Details about Lars E.O. Svensson

E-mail:
Homepage:	http://people.su.se/~leosven/
Phone:	+46 8 787 0107
Postal address:	Sveriges Riksbank SE-103 37 Stockholm Sweden
Workplace:	Sveriges Riksbank (Central Bank of Sweden), (more information at EDIRC) Institute for International Economic Studies (IIES), Stockholms Universitet (Stockholm University), (more information at EDIRC)

Access statistics for papers by Lars E.O. Svensson.

Last updated 2009-09-15. Update your information in the RePEc Author Service.

Short-id: psv2

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Working Papers

2009

1. Anticipated Alternative Instrument-Rate Paths in Policy Simulations
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Transparency under Flexible Inflation Targeting: Experiences and Challenges
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

2008

3. Current Account Dynamics and Monetary Policy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2008) View citations
   See also Chapter (2007)
4. Monetary Policy Trade-Offs in an Estimated Open-Economy DSGE Model
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008)
5. Optimal Monetary Policy Under Uncertainty in DSGE Models: A Markov Jump-Linear-Quadratic Approach
   Working Papers Central Bank of Chile, Central Bank of Chile
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008)
6. Optimal Monetary Policy in an Operational Medium-Sized DSGE Model
   Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) View citations
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations
   NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations

2007

7. Bayesian and Adaptive Optimal Policy under Model Uncertainty
   CFS Working Paper Series, Center for Financial Studies View citations
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations
8. Monetary Policy with Model Uncertainty: Distribution Forecast Targeting
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations
   Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, Research Centre (2005) View citations
   Computing in Economics and Finance 2005, Society for Computational Economics (2005) View citations

2006

9. Monetary Policy and Japan’s Liquidity Trap
   Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies.
10. Optimal Inflation Targeting: Further Developments of Inflation Targeting
    Working Papers Central Bank of Chile, Central Bank of Chile View citations
11. The Instrument-Rate Projection under Inflation Targeting: The Norwegian Example
    Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. View citations

2005

12. Monetary Policy with Judgement: Forecast Targeting
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in MPRA Paper, University Library of Munich, Germany (2005) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations
    Working Paper Series, European Central Bank (2005) View citations
    See also Journal Article in International Journal of Central Banking (2005)
13. Optimal Policy Projections
    MPRA Paper, University Library of Munich, Germany View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2005) View citations
    See also Journal Article in International Journal of Central Banking (2005)
14. Social Value of Public Information: Morris and Shin (2002) Is Actually Pro Transparency, Not Con
    NBER Working Papers, National Bureau of Economic Research, Inc
15. Time Consistency of Fiscal and Monetary Policy: A Solution
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Seminar Papers, Stockholm University, Institute for International Economic Studies (2004)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations
    See also Journal Article in Econometrica (2006)

2004

16. Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations
    IMF Working Papers, International Monetary Fund (2004) View citations
    See also Journal Article in American Economic Review (2007)
17. Implementing Optimal Policy Through Inflation-Forecast Targeting
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations
    See also Chapter (2004)
18. Optimal Policy with Low-Probability Extreme Events
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations
19. Targeting Rules vs. Instrument Rules for Monetary Policy: What is Wrong with McCallum and Nelson?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
20. The Magic of the Exchange Rate: Optimal Escape from a Liquidity Trap in Small and Large OPen Economies
    Working Papers, Hong Kong Institute for Monetary Research View citations

2003

21. Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Economic Perspectives (2003)
22. Monetary Policy and Real Stabilization
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. (2002) View citations
    See also Journal Article in Proceedings (2002)
23. Optimal Policy with Partial Information in a Forward-Looking Model: Certainty-Equivalence Redux
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
24. What is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. (2002) View citations
    See also Journal Article in Journal of Economic Literature (2003)

2002

25. An Independent Review of Monetary Policy and Institutions in Norway
    Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. View citations
26. Inflation Targeting: Should It Be Modeled as an Instrument Rule or a Targeting Rule?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in European Economic Review (2002)
27. Money and Inflation in the Euro-Area: A Case for Monetary Indicators?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations
    BIS Working Papers, Bank for International Settlements (2001) View citations
    See also Journal Article in Journal of Monetary Economics (2003)
28. The Inflation Forecast and the Loss Function
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

