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Inflation Targeting as a Monetary Policy Rule

  • Svensson, L.E.O.

The purpose of the paper is to survey and discuss inflation targeting in the context of monetary policy rules. The paper provides a general discussion of monetary policy rules, attempts to clarify the essential characteristics of inflation targeting, compares inflation targeting to other monetary policy rules,and draws some conclusions for the monetary policy of the European System of Central Banks.

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Paper provided by Stockholm - International Economic Studies in its series Papers with number 646.

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Date of creation: 1998
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Handle: RePEc:fth:stocin:646
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UNIVERSITY OF STOCKHOLM, INSTITUTE FOR INTERNATIONAL ECONOMIC STUDIES, S- 106 91 STOCKHOLM SWEDEN.

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