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


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