United States. Overall, the replication exercise successfully confirms the conclusions of Svensson (2015). In both Sweden and … long run Phillips curve recorded -0.75 in Sweden and -0.23 in the United States. While the average inflation rate in the … United States was very close to its targeted level, the average inflation rate in Sweden was 0.6 per- centage points below …

do not describe the actual monetary policy strategy exactly. This paper compares monetary policy in Sweden during the … commonly used in theoretical analyses do not provide good approximations of Sveriges Riksbank s (the central bank of Sweden …

target, the long-run Phillips curve becomes non-vertical. During 1997-2011, average inflation expectations in Sweden have … unemployment rate has been about 0.8 percentage points higher than if average inflation had been on target. This is a large … unemployment cost of undershooting the inflation target …

target, the long-run Phillips curve becomes non-vertical. During 1997-2011, average inflation expectations in Sweden have … unemployment rate has been about 0.8 percentage points higher than if average inflation had been on target. This is a large … unemployment cost of undershooting the inflation target …

detailed surveys of household inflation expectations for the United States and Sweden, we find that the data are generally … broad, qualitative terms. Moreover, the combination of a low-inflation environment and an inflation target in Sweden has …