TY  - JOUR
AU  - Svensson,Lars E.O.
TI  - Inflation Targeting as a Monetary Policy Rule
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 6790
PY  - 1998
Y2  - November 1998
UR  - http://www.nber.org/papers/w6790
L1  - http://www.nber.org/papers/w6790.pdf
N1  - Author contact info:
Lars E.O. Svensson
Sveriges Riksbank
SE-103 37 Stockholm
SWEDEN
Tel: +46 8 787 0107
Fax: +46 8 21 0531
E-Mail: lars.svensson@iies.su.se
AB  - 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.
ER  -