Bulletin n. 1/2007
June 2007
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Goodhart C.A.E.
    The ECB and the Conduct of Monetary Policy: Goodhart's Law and Lessons from the Euro Area
    in Journal of Common Market Studies , Vol. 44, Issue 4, November ,  2006 ,  757-778
    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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