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Details about Lars E.O. Svensson

Homepage:https://larseosvensson.se/
Postal address:Stockholm School of Economics Department of Economics P.O. Box 6501 SE-11383 Stockholm Sweden
Workplace:Stockholm School of Economics, (more information at EDIRC)

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

Last updated 2023-03-16. Update your information in the RePEc Author Service.

Short-id: psv2


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Working Papers

2022

  1. Household Debt Overhang Did Hardly Cause a Larger Spending Fall during the Financial Crisis in Australia
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) Downloads View citations (1)
  2. Household Debt Overhang Did Hardly Cause a Larger Spending Fall during the Financial Crisis in the UK
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) Downloads View citations (1)

2020

  1. Macroprudential Policy and Household Debt: What is Wrong with Swedish Macroprudential Policy?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (2)
  2. Monetary Policy Strategies for the Federal Reserve
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) Downloads View citations (13)

    See also Journal Article in International Journal of Central Banking (2020)

2019

  1. What Rule for the Federal Reserve? Forecast Targeting
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) Downloads View citations (3)

    See also Journal Article in International Journal of Central Banking (2020)

2018

  1. Monetary Policy and Macroprudential Policy: Different and Separate?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (20)
    See also Journal Article in Canadian Journal of Economics (2018)

2017

  1. Cost-Benefit Analysis of Leaning Against the Wind
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (112)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) Downloads View citations (49)

    See also Journal Article in Journal of Monetary Economics (2017)
  2. How Robust Is the Result That the Cost of "Leaning Against the Wind" Exceeds the Benefit? Response to Adrian and Liang
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (7)
  3. How robust is the result that the cost of "leaning against the wind" exceeds the benefit?
    Working Paper Series, European Central Bank Downloads View citations (1)
  4. Leaning Against the Wind: Costs and Benefits, Effects on Debt, Leaning in DSGE Models, and a Framework for Comparison of Results
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (8)
  5. Leaning Against the Wind: The Role of Different Assumptions About the Costs
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) Downloads View citations (6)

2016

  1. Amortization Requirements May Increase Household Debt: A Simple Example
    IMF Working Papers, International Monetary Fund Downloads View citations (2)
  2. Cost-Benefit Analysis of Leaning Against the Wind: Are Costs Larger Also with Less Effective Macroprudential Policy?
    IMF Working Papers, International Monetary Fund Downloads View citations (52)

2015

  1. Forward Guidance
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) Downloads View citations (3)

2013

  1. Some Lessons from Six Years of Practical Inflation Targeting
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (29)
  2. The Possible Unemployment Cost of Average Inflation below a Credible Target
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    See also Journal Article in American Economic Journal: Macroeconomics (2015)
    Chapter (2013)

2012

  1. Central-banking challenges for the Riksbank: Monetary policy, financial-stability policy and asset management
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (7)
  2. Practical Monetary Policy: Examples from Sweden and the United States
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    See also Journal Article in Brookings Papers on Economic Activity (2011)

2011

  1. Anticipated Alternative Instrument-Rate Paths in Policy Simulations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (57)
    Also in 2009 Meeting Papers, Society for Economic Dynamics (2009) Downloads View citations (8)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (5)
  2. Anticipated Alternative Policy-Rate Paths in Policy Simulations
    Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) Downloads View citations (97)
    See also Journal Article in International Journal of Central Banking (2011)
  3. Optimal monetary policy in an operational medium-sized DSGE model
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (67)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) Downloads View citations (7)
    Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) (2008) Downloads View citations (5)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) Downloads View citations (12)

    See also Journal Article in Journal of Money, Credit and Banking (2011)

2010

  1. Inflation Targeting
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (58)
    Also in Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. (2007) Downloads

    See also Chapter (2010)

2009

  1. Evaluating Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (16)
    Also in Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) (2009) Downloads View citations (16)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (16)

    See also Chapter (2012)
  2. Monetary Policy Trade-Offs in an Estimated Open-Economy DSGE Model
    Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) Downloads View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) Downloads View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) Downloads View citations (1)

    See also Journal Article in Journal of Economic Dynamics and Control (2014)
  3. Transparency under Flexible Inflation Targeting: Experiences and Challenges
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (50)

2008

  1. Current Account Dynamics and Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (52)
    Also in 2008 Meeting Papers, Society for Economic Dynamics (2008) Downloads View citations (40)
    Working Paper Series, Federal Reserve Bank of San Francisco (2008) Downloads View citations (20)

    See also Chapter (2007)
  2. Optimal Monetary Policy Under Uncertainty in DSGE Models: A Markov Jump-Linear-Quadratic Approach
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) Downloads View citations (9)

    See also Chapter (2009)

2007

  1. Bayesian and Adaptive Optimal Policy under Model Uncertainty
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (35)
    Also in CFS Working Paper Series, Center for Financial Studies (2007) Downloads
    2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (24)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2006) Downloads View citations (5)
  2. Monetary Policy with Model Uncertainty: Distribution Forecast Targeting
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (78)
    Also in Computing in Economics and Finance 2005, Society for Computational Economics (2005) View citations (51)
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2005) Downloads View citations (55)
    NBER Working Papers, National Bureau of Economic Research, Inc (2005) Downloads View citations (59)

2006

  1. Monetary Policy and Japan's Liquidity Trap
    Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. Downloads
  2. Optimal Inflation Targeting: Further Developments of Inflation Targeting
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (12)
    See also Chapter (2007)
  3. The Instrument-Rate Projection under Inflation Targeting: The Norwegian Example
    Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. Downloads View citations (21)

2005

  1. Monetary Policy with Judgement: Forecast Targeting
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (24)
    Also in MPRA Paper, University Library of Munich, Germany (2005) Downloads View citations (114)
    Working Paper Series, European Central Bank (2005) Downloads View citations (116)
    NBER Working Papers, National Bureau of Economic Research, Inc (2005) Downloads View citations (114)

