The ECB and the conduct of monetary policy: Goodhart's law and lessons from the euro area

被引：7
|
作者：
Goodhart, C. A. E. [1 ]
机构：
[1] Univ London London Sch Econ & Polit Sci, Financial Markets Grp, London WC2 2AE, England
来源：
JCMS-JOURNAL OF COMMON MARKET STUDIES | 2006年 / 44卷 / 04期
关键词：
D O I：
10.1111/j.1468-5965.2006.00661.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：757 / 778
页数：22
相关论文
共 50 条
  • [1] MONETARY POLICY AND GOODHART'S LAW
    Gotz-Kozierkiewicz, Danuta
    [J]. EKONOMISTA, 2010, (02): : 163 - 174
  • [2] The ECB's Experience of Monetary Policy in a Financially Fragmented Euro Area
    Durre, Alain
    Maddaloni, Angela
    Mongelli, Francesco Paolo
    [J]. COMPARATIVE ECONOMIC STUDIES, 2014, 56 (03) : 396 - 423
  • [3] The ECB’s Experience of Monetary Policy in a Financially Fragmented Euro Area
    Alain Durré
    Angela Maddaloni
    Francesco Paolo Mongelli
    [J]. Comparative Economic Studies, 2014, 56 (3) : 396 - 423
  • [4] The Euro area sovereign debt crisis and the role of ECB's monetary policy
    Roman, Angela
    Bilan, Irina
    [J]. INTERNATIONAL CONFERENCE EMERGING MARKETS QUERIES IN FINANCE AND BUSINESS, 2012, 3 : 763 - 768
  • [5] Spillover of the ECB's monetary policy outside the euro area: How different is conventional from unconventional policy?
    Kucharcukova, Oxana Babecka
    Claeys, Peter
    Vasicek, Borek
    [J]. JOURNAL OF POLICY MODELING, 2016, 38 (02) : 199 - 225
  • [6] ECB’s unconventional monetary policy and bank lending supply and performance in the euro area
    Dimitris Kenourgios
    Despoina Ntaikou
    [J]. Journal of Economics and Finance, 2021, 45 : 211 - 224
  • [7] ECB's unconventional monetary policy and bank lending supply and performance in the euro area
    Kenourgios, Dimitris
    Ntaikou, Despoina
    [J]. JOURNAL OF ECONOMICS AND FINANCE, 2021, 45 (02) : 211 - 224
  • [8] Lessons for Monetary Policy from the Euro-Area Crisis
    Goodhart, C. A. E.
    [J]. JOURNAL OF MACROECONOMICS, 2014, 39 : 378 - 382
  • [9] Monetary policy in the Euro area - Lessons from the first years
    Clausen V.
    Hayo B.
    [J]. International Economics and Economic Policy, 2005, 1 (4) : 349 - 364
  • [10] Historical Lessons from the Euro Area Crisis for Monetary Policy
    Draghi, Mario
    [J]. EVOLUTION OR REVOLUTION?: RETHINKING MACROECONOMIC POLICY AFTER THE GREAT RECESSION, 2019, : 71 - 78
12345