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Problems of Monetary Management: The U.K.
Goodhart, Charles A. E. "Problems of Monetary Management: The U.K. Experience." In Papers in Monetary Economics, vol. 1. Sydney: Reserve Bank of Australia, 1975.
Why this matters here
Goodhart's work on monetary targets raises a problem that extends beyond monetary policy: a measure used to steer an institution can lose touch with what it was meant to represent. The connection to accountability is worth asking about: what happens when meeting the target displaces answering for the consequences?
