Price Stability and the Swedish Monetary Experiment
نویسنده
چکیده
This commentary describes the CPI targeting regime implemented by the Swedish Riksbank during the 1930. This episode is revisited because some people believe that it would be infeasible for a central bank to target a price index successfully. A review of this episode shows that the Riksbank did not face any technical problems in achieving a stable CPI. JEL Codes: E52, E58, N14 Citation: Black, Susan, and William T. Gavin, " Price Stability and the Swedish Monetary Experiment," Federal Reserve Bank of Cleveland Economic Commentary, December 15, 1990.
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