Zunehmende wirtschaftliche Offenheit in westlichen Demokratien haben das Potential für innerparteiliche und innerkoalitionäre Konflikte erhöht und die Fähgigkeit für Parteien, Regierungsämter zu gewinnen und zu behalten verringert. Der Artikel vertritt die Ansicht, dass Politiker durch...

While monetary policy decisions are mainly taken by Committees (as is the case for the ECB, or for the Federal Reserve), the literature largely stands on the ...ction of a single central banker, be it (or not) a conservative one. The purpose here is to consider explicitly the plural dimension of...

We study the short-run effect of elections on monetary aggregates in a sample of 85 low and middle income democracies (1975 - 2009). We find an increase in the growth rate of M1 during election months of about one tenth of a standard deviation. A similar effect can neither be detected in...

In this speech to the British Hospitality Association, Rachel Lomax, Deputy Governor responsible for monetary policy, looks back at her first year on the MPC. She argues that the UK economy emerged from the recent world slowdown with less slack than other economies. That is the key reason why...