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Inflation Targeting as a Monetary Policy Rule

  • Svensson, Lars E.O.

    ()

    (Institute for International Economic Studies, Stockholm University)

The purpose of the paper is to survey and discuss inflation targeting in the context of monetary policy rules. The paper provides a general conceptual 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 University, Institute for International Economic Studies in its series Seminar Papers with number 646.

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Length: 50 pages
Date of creation: 01 Aug 1998
Date of revision:
Handle: RePEc:hhs:iiessp:0646
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Institute for International Economic Studies, Stockholm University, S-106 91 Stockholm, Sweden

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Fax: +46-8-161443
Web page: http://www.iies.su.se/

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