I have a new paper out.
It’s called “Measuring the formal independence of regulatory agencies”, it’s written together with Christel Koop, and it’s available online through JEPP.
The argument we make is quite simple, even if the graphs and models we use aren’t.
We take an existing index of independence, and we test whether all the [...]
The UK government establish an independent body to give it advice on drugs policy which it could then ignore. Now they’ve gone and fired the head of the body. Of course, because the machinery of British government functions on blu-tack and sticky-back plastic, the minister hasn’t used any formal powers, but has merely “invited” the [...]