The never ending debate on the optimal money elasticity and predictability, coupled with the recent wishes of the major central banks to normalize monetary policy, as well as to revise their best practices, motivate this paper. Its aim is to offer a review of the evolution of the modern concept...

Robust regulators and their political masters : independence and accountability in theory / Marc Quintyn and Michael W. Taylor -- Independence and accountability in supervision : general principles and European setting / Lorenzo Bini Smaghi -- The fear of freedom : politicians and the...