Former BofE economist Charles Goodhart to address UK inflation dilemmas at SOAS lecture
Charles Goodhart, a former Bank of England economist and once the Norman Sosnow Professor of Banking and Finance at the London School of Economics, will deliver a lecture at SOAS on the challenges facing policymakers in the context of above-target inflation in the UK.
With a wealth of experience in both academia and central banking, Charles Goodhart brings a unique perspective to the discussion, with insights that are deeply informed by practical experience and academic rigor. Goodhart is well known for his contributions to monetary economics, in particular for Goodhart's Law. The adage named after Goodhart suggests that governments that rely on a previously observed statistical pattern for regulatory purposes will see the the pattern collapse.
Notably, Goodhart's contributions extend beyond his roles in academia and central banking. During his time as an independent member of the Bank of England's Monetary Policy Committee from 1997 to 2000, he played a key role in shaping the country's monetary policy. Goodhart formulated the law as a response to Margaret Thatcher’s government’s tightening of the supply of money to reduce inflation, with inflation subsequently running out of control.
Beyond the Great Moderation
On 27 February 2024 at 3 pm, SOAS will host Charles Goodhart who will deliver a lecture titled “Beyond the Great Moderation”. Against the backdrop of rising inflation rates, Goodhart's lecture aims to shed light on the complex dilemmas facing policymakers and stimulate further discourse in the field.
