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\nCharles Goodhart: The State of the Global Economy - A Central Banker's Perspective\n

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\n\nPublisher:\n\nInstitute for New Economic Thinking\n\n\n
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\nWelcome to our new video series called \"New Economic Thinking.\" The series will feature dozens of conversations with leading economists on the most important issues facing economics and the global economy today.This episode features...\nWelcome to our new video series called \"New Economic Thinking.\" The series will feature dozens of conversations with leading economists on the most important issues facing economics and the global economy today.

This episode features Charles Goodhart, former member of the Bank of England's Monetary Policy Committee, who offers a central banker's view on the global economy. Why didn't central banks see the financial crisis coming? Charles Goodhart offers a simple answer: \"Everything that a central bank ought to be interested in was excluded from the model.\" And what is his advice for today's policy makers and regulators? He points to the lessons from his famous \"Goodhart's Law,\" which he coined back in 1975. Watch the interview for more!

*The interview is conducted by Marshall Auerback, Director of Institutional Partnerships at the Institute
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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15:14
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Grade
Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nNew Economic Thinking\n\n
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Date
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2013
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Language
English
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Audiences
For Teacher Use
2 more...
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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Concepts

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quantitative easing, money
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Additional Tags

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world economy (literature subject), central bank (industry), financial market (literature subject), institute for new economic thinking (organization), new economic thinking, new economy (literature subject), bank of england (organization), charles goodhart, goodhart's law, financial crisis, finance (industry), global economy, monetary policy (literature subject), robert skidelsky baron skidelsky (author), economic model, financial liberalization, central bank, financial deregulation, deposit insurance, mervyn king, central bankers, financial system, uncontrolled system, controlled system, london school, speed bumps, marginal borrower, fiscal austerity, asian crisis, money back, system, excluded, people, deficit, back, austerity, crisis, bank, problems, chinese, wrong, credible, period, world
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Classroom Considerations

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Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Charles Goodhart: The State of the Global Economy - A Central Banker's Perspective\" href=\"/subscription/new\">\"Charles\n\n
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