    See also Journal Article in International Journal of Central Banking (2005)
  2. Optimal Policy Projections
    MPRA Paper, University Library of Munich, Germany Downloads View citations (59)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2005) Downloads View citations (51)
    NBER Working Papers, National Bureau of Economic Research, Inc (2005) Downloads View citations (61)

    See also Journal Article in International Journal of Central Banking (2005)
  3. Social Value of Public Information: Morris and Shin (2002) Is Actually Pro Transparency, Not Con
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)
  4. Time Consistency of Fiscal and Monetary Policy: A Solution
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in Seminar Papers, Stockholm University, Institute for International Economic Studies (2004) Downloads
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) Downloads View citations (6)

    See also Journal Article in Econometrica (2006)

2004

  1. Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank
    IMF Working Papers, International Monetary Fund Downloads View citations (21)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) Downloads View citations (22)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (22)

    See also Journal Article in American Economic Review (2007)
  2. Implementing Optimal Policy Through Inflation-Forecast Targeting
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (101)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) Downloads View citations (83)

    See also Chapter (2004)
  3. Optimal Policy with Low-Probability Extreme Events
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) Downloads View citations (13)
  4. Targeting Rules vs. Instrument Rules for Monetary Policy: What is Wrong with McCallum and Nelson?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
  5. 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 Downloads View citations (14)

2003

  1. Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (243)
    See also Journal Article in Journal of Economic Perspectives (2003)
  2. Monetary Policy and Real Stabilization
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (38)
    Also in Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. (2002) Downloads View citations (54)

    See also Journal Article in Proceedings - Economic Policy Symposium - Jackson Hole (2002)
  3. Optimal Policy with Partial Information in a Forward-Looking Model: Certainty-Equivalence Redux
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (23)
  4. What is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (525)
    Also in Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. (2002) Downloads View citations (41)

    See also Journal Article in Journal of Economic Literature (2003)

2002

  1. An Independent Review of Monetary Policy and Institutions in Norway
    Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. Downloads View citations (30)
  2. Inflation Targeting: Should It Be Modeled as an Instrument Rule or a Targeting Rule?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (122)
    See also Journal Article in European Economic Review (2002)
  3. Money and Inflation in the Euro-Area: A Case for Monetary Indicators?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (37)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (73)
    BIS Working Papers, Bank for International Settlements (2001) Downloads View citations (37)

    See also Journal Article in Journal of Monetary Economics (2003)
  4. The Inflation Forecast and the Loss Function
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (13)

2001

  1. Indicator Variables for Optimal Policy under Asymmetric Information
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)
    Also in Seminar Papers, Stockholm University, Institute for International Economic Studies (2001) Downloads View citations (11)

    See also Journal Article in Journal of Economic Dynamics and Control (2004)

2000

  1. Does the P* Model Provide Any Rationale for Monetary Targeting?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (43)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) Downloads View citations (14)
    Working Papers, Stockholm - International Economic Studies (1999) View citations (7)
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1999) Downloads View citations (10)

    See also Journal Article in German Economic Review (2000)
  2. Eurosystem Monetary Targeting: Lessons from US Data
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (24)
    Also in Seminar Papers, Stockholm University, Institute for International Economic Studies (1999) Downloads View citations (34)
    Working Paper Series, Federal Reserve Bank of San Francisco (1999) Downloads View citations (4)
    NBER Working Papers, National Bureau of Economic Research, Inc (1999) Downloads View citations (34)
    Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) (1999) Downloads View citations (34)
    Working Papers, Stockholm - International Economic Studies (1999) View citations (40)

    See also Journal Article in European Economic Review (2002)
  3. How Should Monetary Policy be Conducted in an Era of Price Stability?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (64)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) Downloads View citations (103)
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1999) Downloads View citations (98)

    See also Journal Article in Proceedings - Economic Policy Symposium - Jackson Hole (1999)
  4. Indicator Variables for Optimal Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (71)
    Also in Seminar Papers, Stockholm University, Institute for International Economic Studies (2000) Downloads View citations (57)
    Working Paper Series, European Central Bank (2000) Downloads View citations (58)

    See also Journal Article in Journal of Monetary Economics (2003)
  5. Open-Economy Inflation Targeting
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (750)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) Downloads View citations (211)
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1998) Downloads View citations (101)
    Working Papers, Stockholm - International Economic Studies (1998) View citations (62)

    See also Journal Article in Journal of International Economics (2000)
  6. The First Year Of The Eurosystem: Inflation Targeting Or Not?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (47)
    Also in Seminar Papers, Stockholm University, Institute for International Economic Studies (2000) Downloads View citations (49)
    NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (50)

    See also Journal Article in American Economic Review (2000)
  7. The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap
    Seminar Papers, Stockholm University, Institute for International Economic Studies Downloads View citations (49)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (51)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) Downloads View citations (90)

    See also Journal Article in Monetary and Economic Studies (2001)

1999

  1. Monetary Policy Issues for the Eurosystem
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (111)
    Also in Seminar Papers, Stockholm University, Institute for International Economic Studies (1999) Downloads View citations (108)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) Downloads View citations (110)
    Working Papers, Stockholm - International Economic Studies (1999) View citations (82)

    See also Journal Article in Proceedings (1999)
  2. Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
    Also in Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) (1999) Downloads View citations (23)
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1999) Downloads View citations (34)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) Downloads View citations (23)
    Working Papers, Stockholm - International Economic Studies (1999) View citations (15)

    See also Chapter (2001)
  3. The Equilibrium Degree of Transparency and Control in Monetary Policy
    Seminar Papers, Stockholm University, Institute for International Economic Studies Downloads View citations (18)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1999) Downloads View citations (57)
    NBER Working Papers, National Bureau of Economic Research, Inc (1999) Downloads View citations (19)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) Downloads View citations (18)
    Working Papers, Stockholm - International Economic Studies (1999) View citations (16)

