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The belief that the ECB follows the US Federal Reserve in setting its policy is so entrenched with market participants and commentators that the search for empirical support would seem to be a trivial task. However, this is not the case. We find that the ECB is indeed often influenced by the...
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resolve this conceptual conundrum by grounding governance in mundane activities of coordination. We define governance as … reflexive coordination - focusing on those "critical moments", when routine activities become problematic and need to be revised …, thus, when regular coordination itself requires coordination. Regulation, in turn, can be understood as targeted public or …
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Much potential for trade liberalization exists in industries and markets with trade barriers that are prohibitive for all or many firms. In standard political economic theories of trade policy, observed prohibitive barriers must be globally optimal according to static government preferences,...
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