Realists argue that relative gains concerns make cooperation more difficult than liberal institutionalists expect. In response, Duncan Snidal has argued that when the number of states increases, the problem of relative gains concerns is generally attenuated. The author contends that current...

Recent actions by the European Union reveal a shift away from traditional, top-down, command and control governance. This can be seen in the structure of traditional tools like directives, as many recent directives, especially in social policy-making, tend to be more open and flexible. But the...

Recent actions by the European Union reveal a shift away from traditional, topdown, command and control governance. This can be seen in the structure of traditional tools like directives, as many recent directives, especially in social policymaking, tend to be more open and flexible. But the...

Machine generated contents note: 1 INTRODUCTION -- 1.1 Overview -- 1.2 The Democratic Commitments to Government -- Involvement in the Macroeconomy -- 1.3 The Evolution of the Policy Commitments and of -- A/acroeconomic Performance -- 1.4 Explaining Policy and Outcome Variation across --...

Plans for European Monetary Union are based on the conventional postulate that increasing the independence of the central bank can reduce inflation without any real economic effects. However, the theoretical and empirical bases for this claim rest onmodels of the economy that make unrealistic...

Although scholars recognize that time-series-cross-section data typically correlate across both time and space, they tend to model temporal dependence directly, often by lags of dependent variables, but to address spatial interdependence solely as a nuisance to be “corrected” by FGLS or to...

This paper reviews recent work on macroeconomic management with varying organization of wage/price bargaining and degrees of credible monetary conservatism. The emerging literature synthesizes and extends theory and empirics on central bank independence (CBI) and coordinated wage/price...