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How to Weigh Unemployment Relative to Inflation in Monetary Policy?
Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies. Stockholm School of Economics, Sweden; Centre for Economic Policy Research (CEPR), United Kingdom; National Bureau of Economic Research (NBER), USA.
2014 (English)In: JOURNAL OF MONEY CREDIT AND BANKING, ISSN 0022-2879, Vol. 46, 183-188 p.Article in journal (Refereed) Published
Abstract [en]

The monetary policy mandate for the Federal Reserve and of the Riksbank are essentially the same and boil down to stabilizing inflation around the inflation target and employment or unemployment around a long-run sustainable rate. The relative weight on stabilizing unemployment or employment versus stabilizing inflation may be close to one. A positive unemployment-gap forecast normally calls for a positive inflation-gap forecast.

Place, publisher, year, edition, pages
2014. Vol. 46, 183-188 p.
Keyword [en]
E52, E58, inflation targeting, Federal Reserve, Sveriges Riksbank
National Category
Economics and Business
URN: urn:nbn:se:su:diva-109001DOI: 10.1111/jmcb.12158ISI: 000342831600009OAI: diva2:768855


Available from: 2014-12-05 Created: 2014-11-10 Last updated: 2014-12-05Bibliographically approved

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Svensson, Lars E. O.
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