Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability

Lars Svensson

Chapter 2 in The Monetary Transmission Process, 2001, pp 60-111 from Palgrave Macmillan

Abstract: Abstract The purpose of this chapter is to provide an up-to-date discussion of monetary policy with ‘price stability’ as the primary objective. The chapter discusses how ‘price stability’ can be defined, and how price stability can be maintained in practice. It also discusses some lessons for the Eurosystem.

Keywords: Monetary Policy; Central Bank; European Central Bank; Reaction Function; Price Stability (search for similar items in EconPapers)
Date: 2001
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Related works:
Working Paper: Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability (1999)
Working Paper: Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability (1999)
Working Paper: Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability (1999)
Working Paper: Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability (1999)
Working Paper: Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability (1999)
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DOI: 10.1057/9780230595996_3

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