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Johnson, Simon - 2008

judicially enforced private contracts, judicially enforced laws, or even government regulation, may be the cheapest way to bring … strategies may sometimes be the best. This paper compares the regulation of financial markets in Poland and the Czech Republic in … the Czech Republic, hands-off regulation was associated with a near collapse of the stock market. These episodes …

Persistent link: https://www.econbiz.de/10012774804

Inflation Targeting as a Monetary Policy Rule

Svensson, Lars E. O. - 2021

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...

Persistent link: https://www.econbiz.de/10013218714

Price Stability as a Target for Monetary Policy : Defining and Maintaining Price Stability

Svensson, Lars E. O. - 2021

This paper discusses how price stability can be defined and how price stability can be maintained in practice. Some lessons for the Eurosystem are also considered. With regard to defining price stability, the choice between price-level stability and low (including zero) inflation and the...

Persistent link: https://www.econbiz.de/10013313767

The simplest test of target zone credibility

Svensson, Lars E. O. - 1991

Persistent link: https://www.econbiz.de/10013421812

Inflation targeting as a monetary policy rule

Svensson, Lars E. O. - 1998

Persistent link: https://www.econbiz.de/10013422635

Price stability as a target for monetary policy : defining and maintaining price stability

Svensson, Lars E. O. - 1999

Persistent link: https://www.econbiz.de/10013422919

Money and inflation in the Euro-Area : a case for monetary indicators?

Gerlach, Stefan - 2002

Persistent link: https://www.econbiz.de/10013423983

Escaping from a Liquidity Trap and Deflation : The Foolproof Way and Others

Svensson, Lars E. O. - 2021

Existing proposals to escape from a liquidity trap and deflation, including my Foolproof Way,' are discussed in the light of the optimal way to escape. The optimal way involves three elements: (1) an explicit central-bank commitment to a higher future price level; (2) a concrete action that...

Persistent link: https://www.econbiz.de/10013228748

The Simplest Test of Target Zone Credibility

Svensson, Lars E. O. - 2022

A credible target zone exchange rate regime with a given exchange rate band implies bounds on the amount of depreciation and appreciation of the domestic currency. This implies, for given foreign interest rates, bounds on the domestic-currency rate of return on foreign investment: a...

Persistent link: https://www.econbiz.de/10013324472