    See also Journal Article in Journal of Money, Credit and Banking (2002)

1998

  1. Inflation Targeting as a Monetary Policy Rule
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (70)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (1998) Downloads View citations (63)
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1998) Downloads View citations (62)
    Working Papers, Stockholm - International Economic Studies (1998) View citations (72)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) Downloads View citations (63)

    See also Journal Article in Journal of Monetary Economics (1999)
  2. Policy Rules for Inflation Targeting
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (188)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) Downloads View citations (148)
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco (1998) View citations (55)
    Working Papers, Stockholm - International Economic Studies (1998) View citations (122)
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1998) Downloads View citations (145)

    See also Chapter (1999)
    Journal Article in Proceedings (1998)
  3. Transparency and Credibility: Monetary Policy with Unobservable Goals
    Working Papers, Stockholm - International Economic Studies View citations (30)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1998) Downloads View citations (148)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) Downloads View citations (42)
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) Downloads View citations (60)
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1998) Downloads View citations (42)

    See also Journal Article in International Economic Review (2001)

1997

  1. Debt, cash flow and inflation incentives: A Swedish example
    Seminar Papers, Stockholm University, Institute for International Economic Studies Downloads View citations (25)
    Also in Working Papers, Stockholm - International Economic Studies (1996) View citations (26)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) Downloads View citations (19)
    NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (19)

    See also Chapter (1998)
  2. Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets
    Seminar Papers, Stockholm University, Institute for International Economic Studies Downloads View citations (1032)
    Also in Working Papers, Stockholm - International Economic Studies (1996) View citations (30)
    NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (504)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) Downloads View citations (56)
    Bank of England working papers, Bank of England (1996) Downloads View citations (45)

    See also Journal Article in European Economic Review (1997)
  3. Inflation Targeting: Some Extensions
    Working Papers, Stockholm - International Economic Studies View citations (85)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) Downloads View citations (144)
    Seminar Papers, Stockholm University, Institute for International Economic Studies (1997) Downloads View citations (107)

    See also Journal Article in Scandinavian Journal of Economics (1999)
  4. Inflation targeting in an open economy: strict or flexible inflation targeting?
    Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand Downloads View citations (42)
  5. New Techniques to Extract Market Expectations from Financial Instruments
    Seminar Papers, Stockholm University, Institute for International Economic Studies Downloads View citations (199)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) Downloads View citations (212)
    Working Papers, Stockholm - International Economic Studies (1996) View citations (12)
    NBER Working Papers, National Bureau of Economic Research, Inc (1997) Downloads View citations (210)
    SSE/EFI Working Paper Series in Economics and Finance, Stockholm School of Economics (1996) View citations (6)

    See also Journal Article in Journal of Monetary Economics (1997)
  6. Price Level Targeting vs. Inflation Targeting: A Free Lunch?
    Seminar Papers, Stockholm University, Institute for International Economic Studies Downloads View citations (7)
    Also in Working Papers, Stockholm - International Economic Studies (1996) View citations (40)
    NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (20)

1996

  1. Price-level Targeting versus Inflation Targeting: A Free Lunch?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (23)
    See also Journal Article in Journal of Money, Credit and Banking (1999)

1995

  1. Optimal Inflation Targets, 'Conservative' Central Banks, and Linear Inflation Contracts
    Working Papers, Stockholm - International Economic Studies View citations (20)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) Downloads View citations (127)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) Downloads View citations (105)

    See also Journal Article in American Economic Review (1997)
  2. The Swedish Experience of an Inflation Target
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (35)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) Downloads View citations (35)
    Working Papers, Stockholm - International Economic Studies (1994)

1994

  1. Estimating and Interpreting Foreward Interest Rates: Sweden 1992-1994
    Working Papers, Stockholm - International Economic Studies View citations (37)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) Downloads View citations (404)
    IMF Working Papers, International Monetary Fund (1994) Downloads View citations (382)
  2. Estimating and Interpreting Forward Interest Rates: Sweden 1992-4
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (252)
  3. Fixed Exchange Rates as a Means to Price Stability: What Have We Learned?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (52)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) Downloads View citations (43)
    Working Papers, Stockholm - International Economic Studies (1993) View citations (12)

    See also Journal Article in European Economic Review (1994)
  4. How Long Do Unilateral Target Zones Last?
    DELTA Working Papers, DELTA (Ecole normale supérieure)
    Also in Working Papers, Stockholm - International Economic Studies (1991) View citations (2)
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research (1991) View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (1991) Downloads View citations (14)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1992) Downloads View citations (1)
    Working Papers, HAL (1993)

    See also Journal Article in Journal of International Economics (1994)
  5. Monetary Policy with Flexible Exchange Rates and Forward Interest Rates as Indicators
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (38)
    Also in Working Papers, Stockholm - International Economic Studies (1993)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1994) Downloads View citations (39)
  6. The Operation and Collapse of Fixed Exchange Rate Regimes
    Working Papers, Stockholm - International Economic Studies View citations (43)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) Downloads View citations (22)

    See also Chapter (1995)
  7. The Simplest Test of Inflation Target Credibility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (4)
    Also in Working Papers, Stockholm - International Economic Studies (1993) View citations (35)
    NBER Working Papers, National Bureau of Economic Research, Inc (1993) Downloads View citations (40)

1993

  1. European Exchange Rate Credibility Before the Fall
    Working Papers, Stockholm - International Economic Studies View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) Downloads View citations (13)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1993) Downloads View citations (20)

    See also Journal Article in European Economic Review (1994)
  2. Term, Inflation and Foreign Exchange Risk Premia: A Unified Treatment
    Working Papers, Stockholm - International Economic Studies View citations (12)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) Downloads View citations (14)

