On Thursday, October 6, Sir Paul Tucker joined Markus’ Academy for a lecture. Sir Paul Tucker is a Fellow at the Harvard Kennedy School and a Former Deputy Governor of the Bank of England for Financial Stability.
Watch the full presentation below. You can watch all Markus’ Academy webinars on the Princeton BCF YouTube channel.
[0:00] Introductory remarks
[10:21] Brief summary of the last decade of UK monetary policy
[19:18] Conundrum: an added risk premium with no change in inflation?
[21:15] Market Maker of Last Resort to Restore Market Liquidity
[35:11] LDI and Lender of Last Resort
[48:50] Exchange rates
[50:15] Key takeaways