Certain themes recur throughout this paper. The traditional account of the evolution of tax structures through the interaction of increasing efficiency and the claims of special interests plays a role but is not the whole story. Different taxes create tradeoffs between the costs of...

This article analyzes the political origins of differences in adherence to the fiscal framework of the European Union (EU). It shows how incentives to use fiscal policy for electoral purposes and limited budget transparency at the national level, combined with the need to respond to fiscal rules...

Monetarism has had a major impact on the thinking of political leaders and the conduct of economic policy during the last decade. These two volumes trace the origin and development of monetarism from the work of David Hume and Irving Fisher through to the very recent research by eminent...

Monetary policy in the major industrial countries has largely been a success story in recent years. This two-volume set includes previously published papers by Nobel Laureates, central bankers and leading research economists. The key advances in recent thinking that underpin modern monetary...