2001

29. Indicator Variables for Optimal Policy under Asymmetric Information
    Seminar Papers, Stockholm University, Institute for International Economic Studies View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations
    See also Journal Article in Journal of Economic Dynamics and Control (2004)

2000

30. Does the P* Model Provide Any Rationale for Monetary Targeting?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Stockholm - International Economic Studies (1999) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1999) View citations
    See also Journal Article in German Economic Review (2000)
31. Eurosystem Monetary Targeting: Lessons from US Data
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco (1999) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1999) View citations
    Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) (1999) View citations
    Working Papers, Stockholm - International Economic Studies (1999) View citations
    See also Journal Article in European Economic Review (2002)
32. How Should Monetary Policy be Conducted in an Era of Price Stability?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Seminar Papers, Stockholm University, Institute for International Economic Studies (1999) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations
    See also Journal Article in Proceedings (1999)
33. Indicator Variables for Optimal Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Seminar Papers, Stockholm University, Institute for International Economic Studies (2000) View citations
    Working Paper Series, European Central Bank (2000) View citations
    See also Journal Article in Journal of Monetary Economics (2003)
34. Open-Economy Inflation Targeting
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Stockholm - International Economic Studies (1998) View citations
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1998) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations
    See also Journal Article in Journal of International Economics (2000)
35. The First Year Of The Eurosystem: Inflation Targeting Or Not?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations
    Seminar Papers, Stockholm University, Institute for International Economic Studies (2000) View citations
    See also Journal Article in American Economic Review (2000)
36. The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in Seminar Papers, Stockholm University, Institute for International Economic Studies (2000) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations
    See also Journal Article in Monetary and Economic Studies (2001)

1999

37. Inflation Targeting: Some Extensions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Seminar Papers, Stockholm University, Institute for International Economic Studies (1997) View citations
    Working Papers, Stockholm - International Economic Studies (1997) View citations
    See also Journal Article in Scandinavian Journal of Economics (1999)
38. Monetary Policy Issues for the Eurosystem
    Seminar Papers, Stockholm University, Institute for International Economic Studies View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations
    Working Papers, Stockholm - International Economic Studies (1999) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1999)
39. Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability
    Seminar Papers, Stockholm University, Institute for International Economic Studies View citations
    Also in Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) (1999) View citations
    Working Papers, Stockholm - International Economic Studies (1999) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations
40. The Equilibrium Degree of Transparency and Control in Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations
    Working Papers, Stockholm - International Economic Studies (1999) View citations
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1999) View citations
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1999) View citations
    See also Journal Article in Journal of Money, Credit and Banking (2002)

1998

41. Inflation Targeting as a Monetary Policy Rule
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1998) View citations
    Working Papers, Stockholm - International Economic Studies (1998) View citations
    See also Journal Article in Journal of Monetary Economics (1999)
42. Policy Rules for Inflation Targeting
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in Working Papers, Stockholm - International Economic Studies (1998) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1998) View citations
    Working Papers in Applied Economic Theory and Econometrics, Federal Reserve Bank of San Francisco (1998) View citations
    See also Chapter (1999)
    Journal Article in Proceedings (1998)
43. Transparency and Credibility: Monetary Policy with Unobservable Goals
    Seminar Papers, Stockholm University, Institute for International Economic Studies View citations
    Also in Working Papers, Stockholm - International Economic Studies (1998) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1998) View citations
    See also Journal Article in International Economic Review (2001)

