One major contribution of this special forum is to develop the potential of endogenous explanations further. In doing so, most contributions focus on institutional dynamics and temporal sequences instead of “comparative statics.” In this commentary, I want to delve deeper into the logic of...

The familiar, comfortable neo-liberal economic world of an ever-expanding, ever more efficient global market has been torn apart by political, economic, social, and economic turbulence in the last decade or two. So far, multinational firms have successfully been able to use rapidly improving...

The Bank of England was given operational independence by the UK Parliament in 1997. The key feature of this independence is that the Bank's Monetary Policy Committee has sole responsibility for setting interest rates to achieve the Government's inflation target. Featuring contributions from...