Pioneering price level targeting : The Swedish experience 1931-1937*
(1999) In The ICFAI Journal of Monetary Economics 43(3). p.525-551- Abstract
- In September 1931, Sweden became the first country to make the stabilization of the domestic price level the official goal of its monetary policy, actually the only country that so far has adopted such an explicit price level target. Starting from the issues and concepts familiar from research and policy experience of inflation targeting - as contrasted to price level targeting - this paper examines the evolution of the Swedish price level targeting in the 1930s. We bring out a number of similarities and differences between price stabilization in the 1930s and in the 1990s.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/138e7342-af24-4500-89f5-3e2bdf881318
- author
- Berg, Claes and Jonung, Lars LU
- publishing date
- 1999-06
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- price level stabilization, inflation targeting, monetary policy, Knut Wicksell, Sweden, E52, E58, E31
- in
- The ICFAI Journal of Monetary Economics
- volume
- 43
- issue
- 3
- pages
- 27 pages
- external identifiers
-
- scopus:0033147665
- ISSN
- 0972-9291
- DOI
- 10.1016/S0304-3932(99)00004-5
- language
- English
- LU publication?
- no
- additional info
- Cited By :50 Export Date: 22 February 2017
- id
- 138e7342-af24-4500-89f5-3e2bdf881318
- date added to LUP
- 2017-02-23 10:37:15
- date last changed
- 2022-01-30 18:20:33
@article{138e7342-af24-4500-89f5-3e2bdf881318, abstract = {{In September 1931, Sweden became the first country to make the stabilization of the domestic price level the official goal of its monetary policy, actually the only country that so far has adopted such an explicit price level target. Starting from the issues and concepts familiar from research and policy experience of inflation targeting - as contrasted to price level targeting - this paper examines the evolution of the Swedish price level targeting in the 1930s. We bring out a number of similarities and differences between price stabilization in the 1930s and in the 1990s.}}, author = {{Berg, Claes and Jonung, Lars}}, issn = {{0972-9291}}, keywords = {{price level stabilization; inflation targeting; monetary policy; Knut Wicksell; Sweden; E52; E58; E31}}, language = {{eng}}, number = {{3}}, pages = {{525--551}}, series = {{The ICFAI Journal of Monetary Economics}}, title = {{Pioneering price level targeting : The Swedish experience 1931-1937*}}, url = {{http://dx.doi.org/10.1016/S0304-3932(99)00004-5}}, doi = {{10.1016/S0304-3932(99)00004-5}}, volume = {{43}}, year = {{1999}}, }