{"id":18111,"date":"2019-11-28T00:00:00","date_gmt":"2019-11-28T00:00:00","guid":{"rendered":"https:\/\/www.bbs.unibo.it\/paul-tucker-and-the-unelected-power\/"},"modified":"2020-02-28T14:25:07","modified_gmt":"2020-02-28T14:25:07","slug":"paul-tucker-and-the-unelected-power","status":"publish","type":"post","link":"https:\/\/www.bbs.unibo.it\/en\/paul-tucker-and-the-unelected-power\/","title":{"rendered":"Paul Tucker and the unelected power"},"content":{"rendered":"<p><em>&#8220;During centuries, we thought about which place the central banks occupy in our democracies: the main error was given the chance to answer to this question to non-expert people&#8221;<\/em>.<!--more--><\/p>\n<p>On November 27th, Bologna Business School hosted <strong>Paul Tucker<\/strong>, the former Vice-governor of the Bank of England, who presented to the Community BBS his latest book <em>&#8220;Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State&#8221;<\/em>.<\/p>\n<p>A lucid analysis of the values \u200b\u200bthat guide the international economic system: <em>&#8220;When a part of the government disappoints us, as happened during the last financial crisis, we will no longer vote for the same politicians. But we must be aware that voting is a sort of safety valve that helps us to express more what we feel about a given situation, rather than to guide our choices&#8221;.<\/em><\/p>\n<p>Tucker emphasized how the approach of Western countries towards international central banks has changed.<\/p>\n<p>The independence of the banks &#8211; according to <strong>Tucker<\/strong> &#8211; guarantees that <strong>monetary policy<\/strong> takes into account only the economic conditions of the country, without lending itself to the logic of building consensus\u00ad\u00ad.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;During centuries, we thought about which place the central banks occupy in our democracies: the main error was given the chance to answer to this question to non-expert people&#8221;.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[92],"tags":[],"rubrica":[],"class_list":["post-18111","post","type-post","status-publish","format-standard","hentry","category-news-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Paul Tucker and the unelected power | BBS<\/title>\n<meta name=\"description\" content=\"On November 27th, Bologna Business School hosted Paul Tucker, the former Vice-governor of the Bank of England.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bbs.unibo.it\/en\/paul-tucker-and-the-unelected-power\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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