The Swedish Experience of an Inflation Target

Lars Svensson

No 4985, NBER Working Papers from National Bureau of Economic Research, Inc

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; considers 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 setup of monetary policy, the political division about monetary policy, and the insufficient transparency of and commitment to the current inflation- targeting policy.

JEL-codes: E52 F33 (search for similar items in EconPapers)
Date: 1995-01
Note: IFM ME
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (37)

Published as Inflation Targets, Leonardo Leiderman and Lars E.O. Svensson, editors. London: CEPR, 1995. pp 69-89

Downloads: (external link)
http://www.nber.org/papers/w4985.pdf (application/pdf)

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:nbr:nberwo:4985

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w4985

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().