1992

  1. The Credibility of Nordic Exchange Rate Bands: 1987-1991
    IMF Working Papers, International Monetary Fund Downloads View citations (1)
  2. Why Exchange Rate Bands? Monetary Independence in Spite of Fixed Exchange Rates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (55)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1992) Downloads View citations (9)
    Working Papers, Stockholm - International Economic Studies (1992) View citations (11)

    See also Journal Article in Journal of Monetary Economics (1994)

1991

  1. Assessing Target Zone Credibility: Mean Reversion and Devaluation Expectations in the EMS
    IMF Working Papers, International Monetary Fund Downloads View citations (15)
    Also in Working Papers, Stockholm - International Economic Studies (1991) View citations (13)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1991) Downloads View citations (14)
  2. Assessing Target Zone Credibility: Mean Reversion and Devaluation Expectations in the ERM 1979-1992
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    See also Journal Article in European Economic Review (1993)
  3. Devaluation Expectations: The Swedish Krona 1982-1991
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    Also in Working Papers, Stockholm - International Economic Studies (1991) View citations (6)
  4. Expected and Predicted Realignments: The FF/DM Exchange Rate During the EMS
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1991) Downloads View citations (46)
    Working Papers, Stockholm - International Economic Studies (1991) View citations (38)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1991) Downloads View citations (44)
  5. Stochastic Devaluation Risk and the Empirical Fit of Target Zone Models
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (47)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1991) Downloads View citations (24)
    Working Papers, Stockholm - International Economic Studies (1990) View citations (9)

    See also Journal Article in Review of Economic Studies (1993)
  6. Swedish Business Cycles: 1861-1988
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (1)
    Also in Working Papers, Uppsala - Working Paper Series (1990)

    See also Journal Article in Journal of Monetary Economics (1992)
  7. The Foreign Exchange Risk Premium in a Target Zone with Devaluation Risk
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) Downloads View citations (20)
    Working Papers, Stockholm - International Economic Studies (1990) View citations (23)

    See also Journal Article in Journal of International Economics (1992)
  8. The Simplest Test of Target Zone Credibility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (108)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) Downloads View citations (10)
    Working Papers, Stockholm - International Economic Studies (1990) View citations (12)

    See also Journal Article in IMF Staff Papers (1991)
  9. The Term Structure of Interest Rate Differentials in a Target Zone: Theory and Swedish Data
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (73)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) Downloads View citations (40)
    Working Papers, Stockholm - International Economic Studies (1990) View citations (15)

    See also Journal Article in Journal of Monetary Economics (1991)

1990

  1. Nontraded Assets in Incomplete Markets: Pricing and Portfolio Choices
    Working Papers, Stockholm - International Economic Studies View citations (1)
    See also Journal Article in European Economic Review (1993)
  2. Policy Inconsistency and External Debt Service
    Working Papers, Stockholm - International Economic Studies View citations (1)
    See also Journal Article in Journal of International Money and Finance (1994)
  3. Target Zones and Interest Rate Variability
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (1)
    Also in IMF Working Papers, International Monetary Fund (1990) Downloads View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (1989) Downloads View citations (54)
    Working Papers, Stockholm - International Economic Studies (1989) View citations (11)

    See also Journal Article in Journal of International Economics (1991)

1989

  1. A REPLY OF: TIME CONSISTENCY OF FISCAL AND MONETARY POLICY, A COMMENT
    Working Papers, Stockholm - International Economic Studies
  2. Exchange Rate Variability And Asset Trade
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (24)
    See also Journal Article in Journal of Monetary Economics (1989)

1988

  1. PORTFOLIO CHOICE AND ASSET PRICING WITH NONTRADED ASSETS
    Working Papers, Stockholm - International Economic Studies View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1988) Downloads View citations (6)
  2. PORTFOLIO CHOICE WITH NON-EXPECTED UTILITY IN CONTINUOUS TIME
    Working Papers, Stockholm - International Economic Studies View citations (1)
    See also Journal Article in Economics Letters (1989)

1987

  1. Excess Capacity, Monopolistic Competition, and International Transmission of Monetary Disturbances
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (75)
    See also Journal Article in Economic Journal (1989)
  2. Trade in Nominal Assets: Monetary Policy, and Price Level and Exchange Rate Risk
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Journal of International Economics (1989)
  3. Trade in Risky Assets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    See also Journal Article in American Economic Review (1988)

1986

  1. Laws as Assets: A Possible Solution to the Time Consistency Problem
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)

1985

  1. Capital Flows, Investment, and Exchange Rates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (32)
    See also Journal Article in Journal of Monetary Economics (1987)

1983

  1. Current Account Dynamics and the Terms of Trade: Harberger-Laursen-Metzler Two Generations Later
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    See also Journal Article in Journal of Political Economy (1985)
  2. Is Optimism Good in a Keynesian Economy?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
  3. The Theorems of International Trade with Factor Mobility
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Journal of International Economics (1986)
  4. Trade in Goods and Factors with International Differences in Technology
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    See also Journal Article in International Economic Review (1985)
  5. World Equilibrium with Oil Price Increases: An Intertemporal Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Oxford Economic Papers (1984)

1982

  1. Adjustment to Expected and Unexpected Oil Price Changes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Canadian Journal of Economics (1984)
  2. Factor Trade and Goods Trade
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    See also Journal Article in Journal of International Economics (1984)
  3. Inflation, Monetary Velocity, and Welfare
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  4. Oil Prices, Welfare and the Trade Balance: An Intertemporal Approach
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
  5. On Variable Capital Utilization and International Trade Theory
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Economics Letters (1983)
  6. Structural Differences and Macroeconomic Adjustment to Oil Price Increases in a Three-Country Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)