1997

44. Debt, cash flow and inflation incentives: A Swedish example
    Seminar Papers, Stockholm University, Institute for International Economic Studies View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations
    Working Papers, Stockholm - International Economic Studies (1996) View citations
45. Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Stockholm - International Economic Studies (1996)
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1997) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations
    Bank of England working papers, Bank of England
    See also Journal Article in European Economic Review (1997)
46. Inflation targeting in an open economy: strict or flexible inflation targeting?
    Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand View citations
47. New Techniques to Extract Market Expectations from Financial Instruments
    Seminar Papers, Stockholm University, Institute for International Economic Studies View citations
    Also in Working Papers, Stockholm - International Economic Studies (1996) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations
    Working Paper Series in Economics and Finance, Stockholm School of Economics (1996) View citations
    See also Journal Article in Journal of Monetary Economics (1997)
48. Optimal Inflation Targets, `Conservative' Central Banks, and Linear Inflation Contracts
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Stockholm - International Economic Studies (1995) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations
    See also Journal Article in American Economic Review (1997)
49. Price Level Targeting vs. Inflation Targeting: A Free Lunch?
    Seminar Papers, Stockholm University, Institute for International Economic Studies View citations
    Also in Working Papers, Stockholm - International Economic Studies (1996) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations

1996

50. Price-level Targeting versus Inflation Targeting: A Free Lunch?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Journal of Money, Credit and Banking (1999)

1995

51. Expected and Predicted Realignments: The FF/DM Exchange Rate During the EMS
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1991) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1991) View citations
    Working Papers, Stockholm - International Economic Studies (1991) View citations
52. Monetary Policy with Flexible Exchange Rates and Forward Interest Rates as Indicators
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1994) View citations
    Working Papers, Stockholm - International Economic Studies (1993)
53. The Swedish Experience of an Inflation Target
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations

1994

54. Assessing Target Zone Credibility: Mean Reversion and Devaluation Expectations in the ERM 1979-1992
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in European Economic Review (1993)
55. Estimating and Interpreting Foreward Interest Rates: Sweden 1992-1994
    Working Papers, Stockholm - International Economic Studies
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations
    IMF Working Papers, International Monetary Fund (1994) View citations
56. Estimating and Interpreting Forward Interest Rates: Sweden 1992-4
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
57. Fixed Exchange Rates as a Means to Price Stability: What Have We Learned
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1994) View citations
    Working Papers, Stockholm - International Economic Studies (1993) View citations
    See also Journal Article in European Economic Review (1994)
58. How Long Do Unilateral Target Zones Last?
    DELTA Working Papers, DELTA (Ecole normale supérieure) View citations
    Also in Working Papers, Stockholm - International Economic Studies (1991) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1992)
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research (1991) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations
    See also Journal Article in Journal of International Economics (1994)
59. The Operation and Collapse of Fixed Exchange Rate Regimes
    Working Papers, Stockholm - International Economic Studies View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations
    See also Chapter (1995)
60. The Simplest Test of Inflation Target Credibility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in Working Papers, Stockholm - International Economic Studies (1993) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations
61. The Swedish Experiences of Inflation Target
    Working Papers, Stockholm - International Economic Studies
62. Why Exchange Rate Bands? Monetary Independence in Spite of Fixed Exchange Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Stockholm - International Economic Studies (1992) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1992) View citations
    See also Journal Article in Journal of Monetary Economics (1994)

1993

63. European Exchange Rate Credibility Before the Fall
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Stockholm - International Economic Studies (1993) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1993) View citations
    See also Journal Article in European Economic Review (1994)
64. Term, Inflation and Foreign Exchange Risk Premia: A Unified Treatment
    Working Papers, Stockholm - International Economic Studies View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations

1992

65. The Credibility of Nordic Exchange Rate Bands: 1987-91
    IMF Working Papers, International Monetary Fund
66. The Simplest Test of Target Zone Credibility
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1991) View citations
    Working Papers, Stockholm - International Economic Studies (1990) View citations

1991

67. Assessing Target Zone Credibility: Mean Reversion and Devaluation Expectations in the EMS
    IMF Working Papers, International Monetary Fund View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1991) View citations
    Working Papers, Stockholm - International Economic Studies (1991) View citations
68. Devaluation Expectations: The Swedish Krona 1982-1991
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Stockholm - International Economic Studies (1991) View citations
69. Stochastic Devaluation Risk and the Empirical Fit of Target Zone Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Stockholm - International Economic Studies (1990) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1991) View citations
    See also Journal Article in Review of Economic Studies (1993)
70. Swedish Business Cycles: 1861-1988
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
    Also in Working Papers, Uppsala - Working Paper Series (1990)
    See also Journal Article in Journal of Monetary Economics (1992)
71. Target Zones and Interest Rate Variability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990) View citations
    IMF Working Papers, International Monetary Fund (1990) View citations
    Working Papers, Stockholm - International Economic Studies (1989) View citations
    See also Journal Article in Journal of International Economics (1991)
72. The Foreign Exchange Risk Premium in a Target Zone with Devaluation Risk
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations
    Working Papers, Stockholm - International Economic Studies (1990) View citations
    See also Journal Article in Journal of International Economics (1992)
73. The Term Structure of Interest Rate Differentials in a Target Zone: Theory and Swedish Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Stockholm - International Economic Studies (1990) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1991) View citations
    See also Journal Article in Journal of Monetary Economics (1991)

