The puzzle of the diffusion of central-bank independence reforms: Insights from an agent-based simulation

Policy Studies Journal

Volumn 37, Issue 4, 2009, Pages 695-716

  Rapaport, Orit ^a   Levi Faur, David ^b   Miodownik, Dan ^b  

^a UNIVERSITY OF HAIFA   (Israel)

^b HEBREW UNIVERSITY OF JERUSALEM   (Israel)

Author keywords

Agent based modeling; Central banks; Diffusion; Kingdon; Outbreak; Reforms

Indexed keywords

CENTRAL BANK; COMPUTER SIMULATION; EMPIRICAL ANALYSIS; FINANCIAL SYSTEM; POLICY MAKING; REFORM PROCESS;

EID: 70449093802     PISSN: 0190292X     EISSN: 15410072     Source Type: Journal    
DOI: 10.1111/j.1541-0072.2009.00331.x     Document Type: Article

References (44)

1. Axelrod Robert. The Complexity of Cooperation: Agent-Based Models of Competition and Cooperation 1997, Princeton, Princeton University Press
2. Bernhard William T. A Political Explanation of Variations in Central Bank Independence. American Political Science Review 1998, 92(2):311-28.
3. Berry Frances, Berry William, Sabatier Paul. Innovation and Diffusion Models in Policy Research. Theories of the Policy Process 1999, 169-200. In, ed., Boulder, CO, Westview Press
4. Braun Dietmar, Gilardi Fabrizio. Taking 'Galton's Problem' Seriously: Towards a Theory of Policy Diffusion. Journal of Theoretical Politics 2006, 18:298-322.
5. Capie Forrest, Goodhart Charles, Fisher Stanley, Schnadt Norbet. The Future of Central Banking-The Tercentenary Symposium of the Bank of England 1994, Cambridge, Cambridge University Press
6. Cederman Lars-Erik. Agent-Based Modeling in Political Science. Political Methodologist 2001, 10:16-22.
7. Cohen Michael D, March James G, Olsen Johan P. A Garbage Can Model of Organizational Choice. Administrative Science Quarterly 1972, 17:1-25.
8. Cukierman Alex. Central Bank Independence and Monetary Control. Economic Journal 1994, 4:1437-48.
9. Cukierman Alex. " The Economics of Central Banking." Centre for Economic Research. 1996, Discussion Paper No. 9631, April
10. Cukierman A S, Neyapti Webb B. Measuring the Independence of Central Banks and Its Effect on Policy Outcomes. World Bank Economic Review 1992, 6:353-98. Reprinted in S.C. W. Eijffinger (ed.), . The International Library of Critical Writings in Economics Series. Cheltenham: Edward Elgar, 1997
11. Geard Nic. Two Design Patterns for Visualising the Parameter Space of Complex Systems. 2006, ACCS Technical Report, November
12. Goodhart Charles. The Evolution of Central Banks 1988, 2nd, ed., Cambridge, MA, MIT Press
13. Goodman John B. The Politics of Central Bank Independence. Comparative Politics 1991, 23(3):329-49.
14. Granovetter Mark. Threshold Models of Collective Behavior. American Journal of Sociology 1978, 83(6):1420-43.
15. Gray Virginia. Innovation in the States: A Diffusion Study. American Political Science Review 1973, 67(4):1174-85.
16. Heimer Carol A. Thinking about How to Avoid Thought: Deep Norms, Shallow Rules, and the Structure of Attention. Regulation & Governance 2008, 2(1):30-47.
17. Jayasuriya Kanishka. Globalization and the Changing Architecture of the State: The Politics of the Regulatory State and the Politics of Negative Co-ordination. Journal of European Public Policy 2001, 8(1):101-23.
18. King R Michael. Epistemic Communities and the Diffusion of Ideas: Central Bank Reform in the United Kingdom. West European Politics 2005, 28(1):94-123.
19. Kingdon John. Agendas, Alternatives and Public Policies [1984] 1995, New York, Longman
20. Levi-Faur David. The Politics of Liberalisation: Privatisation and Regulation-for-competition in Europe's and Latin America's Telecoms and Electricity Industries. European Journal of Political Research 2003, 42(5):705-40.
