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Är ett nominellt BNP-mål lämpligt för Sverige?

Hansson, Oskar LU (2014) NEKN05 20132
Department of Economics
Abstract
The aim of this thesis is to analyze the arguments for and against different nominal GDP targets and to answer whether or not such a target might be appropriate for Sweden. My research question reads as follows: Is a nominal GDP target appropriate for Sweden?

The theoretical arguments for and against nominal GDP targets have been analysed by conducting a literature study. The conclusion is that a nominal GDP price level target of 5 % might be appropriate for Sweden. It is probable that such a target would counteract bubbles during a boom and speed up economic recovery during recession. In the long run it should not lead to higher inflation. Furthermore it might be easier to communicate since raising nominal GDP does not meet the same... (More)
The aim of this thesis is to analyze the arguments for and against different nominal GDP targets and to answer whether or not such a target might be appropriate for Sweden. My research question reads as follows: Is a nominal GDP target appropriate for Sweden?

The theoretical arguments for and against nominal GDP targets have been analysed by conducting a literature study. The conclusion is that a nominal GDP price level target of 5 % might be appropriate for Sweden. It is probable that such a target would counteract bubbles during a boom and speed up economic recovery during recession. In the long run it should not lead to higher inflation. Furthermore it might be easier to communicate since raising nominal GDP does not meet the same resistance as raising inflation. The debate should be intensified and more research about alternative monetary policy rules has to be conducted. (Less)
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author
Hansson, Oskar LU
supervisor
organization
course
NEKN05 20132
year
type
H1 - Master's Degree (One Year)
subject
keywords
inflation targeting, monetarism., monetary policy, policy evaluation, NGDPLT, NGDP, Nominal GDP, monetary policy rules
language
Swedish
id
4316774
date added to LUP
2014-02-17 11:04:23
date last changed
2014-02-17 11:04:23
@misc{4316774,
  abstract     = {The aim of this thesis is to analyze the arguments for and against different nominal GDP targets and to answer whether or not such a target might be appropriate for Sweden. My research question reads as follows: Is a nominal GDP target appropriate for Sweden?

The theoretical arguments for and against nominal GDP targets have been analysed by conducting a literature study. The conclusion is that a nominal GDP price level target of 5 % might be appropriate for Sweden. It is probable that such a target would counteract bubbles during a boom and speed up economic recovery during recession. In the long run it should not lead to higher inflation. Furthermore it might be easier to communicate since raising nominal GDP does not meet the same resistance as raising inflation. The debate should be intensified and more research about alternative monetary policy rules has to be conducted.},
  author       = {Hansson, Oskar},
  keyword      = {inflation targeting,monetarism.,monetary policy,policy evaluation,NGDPLT,NGDP,Nominal GDP,monetary policy rules},
  language     = {swe},
  note         = {Student Paper},
  title        = {Är ett nominellt BNP-mål lämpligt för Sverige?},
  year         = {2014},
}