1990

74. Excess Capacity, Monopolistic Competition, and International Transmission of Monetary Disturbances
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Economic Journal (1989)
75. Exchange Rate Variability And Asset Trade
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Monetary Economics (1989)
76. Nontraded Assets in Incomplete Markets: Pricing and Portfolio Choices
    Working Papers, Stockholm - International Economic Studies
    See also Journal Article in European Economic Review (1993)
77. Policy Inconsistency and External Debt Service
    Working Papers, Stockholm - International Economic Studies
    See also Journal Article in Journal of International Money and Finance (1994)
78. Trade in Nominal Assets: Monetary Policy, and Price Level and Exchange Rate Risk
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of International Economics (1989)

1989

79. A REPLY OF: TIME CONSISTENCY OF FISCAL AND MONETARY POLICY, A COMMENT
    Working Papers, Stockholm - International Economic Studies
80. Trade in Risky Assets
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in American Economic Review (1988)

1988

81. Laws as Assets: A Possible Solution to the Time Consistency Problem
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
82. PORTFOLIO CHOICE AND ASSET PRICING WITH NONTRADED ASSETS
    Working Papers, Stockholm - International Economic Studies View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1988) View citations
83. PORTFOLIO CHOICE WITH NON-EXPECTED UTILITY IN CONTINUOUS TIME
    Working Papers, Stockholm - International Economic Studies View citations
    See also Journal Article in Economics Letters (1989)

1987

84. Capital Flows, Investment, and Exchange Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Monetary Economics (1987)

1983

85. Current Account Dynamics and the Terms of Trade: Harberger-Laursen-Metzler Two Generations Later
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Political Economy (1985)
86. Is Optimism Good in a Keynesian Economy?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Economica (1983)
87. The Theorems of International Trade with Factor Mobility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of International Economics (1986)
88. Trade in Goods and Factors with International Differences in Technology
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in International Economic Review (1985)
89. World Equilibrium with Oil Price Increases: An Intertemporal Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Oxford Economic Papers (1984)

1982

90. Adjustment to Expected and Unexpected Oil Price Changes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Canadian Journal of Economics (1984)
91. Factor Trade and Goods Trade
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of International Economics (1984)
92. Inflation, Monetary Velocity, and Welfare
    NBER Working Papers, National Bureau of Economic Research, Inc
93. Oil Prices, Welfare and the Trade Balance: An Intertemporal Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
94. On Variable Capital Utilization and International Trade Theory
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Economics Letters (1983)
95. Structural Differences and Macroeconomic Adjustment to Oil Price Increases in a Three-Country Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

Journal Articles

2008

1. Optimal monetary policy under uncertainty: a Markov jump-linear-quadratic approach
   Review, 2008, (Jul), 275-294

2007

2. Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank
   American Economic Review, 2007, 97, (1), 474-490
   See also Working Paper (2004)

2006

3. Social Value of Public Information: Comment: Morris and Shin (2002) Is Actually Pro-Transparency, Not Con
   American Economic Review, 2006, 96, (1), 448-452 View citations
4. Time Consistency of Fiscal and Monetary Policy: A Solution
   Econometrica, 2006, 74, (1), 193-212 View citations
   See also Working Paper (2005)

2005

5. Monetary Policy with Judgment: Forecast Targeting
   International Journal of Central Banking, 2005, 1, (1) View citations
   See also Working Paper (2005)
6. Optimal Policy Projections
   International Journal of Central Banking, 2005, 1, (3) View citations
   See also Working Paper (2005)
7. Targeting versus instrument rules for monetary policy: what is wrong with McCallum and Nelson?
   Review, 2005, (Sep), 613-626 View citations

