The paper discusses the choice between inflation targeting and monetary targeting as a strategy for the Eurosystem, the actual strategy the Eurosystem announced in the fall of 1998, the framework for policy decisions appropriate for achieving the goals of the Eurosystem, the role of exchange...

When reforming their own countries, several observers, ideologues and politicians in former socialist countries have pointed to Sweden as a blueprint. It is then believed that Sweden, or the "Swedish model", has combined the efficiency, dynamism and flexibility or capitalist market economies...