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Inflation Forecast Targeting : Implementaing and Monitoring Inflation Targets

Author

Listed:
  • Svensson, L-E-O

Abstract

Inflation targeting is shown to imply inflation forecast targeting : the central bank's inflation forecast becomes an intermediate target. Inflation forecast targeting simplifies both implementaing and monitoring of monetary policy.

Suggested Citation

  • Svensson, L-E-O, 1996. "Inflation Forecast Targeting : Implementaing and Monitoring Inflation Targets," Papers 615, Stockholm - International Economic Studies.
    • Handle: RePEc:fth:stocin:615
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    Keywords

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    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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