This essay argues that mainstream Left and Right parties' convergence around the liberal moral foundations of care, fairness, and liberty most likely explains the popular discontent with establishment politicians and the ascendancy of insurgent political parties and movements in both Europe and...

This essay argues that mainstream Left and Right parties’ convergence around the liberal moral foundations of care, fairness, and liberty most likely explains the popular discontent with establishment politicians and the ascendancy of insurgent political parties and movements in both Europe...

Early tests of cross-country convergence found evidence only for conditional convergence. In contrast, with more recent data, Kremer, Willis, and You (2021) find evidence that since the mid-1980s there has been a trend towards unconditional convergence culminating in absolute convergence since...

More than ten years after the European merger policy reform, sufficient data has been accumulated to explore the impact of the reform on the difference between the European Union (EU) and the United States (US) merger policy. We expect policies to converge following the EU 2004 reform that...

The process of central bank (CB) evolution by emerging market economies (EMEs), including central bank independence (CBI) and transparency (CBT), converged towards that of the advanced economies (AEs) before the Global Financial Crisis (GFC) of 2007-2008. It was greatly aided by the adoption of...

The process of central bank (CB) evolution by emerging market economies (EMEs), including central bank independence (CBI) and transparency (CBT), converged towards that of the advanced economies (AEs) before the Global Financial Crisis (GFC) of 2007-2008. It was greatly aided by the adoption of...