Abstract The notion that an independent central bank reduces a country’s inflation is a controversial hypothesis. To date, it has not been possible to satisfactorily answer this question because the complex macroeconomic structure that gives rise to the data has not been adequately...

Abstract What did Coase teach in the classroom? Coase’s articles reprinted in The Firm, the Market, and the Law make up 4 of 11 articles assigned in Coase’s 1972 course on “Economic Analysis and Public Policy.” This article reconstructs Coase’s 1972 syllabus, describes Coase as a...