2004

8. Commentary on Practical problems and obstacles to inflation targeting
   Review, 2004, (Jul), 161-164 View citations
9. Indicator variables for optimal policy under asymmetric information
   Journal of Economic Dynamics and Control, 2004, 28, (4), 661-690 View citations
   See also Working Paper (2001)

2003

10. Comment on: The future of monetary aggregates in monetary policy analysis
    Journal of Monetary Economics, 2003, 50, (5), 1061-1070 View citations
11. Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others
    Journal of Economic Perspectives, 2003, 17, (4), 145-166 View citations
    See also Working Paper (2003)
12. Indicator variables for optimal policy
    Journal of Monetary Economics, 2003, 50, (3), 691-720 View citations
    Also in Proceedings, 2000 (2000) View citations
    See also Working Paper (2000)
13. Monetary policy and learning
    Economic Review, 2003, (Q3), 11-16 View citations
14. Money and inflation in the euro area: A case for monetary indicators?
    Journal of Monetary Economics, 2003, 50, (8), 1649-1672 View citations
    See also Working Paper (2002)
15. What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules
    Journal of Economic Literature, 2003, 41, (2), 426-477 View citations
    See also Working Paper (2003)

2002

16. Eurosystem monetary targeting: Lessons from U.S. data
    European Economic Review, 2002, 46, (3), 417-442 View citations
    See also Working Paper (2000)
17. Inflation targeting: Should it be modeled as an instrument rule or a targeting rule?
    European Economic Review, 2002, 46, (4-5), 771-780 View citations
    See also Working Paper (2002)
18. Monetary policy and real stabilization
    Proceedings, 2002, 261-312 View citations
    See also Working Paper (2003)
19. The Equilibrium Degree of Transparency and Control in Monetary Policy
    Journal of Money, Credit and Banking, 2002, 34, (2), 520-39 View citations
    See also Working Paper (1999)

2001

20. Independent review of the operation of monetary policy in New Zealand
    Reserve Bank of New Zealand Bulletin, 2001, 64 View citations
21. Response to Seitz and Tödter, 'How the P* Model Rationalizes Monetary Targeting: A Comment on Svensson'
    German Economic Review, 2001, 2, (3), 309-312
22. The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap
    Monetary and Economic Studies, 2001, 19, (S1), 277-312 View citations
    See also Working Paper (2000)
23. Transparency and Credibility: Monetary Policy with Unobservable Goals
    International Economic Review, 2001, 42, (2), 369-97 View citations
    See also Working Paper (1998)

2000

24. Does the P* Model Provide Any Rationale for Monetary Targeting?
    German Economic Review, 2000, 1, (1), 69-81 View citations
    See also Working Paper (2000)
25. Open-economy inflation targeting
    Journal of International Economics, 2000, 50, (1), 155-183 View citations
    See also Working Paper (2000)
26. The First Year of the Eurosystem: Inflation Targeting or Not?
    American Economic Review, 2000, 90, (2), 95-99 View citations
    See also Working Paper (2000)

1999

27. How should monetary policy be conducted in an era of price stability?
    Proceedings, 1999, 195-259 View citations
    See also Working Paper (2000)
28. Inflation Targeting: Some Extensions
    Scandinavian Journal of Economics, 1999, 101, (3), 337-61 View citations
    See also Working Paper (1999)
29. Inflation targeting as a monetary policy rule
    Journal of Monetary Economics, 1999, 43, (3), 607-654 View citations
    See also Working Paper (1998)
30. Monetary policy issues for the Eurosystem
    Carnegie-Rochester Conference Series on Public Policy, 1999, 51, (1), 79-136 View citations
    Also in Proceedings, 1999 (1999) View citations
    See also Working Paper (1999)
31. Price-Level Targeting versus Inflation Targeting: A Free Lunch?
    Journal of Money, Credit and Banking, 1999, 31, (3), 277-95 View citations
    See also Working Paper (1996)

1998

32. Policy rules for inflation targeting
    Proceedings, 1998, (Mar) View citations
    See also Chapter (1999)
    Working Paper (1998)

