The Swedish Experience of an Inflation Target

Lars Svensson

No 1103, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: The paper gives a brief account of the Swedish experience of an inflation target in a floating exchange rate regime; identifies, documents and discusses the current problems in Swedish monetary policy and their origins; suggests what can be done to remedy the problems; and draws some general conclusions. The two main current problems are the lack of credibility of the target and the significant risk that the target will be missed. The reasons for the lack of credibility include the fiscal situation, the institutional set-up of monetary policy, the political division about monetary policy, and the insufficient transparency of and commitment to the current inflation-targeting policy.

Keywords: Floating Exchange Rates; Monetary Policy (search for similar items in EconPapers)
JEL-codes: E32 F33 F41 (search for similar items in EconPapers)
Date: 1995-01
References: Add references at CitEc
Citations: View citations in EconPapers (37)

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=1103 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Working Paper: The Swedish Experience of an Inflation Target (1995)
Working Paper: The Swedish Experiences of Inflation Target (1994)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:1103

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... ers/dp.php?dpno=1103

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().