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. 

LONG BIO

What is macroprudential policy for? 

 Making it safe for central bankers BIS Papers No. 91

I am going to take a step back to ask questions about the financial stability policy regimes that are emerging around the world. Do we have clarity around what ‘macroprudential policy’ is for?

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