Central Banks, Punctuated Equilibria, and a Wavering Social Contract

• In Event: Monetary Sovereignty in an Age of Rising Authoritarianism: Has Democracy Moved to the Central Banks?

Brief Overview

New 193-country central-bank delegation index (1971–2025) and mixed-methods analysis combining panel models, event-history, synthetic controls, and Federal Reserve archival minutes to show how post-1971 delegation choices drive monetary volatility.

Author

• David Morales Olalla, University of Illinois Chicago