Journal Articles

2020

  1. Monetary Policy Strategies for the Federal Reserve
    International Journal of Central Banking, 2020, 16, (1), 133-193 Downloads View citations (25)
    See also Working Paper (2020)
  2. What Rule for the Federal Reserve? Forecast Targeting
    International Journal of Central Banking, 2020, 16, (6), 39-95 Downloads View citations (2)
    See also Working Paper (2019)

2018

  1. La relación entre política monetaria y política de estabilización financiera
    Journal Economía Chilena (The Chilean Economy), 2018, 21, (2), 082-106 Downloads
  2. Monetary policy and macroprudential policy: Different and separate?
    Canadian Journal of Economics, 2018, 51, (3), 802-827 Downloads View citations (20)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2018, 51, (3), 802-827 (2018) Downloads View citations (19)

    See also Working Paper (2018)

2017

  1. Commentary: Leaning Against the Wind: Costs and Benefits, Effects on Debt, Leaning in DSGE Models, and a Framework for Comparison of Results
    International Journal of Central Banking, 2017, 13, (3), 385-408 Downloads View citations (8)
  2. Cost-benefit analysis of leaning against the wind
    Journal of Monetary Economics, 2017, 90, (C), 193-213 Downloads View citations (103)
    See also Working Paper (2017)

2016

  1. Inflation Targeting and "Leaning Against the Wind"
    Israel Economic Review, 2016, 13, (1), 91-99 Downloads View citations (1)
    Also in International Journal of Central Banking, 2014, 10, (2), 103-114 (2014) Downloads View citations (82)

2015

  1. Comment
    NBER Macroeconomics Annual, 2015, 29, (1), 345 - 353 Downloads
  2. Day One Keynote Address: Forward Guidance
    International Journal of Central Banking, 2015, 11, (4), 19-64 Downloads View citations (17)
  3. The Possible Unemployment Cost of Average Inflation below a Credible Target
    American Economic Journal: Macroeconomics, 2015, 7, (1), 258-96 Downloads View citations (35)
    See also Chapter (2013)
    Working Paper (2013)

2014

  1. How to Weigh Unemployment Relative to Inflation in Monetary Policy?
    Journal of Money, Credit and Banking, 2014, 46, (S2), 183-188 Downloads View citations (4)
  2. Monetary policy trade-offs in an estimated open-economy DSGE model
    Journal of Economic Dynamics and Control, 2014, 42, (C), 33-49 Downloads View citations (16)
    See also Working Paper (2009)

2013

  1. Comment
    NBER International Seminar on Macroeconomics, 2013, 9, (1), 49 - 54 Downloads

2011

  1. Anticipated Alternative policy Rate Paths in Plicy Simulations
    International Journal of Central Banking, 2011, 7, (3), 1-35 Downloads View citations (87)
    See also Working Paper (2011)
  2. Monetary policy after the crisis
    Proceedings, 2011, (Nov), 35-49 Downloads View citations (5)
  3. Optimal Monetary Policy in an Operational Medium-Sized DSGE Model
    Journal of Money, Credit and Banking, 2011, 43, (7), 1287-1331 Downloads View citations (63)
    Also in Journal of Money, Credit and Banking, 2011, 43, (7), 1287-1331 (2011) Downloads View citations (8)

    See also Working Paper (2011)
  4. Practical Monetary Policy: Examples from Sweden and the United States
    Brookings Papers on Economic Activity, 2011, 42, (2 (Fall)), 289-352 Downloads View citations (45)
    See also Working Paper (2012)

2010

  1. Monetary Policy and Financial Markets at the Effective Lower Bound
    Journal of Money, Credit and Banking, 2010, 42, (s1), 229-242 Downloads
    Also in Journal of Money, Credit and Banking, 2010, 42, (s1), 229-242 (2010) View citations (10)
  2. Technology, Institutions and Allocation of Time in Swedish Households, 1920-1990
    Economies et Sociétés (Serie 'Histoire Economique Quantitative'), 2010, (41), 21-46 Downloads

2008

  1. Optimal monetary policy under uncertainty: a Markov jump-linear-quadratic approach
    Review, 2008, 90, (Jul), 275-294 Downloads View citations (13)

2007

  1. 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 Downloads View citations (102)
    See also Working Paper (2004)

2006

  1. Social Value of Public Information: Comment: Morris and Shin (2002) Is Actually Pro-Transparency, Not Con
    American Economic Review, 2006, 96, (1), 448-452 Downloads View citations (209)
  2. Time Consistency of Fiscal and Monetary Policy: A Solution
    Econometrica, 2006, 74, (1), 193-212 Downloads View citations (55)
    See also Working Paper (2005)

2005

  1. Monetary Policy with Judgment: Forecast Targeting
    International Journal of Central Banking, 2005, 1, (1) Downloads View citations (114)
    See also Working Paper (2005)
  2. Optimal Policy Projections
    International Journal of Central Banking, 2005, 1, (3) Downloads View citations (62)
    See also Working Paper (2005)
  3. Targeting versus instrument rules for monetary policy: what is wrong with McCallum and Nelson?
    Review, 2005, 87, (Sep), 613-626 Downloads View citations (17)

2004

  1. Commentary on Practical problems and obstacles to inflation targeting
    Review, 2004, 86, (Jul), 161-164 Downloads View citations (1)
  2. Indicator variables for optimal policy under asymmetric information
    Journal of Economic Dynamics and Control, 2004, 28, (4), 661-690 Downloads View citations (112)
    See also Working Paper (2001)
  3. Política monetaria y aprendizaje
    Boletín, 2004, L, (1), 9-14 Downloads

2003

  1. Comment on: The future of monetary aggregates in monetary policy analysis
    Journal of Monetary Economics, 2003, 50, (5), 1061-1070 Downloads View citations (24)
  2. Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others
    Journal of Economic Perspectives, 2003, 17, (4), 145-166 Downloads View citations (279)
    See also Working Paper (2003)
  3. Indicator variables for optimal policy
    Journal of Monetary Economics, 2003, 50, (3), 691-720 Downloads View citations (209)
    Also in Proceedings, 2000 (2000) Downloads View citations (48)

