NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Evaluating Monetary Policy

Lars E.O. Svensson

NBER Working Paper No. 15385
Issued in September 2009

---- Acknowledgements -----

Prepared for Koenig, Evan, and Robert Leeson, eds., From the Great Moderation to the Great Deviation: A Round-Trip Journey Based on the Work of John B. Taylor, forthcoming. A first version of this paper was presented as a speech given at Uppsala University on March 13, 2009. I am grateful to Björn Andersson, Mikael Apel, Carl-Andreas Claussen, Paolo Giordani, Gabriela Guibourg, Tora Hammar, Neil Howe, Eric Leeper, Lina Majtorp, Mattias Villani, Staffan Viotti, and Anders Vredin for assistance and helpful comments. The views presented here are my own and not necessarily those of other members of the Riksbank’s executive board or staff. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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