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.
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页码：757 / 778
页数：22
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