21. Levi-Faur David. The Global Diffusion of Regulatory Capitalism. Annals of the American Academy of Political and Social Science 2005, 598(1):12-32.
22. Lustick Ian S. User Manual for PS-I, Version 4.0.4. 2004, Software Development by Dr. Vladimir Dergachev), December
23. Lustick Ian S, Miodownik Dan. Neighborhoods and Tips: Implications of Spatiality for Political Cascades. 2005, American Political Science Association Annual Meeting, Washington, DC, September
24. Lustick Ian S, Miodownik Dan. Abstractions, Ensembles, and Virtualizations: The Titration of Complexity in Agent-Based Modeling. Comparative Politics 2009, 41(2):223-44.
25. Lustick Ian S, Miodownik Dan, Eidelson Roy J. Secessionism in Multicultural States: Does Sharing Power Prevent or Encourage It?. American Political Science Review 2004, 98(2):209-29.
26. Macy Michael W, Willer Robb. From Factors to Actors: Computational Sociology and Agent-Based Modeling. Annual Review of Sociology 2002, 28:143-66.
27. Marcussen Martin. Central Banks on the Move. Journal of European Public Policy 2005, 12(5):903-23.
28. Marcussen Martin, Kaspersen Lars Bo. Globalization and Institutional Competitiveness. Regulation & Governance 2007, 1(3):183-96.
29. McNamara Kathleen. Rational Fictions: Central Bank Independence and the Social Logic of Delegation. West European Politics 2002, 25(1):47-76.
30. Meyer John W, Boli John, George Thomas M, Francisco Ramirez O. World Society and the Nation-State. American Journal of Sociology 1997, 103(1):144-81.
31. Meyer John W, Brian Rowan. Institutionalized Organizations: Formal Structure as Myth and Ceremony. American Journal of Sociology 1977, 83(2):340-63.
32. Pierson Paul. Not Just What, but When: Timing and Sequence in Political Processes. Studies in American Political Development 2000, 14(1):73-93.
33. Polillo Simone, Guillén Mauro F. Globalization Pressures and the State: The Worldwide Spread of Central Bank Independence. American Journal of Sociology 2005, 110(6):1764-802.
34. Reinicke Wolfgang H. Global Public Policy: Governing without Government? 1998, Washington, DC, Brookings Institution Press
35. Rogers Everett M. Diffusion of Innovation 1995, New York, Free Press
36. Rogoff Kenneth. The Optimal Degree of Commitment to an Intermediary Monetary Target. Quarterly Journal of Economics 1985, 100(4):1169-89.
37. Rosenau James N. Governing the Ungovernable: The Challenge of a Global Disaggregation of Authority. Regulation & Governance 2007, 1(1):88-97.
38. Sabatier Paul A, Jenkins-Smith Hank. Policy Change and Learning: An Advocacy Coalition Approach 1993, Boulder, CO, Westview Press
39. Simmons Beth A. Rulers of the Game: Central Bank Independence During the Interwar Years. International Organization 1996, 50(3):407-43.
40. Simmons Beth A, Elkins Zachary. The Globalization of Liberalization: Policy Diffusion in the International Political Economy. American Political Science Review 2004, 98(1):171-89.
41. Strang David. Adding Social Structure to Diffusion Models: An Event-History Framework. Sociological Methods and Research 1991, 19(3):324-53.
42. Thelen Kathleen. Contemporary Challenges to the German Vocational Training System. Regulation & Governance 2007, 1(3):247-60.
43. Walker Jack. The Diffusion of Innovation among American States. American Political Science Review 1969, 63:880-99.
44. Wilensky Uri. NetLogo 4.0.2 User Manual. 1999, http://ccl.northwestern.edu/netlogo, . Evanston, IL: Center for Connected Learning and Computer-Based Modeling, Northwestern University