Paul Tucker, Rosa Lastra, Christina Parajon Skinner, Robert Hockett, Nathan Tankus, Raul Carillo, Stefan Eich, Lev Menand
Sir Paul M. W. Tucker
This paper follows up earlier work advocating a principled modernization of doctrines for central bank lender-of-last-resort policies and operations.
Adair Turner and Paul Tucker
As the coronavirus pandemic spreads, two economics heavyweights debate the proposition. Replies will be updated in real time.
March 5, 2020
Sir Paul Tucker, Harvard Kennedy School
It has been orthodoxy for as long as I can remember that bank deposits are created by bank lending.
Contributors: Morgan Ricks, Marc Lavoie, Robert Hockett, Saule Omarova, Michael Kumhof, Zoltan Jakab, Paul Tucker, Charles Kahn, Daniel Tarullo, Stephen Marglin, Howell Jackson and Christine Desan, Sannoy Das