    See also Working Paper (2000)
  4. Monetary policy and learning
    Economic Review, 2003, 88, (Q3), 11-16 Downloads View citations (10)
  5. Money and inflation in the euro area: A case for monetary indicators?
    Journal of Monetary Economics, 2003, 50, (8), 1649-1672 Downloads View citations (215)
    See also Working Paper (2002)
  6. What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules
    Journal of Economic Literature, 2003, 41, (2), 426-477 Downloads View citations (552)
    See also Working Paper (2003)

2002

  1. Eurosystem monetary targeting: Lessons from U.S. data
    European Economic Review, 2002, 46, (3), 417-442 Downloads View citations (131)
    See also Working Paper (2000)
  2. Inflation targeting: Should it be modeled as an instrument rule or a targeting rule?
    European Economic Review, 2002, 46, (4-5), 771-780 Downloads View citations (144)
    See also Working Paper (2002)
  3. Monetary policy and real stabilization
    Proceedings - Economic Policy Symposium - Jackson Hole, 2002, 261-312 Downloads View citations (24)
    See also Working Paper (2003)
  4. The Equilibrium Degree of Transparency and Control in Monetary Policy
    Journal of Money, Credit and Banking, 2002, 34, (2), 520-39 View citations (90)
    See also Working Paper (1999)

2001

  1. Independent review of the operation of monetary policy in New Zealand
    Reserve Bank of New Zealand Bulletin, 2001, 64 Downloads View citations (81)
  2. Response to Seitz and Tödter, `How the P* Model Rationalizes Monetary Targeting: A Comment on Svensson'
    German Economic Review, 2001, 2, (3), 309-312 Downloads View citations (3)
    Also in German Economic Review, 2001, 2, (3), 309-312 (2001) Downloads
  3. 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 Downloads View citations (239)
    See also Working Paper (2000)
  4. Transparency and Credibility: Monetary Policy with Unobservable Goals
    International Economic Review, 2001, 42, (2), 369-97 View citations (272)
    See also Working Paper (1998)

2000

  1. Does the P* Model Provide Any Rationale for Monetary Targeting?
    German Economic Review, 2000, 1, (1), 69-81 Downloads View citations (44)
    Also in German Economic Review, 2000, 1, (1), 69-81 (2000) Downloads View citations (45)

    See also Working Paper (2000)
  2. Open-economy inflation targeting
    Journal of International Economics, 2000, 50, (1), 155-183 Downloads View citations (742)
    See also Working Paper (2000)
  3. The First Year of the Eurosystem: Inflation Targeting or Not?
    American Economic Review, 2000, 90, (2), 95-99 Downloads View citations (47)
    See also Working Paper (2000)

1999

  1. How should monetary policy be conducted in an era of price stability?
    Proceedings - Economic Policy Symposium - Jackson Hole, 1999, 195-259 Downloads View citations (54)
    See also Working Paper (2000)
  2. Inflation Targeting: Some Extensions
    Scandinavian Journal of Economics, 1999, 101, (3), 337-361 Downloads View citations (125)
    See also Working Paper (1997)
  3. Inflation targeting as a monetary policy rule
    Journal of Monetary Economics, 1999, 43, (3), 607-654 Downloads View citations (664)
    See also Working Paper (1998)
  4. Monetary policy issues for the Eurosystem
    Proceedings, 1999 View citations (87)
    Also in Carnegie-Rochester Conference Series on Public Policy, 1999, 51, (1), 79-136 (1999) Downloads View citations (108)

    See also Working Paper (1999)
  5. Price-Level Targeting versus Inflation Targeting: A Free Lunch?
    Journal of Money, Credit and Banking, 1999, 31, (3), 277-95 View citations (161)
    See also Working Paper (1996)

1998

  1. Policy rules for inflation targeting
    Proceedings, 1998, (Mar) View citations (388)
    See also Working Paper (1998)
    Chapter (1999)

1997

  1. Inflation forecast targeting: Implementing and monitoring inflation targets
    European Economic Review, 1997, 41, (6), 1111-1146 Downloads View citations (1018)
    See also Working Paper (1997)
  2. New techniques to extract market expectations from financial instruments
    Journal of Monetary Economics, 1997, 40, (2), 383-429 Downloads View citations (211)
    See also Working Paper (1997)
  3. Optimal Inflation Targets, "Conservative" Central Banks, and Linear Inflation Contracts
    American Economic Review, 1997, 87, (1), 98-114 Downloads View citations (489)
    See also Working Paper (1995)

1996

  1. How should monetary policy respond to shocks while maintaining long-run price stability? Conceptual issues (commentary)
    Proceedings - Economic Policy Symposium - Jackson Hole, 1996, 209-227 Downloads View citations (5)

1994

  1. European exchange rate credibility before the fall
    European Economic Review, 1994, 38, (6), 1185-1216 Downloads View citations (136)
    See also Working Paper (1993)
  2. Fixed exchange rates as a means to price stability: What have we learned?
    European Economic Review, 1994, 38, (3-4), 447-468 Downloads View citations (51)
    See also Working Paper (1994)
  3. How long do unilateral target zones last?
    Journal of International Economics, 1994, 36, (3-4), 467-481 Downloads View citations (14)
    See also Working Paper (1994)
  4. Policy inconsistency and external debt service
    Journal of International Money and Finance, 1994, 13, (3), 364-374 Downloads View citations (7)
    See also Working Paper (1990)
  5. Why exchange rate bands?: Monetary independence in spite of fixed exchange rates
    Journal of Monetary Economics, 1994, 33, (1), 157-199 Downloads View citations (110)
    See also Working Paper (1992)

