Former central banker Paul Tucker is the chair of the Systemic Risk Council, a Fellow at the Harvard Kennedy School, and author of Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State. 


IMF: Rethinking Macro Policy III

I’m going to say something about what I think macro prudential policy is. I’m going to define it and say something about the design of macro prudential institutions, and the way I’m going to set it up, the United States does not have a  macro prudential institution and nor does the Euro area. The E.U. kind of does.

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