive treatment of monetary economics, including the first
extensive coverage of the effective lower bound on nominal interest rates. This textbook …

Inflation targeting is shown to imply inflation forecast targeting: the central bank's inflation
forecast becomes an explicit intermediate target. Inflation forecast targeting simplifies both …

The relationship between political and economic cycles is one of the most widely studied
topics in political economics. This book examines how electoral laws, the timing of elections …

Snowdon and Vane s book is extremely welcome. Indeed the authors examine, compare,
and evaluate the evolution of the major rival stories comprising contemporary …