1997

33. Inflation forecast targeting: Implementing and monitoring inflation targets
    European Economic Review, 1997, 41, (6), 1111-1146 View citations
    See also Working Paper (1997)
34. New techniques to extract market expectations from financial instruments
    Journal of Monetary Economics, 1997, 40, (2), 383-429 View citations
    See also Working Paper (1997)
35. Optimal Inflation Targets, "Conservative" Central Banks, and Linear Inflation Contracts
    American Economic Review, 1997, 87, (1), 98-114 View citations
    See also Working Paper (1997)

1996

36. Estimating the Term Structure of Interest Rates for Monetary Policy Analysis
    Scandinavian Journal of Economics, 1996, 98, (2), 163-83 View citations
37. How should monetary policy respond to shocks while maintaining long-run price stability? Conceptual issues (commentary)
    Proceedings, 1996, 209-227 View citations
38. The Scientific Contributions of Robert E. Lucas, Jr
    Scandinavian Journal of Economics, 1996, 98, (1), 1-10

1995

39. Expected and Predicted Realignments: The FF/DM Exchange Rate during the EMS, 1979-93
    Scandinavian Journal of Economics, 1995, 97, (2), 173-200

1994

40. European exchange rate credibility before the fall
    European Economic Review, 1994, 38, (6), 1185-1216 View citations
    See also Working Paper (1993)
41. Fixed exchange rates as a means to price stability: What have we learned?
    European Economic Review, 1994, 38, (3-4), 447-468 View citations
    See also Working Paper (1994)
42. How long do unilateral target zones last?
    Journal of International Economics, 1994, 36, (3-4), 467-481 View citations
    See also Working Paper (1994)
43. Policy inconsistency and external debt service
    Journal of International Money and Finance, 1994, 13, (3), 364-374 View citations
    See also Working Paper (1990)
44. Why exchange rate bands?: Monetary independence in spite of fixed exchange rates
    Journal of Monetary Economics, 1994, 33, (1), 157-199 View citations
    See also Working Paper (1994)

1993

45. Assessing target zone credibility: Mean reversion and devaluation expectations in the ERM, 1979-1992
    European Economic Review, 1993, 37, (4), 763-793 View citations
    See also Working Paper (1994)
46. Devaluation Expectations: The Swedish Krona 1985-92
    Economic Journal, 1993, 103, (420), 1170-79 View citations
47. Nontraded assets in incomplete markets: Pricing and portfolio choice
    European Economic Review, 1993, 37, (5), 1149-1168 View citations
    See also Working Paper (1990)
48. Stochastic Devaluation Risk and the Empirical Fit of Target-Zone Models
    Review of Economic Studies, 1993, 60, (3), 689-712 View citations
    See also Working Paper (1991)

1992

49. An Interpretation of Recent Research on Exchange Rate Target Zones
    Journal of Economic Perspectives, 1992, 6, (4), 119-44 View citations
50. Swedish business cycles: 1861-1988
    Journal of Monetary Economics, 1992, 30, (3), 343-371 View citations
    See also Working Paper (1991)
51. The foreign exchange risk premium in a target zone with devaluation risk
    Journal of International Economics, 1992, 33, (1-2), 21-40 View citations
    See also Working Paper (1991)

1991

52. Target zones and interest rate variability
    Journal of International Economics, 1991, 31, (1-2), 27-54 View citations
    See also Working Paper (1991)
53. The term structure of interest rate differentials in a target zone: Theory and Swedish data
    Journal of Monetary Economics, 1991, 28, (1), 87-116 View citations
    See also Working Paper (1991)

1990

54. FACTOR ENDOWMENTS AND TRADE WITH INCREASING RETURNS: GENERALIZATIONS AND EXTENTIONS
    International Economic Journal, 1990, 4, (3), 1-21

