The ECB and the Conduct of Monetary Policy
Goodhart's Law and Lessons from the Euro Area
Bibliographic Data
| ID | 10070701 |
|---|---|
| Authors | C A E Goodhart (London School of Economics and Political Science, corresponding author) |
| Year | 2006 |
| Volume | 44 |
| Issue | 4 |
| Pages | 757-778 |
| Publication date | 2006-10-09 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JCMS Journal of Common Market Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-5965.2006.00661.x |
| OpenAlex | W2118574404 |
| Language | EN |
| Citations received | 1 |
| References cited | 14 |
Goodhart's Law states that ‘any observed statistical regularity will tend to collapse once pressure is placed upon it for control purposes’. This article explores whether the inflation experience in EMU and the critique of the monetary policy strategy of the ECB can be understood in the light of this law
Economics · Inflation (cosmology · Keynesian economics · Macroeconomics · Monetary economics · Monetary policy · Physics · Theoretical physics · Fiscal Policies and Political Economy · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
| Citations per year | 0.06 |
|---|---|
| Citation span | 2009 - 2009 (1) |
| Highly cited | No |