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Cost-benefit analysis of leaning against the wind

Svensson, Lars E. O. - In: Journal of monetary economics 90 (2017), pp. 193-213

Persistent link: https://www.econbiz.de/10011799250

New techniques to extract market expectations from financial instruments

Söderlind, Paul - In: Journal of monetary economics 40 (1997) 2, pp. 383-429

Persistent link: https://www.econbiz.de/10001337017

Modern forecasting models in action : improving macroeconomic analyses at central banks

Adolfson, Malin; Andersson, Michael K.; Lindé, Jesper; … - 2006 - Revised version

There are many indications that formal methods are not used to their full potential by central banks today. In this paper we demonstrate how BVAR and DSGE models can be used to shed light on questions that policy makers deal with in practice using data from Sweden. We compare the forecast...

Persistent link: https://www.econbiz.de/10011585648

Inflation targeting as a monetary policy rule

Svensson, Lars E. O. - In: Journal of monetary economics 43 (1999) 3, pp. 607-654

Persistent link: https://www.econbiz.de/10001447672

Comment on: The future of monetary aggregates in monetary policy analysis

Svensson, Lars E. O. - In: Journal of monetary economics 50 (2003) 5, pp. 1061-1070

Persistent link: https://www.econbiz.de/10001785865

Evaluating monetary policy

Svensson, Lars E. O. - 2009

order to stabilize the real economy. A modified Taylor curve, the forecast Taylor curve, showing the tradeoff between the … achieved an efficient stabilization of both inflation and the real economy and what relative weight on the stability of … inflation and the real economy has effectively been applied. Ex ante evaluation may be more relevant than evaluation ex post …

Persistent link: https://www.econbiz.de/10003896109

Anticipated alternative policy-rate paths in policy simulations

Laséen, Stefan; Svensson, Lars E. O. - 2011

include among the predetermined variables (the "state" of the economy) the vector of nonzero means of future shocks to a given …

Persistent link: https://www.econbiz.de/10008696833

Density-conditional forecasts in dynamic multivariate models

Andersson, Michael K.; Palmqvist, Stefan Ulf; Waggoner, … - 2010

When generating conditional forecasts in dynamic models it is common to impose the conditions as restrictions on future structural shocks. However, these conditional forecasts often ignore that there may be uncertainty about the future development of the restricted variables. Our paper therefore...

Persistent link: https://www.econbiz.de/10009792830

Inflation targeting as a monetary policy rule

Svensson, Lars E. O. - 1998 - This version: August 1998

The purpose of the paper is to survey and discuss in ation 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 in ation targeting, compares in ation targeting to other...

Persistent link: https://www.econbiz.de/10010128028

Transparency and credibility : monetary policy with unobservable goals

Fausty, Jon; Svensson, Lars E. O. - 1998 - This version: April 1998

We define and study transparency, credibility, and reputation in a model where the central bank's characteristics are unobservable to the private sector and are inferred from the policy outcome. A low-credibility bank optimally conducts a more expansionary policy than a high-credibility bank, in...

Persistent link: https://www.econbiz.de/10010128043