1989

55. Excess Capacity, Monopolistic Competition, and International Transmission of Monetary Disturbances
    Economic Journal, 1989, 99, (397), 785-805 View citations
    See also Working Paper (1990)
56. Exchange Rate Management and Macroeconomic Policy: A National Perspective: Comment
    Scandinavian Journal of Economics, 1989, 91, (2), 473-76
57. Exchange rate variability and asset trade
    Journal of Monetary Economics, 1989, 23, (3), 485-509 View citations
    See also Working Paper (1990)
58. Portfolio choice with non-expected utility in continuous time
    Economics Letters, 1989, 30, (4), 313-317 View citations
    See also Working Paper (1988)
59. Real Exchange Rates and Macroeconomics: A Selective Survey: Comment
    Scandinavian Journal of Economics, 1989, 91, (2), 435-38
60. Trade in nominal assets: Monetary policy, and price level and exchange rate risk
    Journal of International Economics, 1989, 26, (1-2), 1-28 View citations
    See also Working Paper (1990)
61. Why a Stubborn Conservative Would Run a Deficit: Policy with Time-Inconsistent Preferences
    The Quarterly Journal of Economics, 1989, 104, (2), 325-45 View citations

1988

62. Money and Banking in a Cash-in-Advance Economy
    International Economic Review, 1988, 29, (4), 681-705 View citations
63. Social Contracts as Assets: A Possible Solution to the Time-Consistency Problem
    American Economic Review, 1988, 78, (4), 662-77 View citations
64. Trade in Risky Assets
    American Economic Review, 1988, 78, (3), 375-94 View citations
    See also Working Paper (1989)

1987

65. Capital flows, investment, and exchange rates
    Journal of Monetary Economics, 1987, 19, (2), 171-201 View citations
    See also Working Paper (1987)
66. International Fiscal Policy Transmission
    Scandinavian Journal of Economics, 1987, 89, (3), 305-34 View citations
67. Time Consistency of Fiscal and Monetary Policy
    Econometrica, 1987, 55, (6), 1419-31 View citations

1986

68. Adjustment to Expected and Unexpected Oil Price Changes: Corrigendum
    Canadian Journal of Economics, 1986, 19, (4), 816-17
69. International Borrowing and Time-Consistent Fiscal Policy
    Scandinavian Journal of Economics, 1986, 88, (1), 273-95 View citations
70. On the Intergenerational Allocation of Natural Resources: Comment
    Scandinavian Journal of Economics, 1986, 88, (1), 153-55
71. Sticky Goods Prices, Flexible Asset Prices, Monopolistic Competition, and Monetary Policy
    Review of Economic Studies, 1986, 53, (3), 385-405 View citations
72. The terms of trade between oil importers
    Journal of International Economics, 1986, 20, (1-2), 99-113 View citations
73. The theoremes of international trade with factor mobility
    Journal of International Economics, 1986, 20, (1-2), 21-42
    See also Working Paper (1983)
74. Trade Unions and Optimal Labour Contracts
    Economic Journal, 1986, 96, (382), 323-41 View citations

1985

75. Currency prices, terms of trade, and interest rates: A general equilibrium asset-pricing cash-in-advance approach
    Journal of International Economics, 1985, 18, (1-2), 17-41 View citations
76. Current Account Dynamics and the Terms of Trade: Harberger-Laursen-Metzler Two Generations Later
    Journal of Political Economy, 1985, 93, (1), 43-65 View citations
    See also Working Paper (1983)
77. Inflation, Interest Rates, and Welfare
    The Quarterly Journal of Economics, 1985, 100, (3), 677-95
78. Money and Asset Prices in a Cash-in-Advance Economy
    Journal of Political Economy, 1985, 93, (5), 919-44 View citations
79. Trade in Goods and Factors with International Differences in Technology
    International Economic Review, 1985, 26, (1), 175-92 View citations
    See also Working Paper (1983)

