Despite anticipated curtailment of their powers, the past decade saw technocratic actors take
on an increasingly powerful role in economic governance. Focusing on the EU, I analyse …

Central bankers form a global policy community that for several decades has been
characterized by a high degree of convergence in terms of policy tools, frameworks, and …

This article analyses the new challenges the ECB faces in implementing its monetary policy
and asks to what extent judicial review can help address these. The ECB mandate provides …

While climate change has been a public policy issue for decades, central banks have only
recently considered it relevant to their objectives. Beginning in 2015, the Bank of England …

Abstract The European Central Bank's (ECB) market-based treatment of government debt
was an important cause of the 2010–2012 eurozone crisis. This article analyses the political …

We propose a new conception of monetary sovereignty that acknowledges the reality of
today's global credit money system. Today, the concept is predominantly used to denote …

Finance and philosophy may seem to be worlds apart. But they share at least one common
ancestor: Thales of Miletus. Thales is typically regarded as the first philosopher, but he was …

This article provides a framework for understanding the economic role of central banks and
their democratic legitimacy. I argue that thinking about the democratic challenges of central …

In other words, monetary policy is a one-way street: poor monetary policy can cause
problems, but nothing can be gained from" good" monetary policy. I defend this claim by …

Delegation to independent agencies can reap real benefits for policy-making. In the case of
monetary policy, it shores up the credibility of the central bank. However, the discretion of IAs …