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This paper discusses how monetary policy in Sweden has evolved since 1973. We provide a chronology of the different … rate regime (1973 - 1992) and the inflation targeting regime (1993 - 2022). Inflation in Sweden has been more stable under … developments in Sweden have in many respects been similar to that of Denmark. Lastly, we identify and discuss recurrent themes in …
Persistent link: https://www.econbiz.de/10014481194
This paper estimates and tests a new Keynesian small open economy model in the tradition of Christiano, Eichenbaum, and Evans (2005) and Smets and Wouters (2003) using Bayesian estimation techniques on Swedish data. To account for the switch to an inflation targeting regime in 1993 we allow for...
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This paper estimates and tests a new Keynesian small open economy model in the tradition of Christiano, Eichenbaum, and Evans (2005) and Smets and Wouters (2003) using Bayesian estimation techniques on Swedish data. To account for the switch to an inflation targeting regime in 1993 we allow for...
Persistent link: https://www.econbiz.de/10012721098
rate policy of five inflation targeting countries (Australia, Canada, New Zealand, Sweden and the United Kingdom …
Persistent link: https://www.econbiz.de/10013519349
We estimate a dynamic, stochastic, general equilibrium model of the Brazilian economy taking into account the transition from a currency peg to inflation targeting that took place in 1999. The estimated model exhibits quite different dynamics under the two monetary regimes. We use it to produce...
Persistent link: https://www.econbiz.de/10011435702