Trend Inflation in Sweden

Pär Österholm and Aubrey Poon

No 2022:2, Working Papers from Örebro University, School of Business

Abstract: In this paper, we estimate trend inflation in Sweden using an unobserved components stochastic volatility model. Using data from 1995Q4 to 2021Q4 and Bayesian estimation methods, we find that trend inflation has been well-anchored during the period – although in general at a level below the inflation target – and it does not appear to have been affected much by the recent high inflation numbers.

Keywords: Unobserved components model; Inflation target; Bayesian estimation (search for similar items in EconPapers)
JEL-codes: C11 C32 C52 E32 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2022-01-18
New Economics Papers: this item is included in nep-cba, nep-eec, nep-his, nep-mac, nep-mon and nep-ore
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:oruesi:2022_002

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