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Central Banks and Independent Regulatory Agencies
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A body exercising monetary or regulatory authority at institutional arm's length from the elected government of the day, the "fourth branch" recognized in the modern separation-of-powers literature (Bruce Ackerman, 2000). Belongs here: Central Banking as the general institution, the European Central Bank, and the Environmental Protection Agency. Does not belong here: a government ministry or department that is not institutionally independent of the sitting administration.
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