Podcast

Director’s Cut: Central banking and the problem of unelected power

Bruegel director Guntram Wolff discusses current tensions in central banking governance with Paul Tucker, former deputy governor of the Bank of England and author of the newly released book 'Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State'.

By: and Date: June 5, 2018 Topic: Finance & Financial Regulation

Paul Tucker, former deputy governor of the Bank of England, joins Bruegel director Guntram Wolff to discuss the thesis of his new book, as well as the current tensions within current models of central banking governance.

On the agenda is the contention that there is, and even should be, a limit to the level of responsibility that a central bank can reasonably be expected to shoulder. Some decisions have such far-reaching consequences that we might prefer they be made by elected, rather than appointed, officials.

Paul Tucker presented his book in an event at Bruegel in May 2018, with Bruegel deputy director Maria Demertzis hosting a debate between Paul Tucker, Joanne Kellermann, former member of the Single Resolution Board, and Jean Pisani-Ferry, mercator senior fellow at Bruegel.

For further reading, consider ‘Central Banking in Turbulent Times’ – a book co-written by Bruegel senior fellow Francesco Papadia with Tuomas Valimaki, launched at a Bruegel event in April 2018.

Additionally, we recommend reading Silvia Merler’s collation of economists’ opinions on the current state of central banking in an age of populist politics.

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Podcast

Podcast

The political economy of climate transition

Is the green deal a strategy for growth or simply a reallocation mechanism?

By: The Sound of Economics Topic: Energy & Climate Date: December 2, 2020
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Podcast

Podcast

Steering the boat towards an unknown destination

Shocks pass, but change remains a constant. We need to start focusing on permanent changes in the economy and how to adapt to them.

By: The Sound of Economics Topic: European Macroeconomics & Governance, Global Economics & Governance Date: November 25, 2020
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Podcast

Podcast

Sizing up the world's largest trade deal

What should be Europe's strategy towards the Regional Comprehensive Economic Partnership (RCEP)?

By: The Sound of Economics Topic: Global Economics & Governance Date: November 18, 2020
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Podcast

Podcast

The big brother is back?

With the Biden administration, there might be a difference in style, rather than a difference in trends.

By: The Sound of Economics Date: November 13, 2020
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Podcast

Podcast

A European common tax space

'One of the obvious measures Europe could do in order to fill public coffers is to make sure that everybody pays fairly what they are supposed to pay, rather than general tax increases.'

By: The Sound of Economics Topic: European Macroeconomics & Governance Date: November 3, 2020
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Podcast

Podcast

A tale of two presidencies

With the US presidential elections around the corner we asked ourselves: what would a Biden administration look like? And what would a(nother) Trump administration look like?

By: The Sound of Economics Topic: Global Economics & Governance Date: October 28, 2020
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Podcast

Podcast

Demography and globalisation: reversing trends

A conversation on ageing societies, waning inequality, as well as an inflation revival.

By: The Sound of Economics Topic: Global Economics & Governance Date: October 21, 2020
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Podcast

Podcast

The future of EU-UK relations (again!)

At the eleventh hour of negotiations, what will the future of the EU-UK relationship look like?

By: The Sound of Economics Topic: European Macroeconomics & Governance Date: October 13, 2020
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Podcast

Podcast

Without good governance EU recovery could fail

Guntram Wolff and Luis Garicano discuss how to ensure that the EU borrowing mechanism would successfully boost economic recovery.

By: The Sound of Economics Topic: European Macroeconomics & Governance Date: October 7, 2020
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Podcast

Podcast

The Future of Globalisation

Dani Rodrik explains the globalisation paradox.

By: The Sound of Economics Topic: Global Economics & Governance Date: September 30, 2020
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Opinion

Europe’s recovery gamble

Next Generation EU, was rightly hailed as a major breakthrough: never before had the EU borrowed to finance expenditures, let alone transfers to member states. But the programme and its Recovery and Resilience Facility amount to a high-risk gamble.

By: Jean Pisani-Ferry Topic: Finance & Financial Regulation Date: September 25, 2020
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Podcast

Podcast

Global Energy Fundamentals

Bruegel research fellow Simone Tagliapietra discusses his new book, Global Energy Fundamentals.

By: The Sound of Economics Topic: Energy & Climate Date: September 23, 2020
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