Chiou and Rothenberg raise important questions about how to measure key concepts in the study of legislative stalemate in the U.S. Congress. In challenging my choice of measures to capture bicameral differences, Chiou and Rothenberg argue that my findings are the artifact of measurement error....

Born out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence traces the Fed’s transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent...

Monetary politics -- The blame game -- Creating the Federal Reserve -- Opening the act in the wake of the Depression -- Midcentury modern central banking -- The great inflation and the limits of independence -- The only game in town -- The myth of independence