Swedish experience of an inflation target
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Swedish experience of an inflation target

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Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

Subjects:

  • Monetary policy -- Sweden.,
  • Inflation (Finance) -- Sweden.

Book details:

Edition Notes

StatementLars E. O. Svensson.
SeriesNBER working paper series -- no.4985
ContributionsNational Bureau of Economic Research.
The Physical Object
Pagination21p. ;
Number of Pages21
ID Numbers
Open LibraryOL16668222M

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Abstract: The paper gives a brief account of the Swedish experience of an inflation target in a floating exchange rate regime; identifies, documents and discusses the current problems in Swedish monetary policy and their origins; considers what can be done to remedy the . The paper gives a brief account of the Swedish experience of an inflation target in a floating exchange rate regime; identifies, documents and discusses the current problems in Swedish monetary policy and their origins; suggests what can be done to remedy the problems; and draws some general conclusions. The paper gives a brief account of the Swedish experience of an inflation target in a floating exchange rate regime; identifies, documents and discusses the current problems in Swedish monetary policy and their origins; considers what can be done to remedy the problems; and draws some general conclusions. This book brings together the experience of central banks and national statistical agencies in countries that focus their monetary policy on inflation targets. Inflation targeting has led to a close interface between these two sets of institutions. When the performance of a central bank is measured in terms of specified price indices, which are usually compiled and disseminated by the national.

(English) Report (Other academic) Abstract [en] The paper gives a brief account of the Swedish experience of an inflation target in a floating exchange rate regime; identifies, documents and discusses the current problems in Swedish monetary policy and their origins; suggests what can be done to remedy the problems; and draws some general conclusions. In this paper key points in the development of the present Swedish inflation-targeting strategy are analysed. Since the implementation of the inflation target strategy began in , three Author: Claes Berg. An inflation target can serve as a nominal anchor, aiming at coordinating in- flation expectations. As a nominal anchor, an inflation target also provides a commitment mechanism that increases the accountability of the monetary policy authority. Swedish experience of an inflation target. Cambridge, MA: National Bureau of Economic Research, © [i.e. ] (OCoLC) Material Type: Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: Lars E O Svensson; National Bureau of Economic Research.

Get this from a library! The Swedish experience of an inflation target. [Lars E O Svensson]. year. The target would formally apply with effect from This created a new norm for monetary policy and Sweden then became one of the first countries in the world to conduct monetary policy with a floating exchange rate and an explicit inflation target. It may be worth mentioning that the Riksbank’s tasks are also stipulated by law. This book analyses the way that this and many other countries dealed with the new approach of conducting monetary policy towards inflation control, bringing a full and comprehensive description of the behaving of their economies as well as their main macroeconomic variables, before, Cited by: The countries in question are Canada, New Zealand, Sweden, and the United Kingdom, all of which adopted official inflation targets between and 1 As these countries instituted their inflation targets with substantially different legislative provisions and targeting procedures, their experiences should eventually provide useful Cited by: