Robin Brooks: ECB has capped euro zone bond spreads, but yields are still rising across the region. He says this shows a Goodhart’s law problem: the target metric is managed, yet overall borrowing conditions have not eased.
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Robin Brooks: ECB has capped euro zone bond spreads, but yields are still rising across the region. He says this shows a Goodhart’s law problem: the target metric is managed, yet overall borrowing conditions have not eased.
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