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Paul Tucker is the author of Unelected Power and Global Discord, a Fellow at the Harvard Kennedy School, and a former central banker.

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Political Economy

The Fragile Equilibrium of Technology, Liberty and Power (preview of new book project)

Engelsberg Ideas | In a striking reversal of history’s pattern where technological progress and liberalism reinforced each other, today’s innovations threaten to tip the balance toward authoritarianism, ending three centuries of partnership between technological advancement and human freedom. READ MORE

Does the ECB Care about Inflation?

My title might seem like an extraordinary question: what can I possibly mean by does the ECB care about inflation? ’ If I disclose my answer is ‘no’, the question and answer might, indeed, seem completely crazy – and so uninteresting. In this chapter, I will try to persuade the reader otherwise, or at least create a sense that the European Central Bank (ECB) has a problem it must somehow seek to reduce, if not solve. READ MORE

Tanner Lecture Commentary,

Applause, puzzlement, worry,

An interview with Sir Paul Tucker,

Fiscal, Monetary and Macroprudential Regimes: Incentives-Values Compatibility in Constitutional Democracies,

Antitrust and Rule by Judges,

The Fed appointments process should be overhauled,

How the European Central Bank and Other Independent Agencies Reveal a Gap in Constitutionalism: A Spectrum of Institutions for Commitment,

Do we need a new constitution for central banking?,

BOOK REVIEW: Making a Modern Central Bank: The Bank of England 1979–2003,

Central Banking and the Rule of Law,

On Central Bank Independence,

How the ECB and Other Independent Agencies Reveal a Gap in Constitutionalism: a Spectrum of Institutions for Commitment,

Do Central Banks Serve the People?,

Renewing Our Monetary Vows: Open Letters to the Governor of the Bank of England,

Is the Age of Independent Central Banks Over, and Should We Care?,

Solvency As a Fundamental Constraint on LOIR Policy,

Have Central Banks and Independent Regulators Replaced Constitutional Democracy?,

The best books on The Administrative State recommended by Paul Tucker,

Till Time’s Last Stand or How Standing Still is Valuable but Uncomfortable,

Reining in Technocracy to Increase Democratic Legitimacy,

The political economy of central banking in the digital age,

The political economy of Central Bank balance sheet management,

The only game in town: A new constitution for money (and credit) policy,

Is there an incipient crisis in securities regulations?,

The lender of last resort and modern central banking: principles and reconstruction,

Capital regulation in the new world: The political economy of regime change,

Central banking for a post-crisis world,

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