1993

  1. Assessing target zone credibility: Mean reversion and devaluation expectations in the ERM, 1979-1992
    European Economic Review, 1993, 37, (4), 763-793 Downloads View citations (38)
    See also Working Paper (1991)
  2. Devaluation Expectations: The Swedish Krona 1985-92
    Economic Journal, 1993, 103, (420), 1170-79 Downloads View citations (10)
  3. Nontraded assets in incomplete markets: Pricing and portfolio choice
    European Economic Review, 1993, 37, (5), 1149-1168 Downloads View citations (75)
    See also Working Paper (1990)
  4. Stochastic Devaluation Risk and the Empirical Fit of Target-Zone Models
    Review of Economic Studies, 1993, 60, (3), 689-712 Downloads View citations (173)
    See also Working Paper (1991)

1992

  1. An Interpretation of Recent Research on Exchange Rate Target Zones
    Journal of Economic Perspectives, 1992, 6, (4), 119-144 Downloads View citations (161)
  2. Swedish business cycles: 1861-1988
    Journal of Monetary Economics, 1992, 30, (3), 343-371 Downloads View citations (15)
    See also Working Paper (1991)
  3. The foreign exchange risk premium in a target zone with devaluation risk
    Journal of International Economics, 1992, 33, (1-2), 21-40 Downloads View citations (76)
    See also Working Paper (1991)

1991

  1. Target zones and interest rate variability
    Journal of International Economics, 1991, 31, (1-2), 27-54 Downloads View citations (68)
    See also Working Paper (1990)
  2. The Simplest Test of Target Zone Credibility
    IMF Staff Papers, 1991, 38, (3), 655-665 Downloads View citations (97)
    See also Working Paper (1991)
  3. The term structure of interest rate differentials in a target zone: Theory and Swedish data
    Journal of Monetary Economics, 1991, 28, (1), 87-116 Downloads View citations (62)
    See also Working Paper (1991)

1989

  1. Excess Capacity, Monopolistic Competition, and International Transmission of Monetary Disturbances
    Economic Journal, 1989, 99, (397), 785-805 Downloads View citations (144)
    See also Working Paper (1987)
  2. Exchange rate variability and asset trade
    Journal of Monetary Economics, 1989, 23, (3), 485-509 Downloads View citations (32)
    See also Working Paper (1989)
  3. Portfolio choice with non-expected utility in continuous time
    Economics Letters, 1989, 30, (4), 313-317 Downloads View citations (85)
    See also Working Paper (1988)
  4. Trade in nominal assets: Monetary policy, and price level and exchange rate risk
    Journal of International Economics, 1989, 26, (1-2), 1-28 Downloads View citations (11)
    See also Working Paper (1987)
  5. Why a Stubborn Conservative would Run a Deficit: Policy with Time-Inconsistent Preferences
    The Quarterly Journal of Economics, 1989, 104, (2), 325-345 Downloads View citations (228)

1988

  1. Money and Banking in a Cash-in-Advance Economy
    International Economic Review, 1988, 29, (4), 681-705 Downloads View citations (18)
  2. Social Contracts as Assets: A Possible Solution to the Time-Consistency Problem
    American Economic Review, 1988, 78, (4), 662-77 Downloads View citations (98)
  3. Trade in Risky Assets
    American Economic Review, 1988, 78, (3), 375-94 Downloads View citations (50)
    See also Working Paper (1987)

1987

  1. Capital flows, investment, and exchange rates
    Journal of Monetary Economics, 1987, 19, (2), 171-201 Downloads View citations (45)
    See also Working Paper (1985)
  2. Time Consistency of Fiscal and Monetary Policy
    Econometrica, 1987, 55, (6), 1419-31 Downloads View citations (75)

1986

  1. Adjustment to Expected and Unexpected Oil Price Changes: Corrigendum
    Canadian Journal of Economics, 1986, 19, (4), 816-17 Downloads
  2. Sticky Goods Prices, Flexible Asset Prices, Monopolistic Competition, and Monetary Policy
    Review of Economic Studies, 1986, 53, (3), 385-405 Downloads View citations (56)
  3. The terms of trade between oil importers
    Journal of International Economics, 1986, 20, (1-2), 99-113 Downloads View citations (1)
  4. The theoremes of international trade with factor mobility
    Journal of International Economics, 1986, 20, (1-2), 21-42 Downloads View citations (16)
    See also Working Paper (1983)
  5. Trade Unions and Optimal Labour Contracts
    Economic Journal, 1986, 96, (382), 323-41 Downloads View citations (22)

1985

  1. 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 Downloads View citations (57)
  2. Current Account Dynamics and the Terms of Trade: Harberger-Laursen-Metzler Two Generations Later
    Journal of Political Economy, 1985, 93, (1), 43-65 Downloads View citations (94)
    See also Working Paper (1983)
  3. Inflation, Interest Rates, and Welfare
    The Quarterly Journal of Economics, 1985, 100, (3), 677-695 Downloads View citations (3)
  4. Money and Asset Prices in a Cash-in-Advance Economy
    Journal of Political Economy, 1985, 93, (5), 919-44 Downloads View citations (239)
  5. Trade in Goods and Factors with International Differences in Technology
    International Economic Review, 1985, 26, (1), 175-92 Downloads View citations (35)
    See also Working Paper (1983)