1984

80. Adjustment to Expected and Unexpected Oil Price Changes
    Canadian Journal of Economics, 1984, 17, (1), 15-31
    See also Working Paper (1982)
81. Do Countries' Factor Endowments Correspond to the Factor Contents in Their Bilateral Trade Flows?
    Scandinavian Journal of Economics, 1984, 86, (1), 84-97 View citations
82. Factor trade and goods trade
    Journal of International Economics, 1984, 16, (3-4), 365-378 View citations
    See also Working Paper (1982)
83. International trade and resource allocation: Alan D. Woodland, (North-Holland, Amsterdam and New York, 1982) pp. xiv + 520, $59.00
    Journal of International Economics, 1984, 17, (3-4), 383-386
84. Misperceptions, rigidity and welfare
    European Economic Review, 1984, 25, (3), 387-399
85. Oil Prices, Welfare, and the Trade Balance
    The Quarterly Journal of Economics, 1984, 99, (4), 649-72 View citations
86. Potential and Realized Trade Patterns: The Case of Sweden
    Scandinavian Journal of Economics, 1984, 86, (3), 371-78
87. Time-consistent fiscal policy and government cash-flow
    Journal of Monetary Economics, 1984, 14, (3), 365-374 View citations
88. Walrasian and Marshallian stability
    Journal of Economic Theory, 1984, 34, (2), 371-379
89. World Equilibrium with Oil Price Increases: An Intertemporal Analysis
    Oxford Economic Papers, 1984, 36, (1), 86-102 View citations
    See also Working Paper (1983)

1983

90. Is Optimism Good in a Keynesian Economy?
    Economica, 1983, 50, (199), 291-300 View citations
    See also Working Paper (1983)
91. On the choice between capital import and labor export
    European Economic Review, 1983, 20, (1-3), 167-192
92. On variable capital utilization and international trade theory
    Economics Letters, 1983, 11, (4), 377-384 View citations
    See also Working Paper (1982)
93. Optimal subsidies to declining industries: Efficiency and equity considerations
    Journal of Public Economics, 1983, 22, (3), 327-345
94. The Terms of Trade and the Current Account: The Harberger-Laursen-Metzler Effect
    Journal of Political Economy, 1983, 91, (1), 97-125 View citations
95. The current account and the optimal government debt
    Journal of International Money and Finance, 1983, 2, (2), 215-224 View citations
96. Trade taxes and the current account
    Economics Letters, 1983, 13, (1), 55-57 View citations

1982

97. Comment on M. Bruno, "Adjustment and Structural Change under Supply Shocks."
    Scandinavian Journal of Economics, 1982, 84, (2), 223-27 View citations
98. On the welfare effects of a duty-free zone
    Journal of International Economics, 1982, 13, (1-2), 45-64 View citations

1981

99. Effective Demand in a Sequence of Markets
    Scandinavian Journal of Economics, 1981, 83, (1), 1-21 View citations
100. Efficiency and Speculation in a Model with Price-Contingent Contracts
     Econometrica, 1981, 49, (1), 131-51 View citations
101. National Welfare in the Presence of Foreign-owned Factors of Production: An Extension
     Scandinavian Journal of Economics, 1981, 83, (4), 497-507

1980

102. Effective Demand and Stochastic Rationing
     Review of Economic Studies, 1980, 47, (2), 339-55 View citations

1979

103. On Endogenous Markets and Intertemporal Efficiency
     Scandinavian Journal of Economics, 1979, 81, (3), 427-33

1977

104. The Stock Market, the Objective Function of the Firm, and Intertemporal Pareto Efficiency -- The Certainty Case
     Bell Journal of Economics, 1977, 8, (1), 207-216

1976

105. Sequences of temporary equilibria, stationary point expectations, and Pareto efficiency
     Journal of Economic Theory, 1976, 13, (2), 169-183 View citations

Books

2003

1. International Seminar on Macroeconomics (ISOM)
   NBER Books, National Bureau of Economic Research, Inc

Chapters

2007

1. Current Account Dynamics and Monetary Policy
   A chapter in International Dimensions of Monetary Policy, 2007
   See also Working Paper (2008)

2004

2. Implementing Optimal Policy through Inflation-Forecast Targeting
   A chapter in The Inflation-Targeting Debate, 2004, pp 19-92 View citations
   See also Working Paper (2004)

1999

3. Policy Rules for Inflation Targeting
   A chapter in Monetary Policy Rules, 1999, pp 203-262 View citations
   See also Working Paper (1998)
   Journal Article in Proceedings (1998)

1995

4. The operation and collapse of fixed exchange rate regimes
   Chapter 36 in Handbook of International Economics, 1995, vol. 3, pp 1865-1911 View citations
   See also Working Paper (1994)