▪ Abstract Following a period of almost obsessive academic attention in the 1980s, in the
early 1990s the concept of corporatism fell from favor, as its explanatory powers appeared to …

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

This book considers why institutional forms of modern capitalist economies differ
internationally, and proposes a typology of capitalism based on the theory of institutional …

The book shows how such multiple interactions among political-economic institutions and
interests induce differing policy choices and effects across democracies; how to model such …

This paper examines the impact of climate-induced natural disasters on inflation and
economic growth using a large panel of countries from 1970 to 2020. Employing the local …

This book helps explain one of the most intriguing and politically salient puzzles in
comparative political economy: why some countries have much higher unemployment rates …

Two decades ago and earlier most central banks in the world functioned as departments of
ministries of finance. By law, custom or both, they were expected to utilise their policy …

This paper investigates the impact of expansionary fiscal shocks on inflation, using a large
panel of 140 countries over the period 1970–2022. We find evidence that expansionary …

Nous nous concentrerons ici sur des économies caractérisées par des niveaux de
développement relativement élevés, parce que ce sont elles que nous connaissons le …

This chapter surveys the recent literature on the theory of macroeconomic policy. We study
the effect of various incentive constraints on the policy making process, such as lack of …