1984

  1. Adjustment to Expected and Unexpected Oil Price Changes
    Canadian Journal of Economics, 1984, 17, (1), 15-31 Downloads View citations (3)
    See also Working Paper (1982)
  2. Factor trade and goods trade
    Journal of International Economics, 1984, 16, (3-4), 365-378 Downloads View citations (30)
    See also Working Paper (1982)
  3. 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 Downloads
  4. Misperceptions, rigidity and welfare
    European Economic Review, 1984, 25, (3), 387-399 Downloads
  5. Oil Prices, Welfare, and the Trade Balance
    The Quarterly Journal of Economics, 1984, 99, (4), 649-672 Downloads View citations (26)
  6. Time-consistent fiscal policy and government cash-flow
    Journal of Monetary Economics, 1984, 14, (3), 365-374 Downloads View citations (15)
  7. Walrasian and Marshallian stability
    Journal of Economic Theory, 1984, 34, (2), 371-379 Downloads View citations (2)
  8. World Equilibrium with Oil Price Increases: An Intertemporal Analysis
    Oxford Economic Papers, 1984, 36, (1), 86-102 Downloads View citations (14)
    See also Working Paper (1983)

1983

  1. On the choice between capital import and labor export
    European Economic Review, 1983, 20, (1-3), 167-192 Downloads
  2. On variable capital utilization and international trade theory
    Economics Letters, 1983, 11, (4), 377-384 Downloads
    See also Working Paper (1982)
  3. Optimal subsidies to declining industries: Efficiency and equity considerations
    Journal of Public Economics, 1983, 22, (3), 327-345 Downloads View citations (4)
  4. The Terms of Trade and the Current Account: The Harberger-Laursen-Metzler Effect
    Journal of Political Economy, 1983, 91, (1), 97-125 Downloads View citations (232)
  5. The current account and the optimal government debt
    Journal of International Money and Finance, 1983, 2, (2), 215-224 Downloads View citations (13)
  6. Trade taxes and the current account
    Economics Letters, 1983, 13, (1), 55-57 Downloads View citations (35)

1982

  1. On the welfare effects of a duty-free zone
    Journal of International Economics, 1982, 13, (1-2), 45-64 Downloads View citations (22)

1981

  1. Efficiency and Speculation in a Model with Price-Contingent Contracts
    Econometrica, 1981, 49, (1), 131-51 Downloads View citations (13)

1980

  1. Effective Demand and Stochastic Rationing
    Review of Economic Studies, 1980, 47, (2), 339-355 Downloads View citations (16)

1979

  1. CAN SCRAP SAVE US FROM DEPLETION?
    Natural Resources Forum, 1979, 3, (4), 365-378 Downloads View citations (1)

1977

  1. 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 Downloads

1976

  1. Sequences of temporary equilibria, stationary point expectations, and Pareto efficiency
    Journal of Economic Theory, 1976, 13, (2), 169-183 Downloads View citations (3)

Books

2003

  1. International Seminar on Macroeconomics (ISOM) 2002
    NBER Books, National Bureau of Economic Research, Inc

Chapters

2019

  1. The Relation between Monetary Policy and Financial-Stability Policy
    Chapter 09 in Monetary Policy and Financial Stability: Transmission Mechanisms and Policy Implications, 2019, vol. 26, pp 283-310 Downloads View citations (1)

2014

  1. Comment on "Effective Monetary Policy Strategies in New Keynesian Models: A Reexamination"
    A chapter in NBER Macroeconomics Annual 2014, Volume 29, 2014, pp 345-353 Downloads

2013

  1. Comment on "The Great Inflation Drift"
    A chapter in The Great Inflation: The Rebirth of Modern Central Banking, 2013, pp 209-213 Downloads
  2. The Possible Unemployment Cost of Average Inflation below a Credible Target
    A chapter in Lessons from the Financial Crisis for Monetary Policy, 2013 View citations (7)
    See also Journal Article in American Economic Journal: Macroeconomics (2015)
    Working Paper (2013)

2012

  1. Comment on "Capital Account Policies and the Real Exchange Rate"
    A chapter in NBER International Seminar on Macroeconomics 2012, 2012, pp 49-54 Downloads
  2. Evaluating Monetary Policy
    Chapter 11 in The Taylor Rule and the Transformation of Monetary Policy, 2012 Downloads View citations (9)
    See also Working Paper (2009)

2010

  1. Inflation Targeting
    Chapter 22 in Handbook of Monetary Economics, 2010, vol. 3, pp 1237-1302 Downloads
    See also Working Paper (2010)

2009

  1. Optimal Monetary Policy under Uncertainty in DSGE Models: A Markov Jump-Linear-Quadratic Approach
    Chapter 3 in Monetary Policy under Uncertainty and Learning, 2009, vol. 13, pp 077-114 Downloads View citations (15)
    See also Working Paper (2008)

2007

  1. Current Account Dynamics and Monetary Policy
    A chapter in International Dimensions of Monetary Policy, 2007, pp 199-244 Downloads View citations (7)
    See also Working Paper (2008)
  2. Optimal inflation Targeting: Further Developments of Inflation Targeting
    Chapter 6 in Monetary Policy under Inflation Targeting, 2007, vol. 11, pp 187-225 Downloads View citations (18)
    See also Working Paper (2006)

2004

  1. Implementing Optimal Policy through Inflation-Forecast Targeting
    A chapter in The Inflation-Targeting Debate, 2004 Downloads View citations (37)
    See also Working Paper (2004)

2001

  1. Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability
    Palgrave Macmillan View citations (13)
    See also Working Paper (1999)

1999

  1. Policy Rules for Inflation Targeting
    A chapter in Monetary Policy Rules, 1999, pp 203-262 Downloads View citations (694)
    See also Working Paper (1998)
    Journal Article in Proceedings (1998)

1998

  1. Debt, Cash Flow and Inflation Incentives: A Swedish Example
    Palgrave Macmillan View citations (27)
    See also Working Paper (1997)

1995

  1. The operation and collapse of fixed exchange rate regimes
    Chapter 36 in Handbook of International Economics, 1995, vol. 3, pp 1865-1911 Downloads View citations (63)
    See also Working Paper (1994)

1991

  1. Comment
    Palgrave Macmillan
 
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