DP7213 Transparency under Flexible Inflation Targeting: Experiences and Challenges
|Author(s):||Lars E.O. Svensson|
|Publication Date:||March 2009|
|Keyword(s):||Inflation targeting, interest rate path, transparency|
|JEL(s):||E42, E43, E52, E58|
|Programme Areas:||International Macroeconomics|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=7213|
I report some personal views and reflections on transparency experiences and transparency challenges following my first year and a half as Deputy Governor at Sveriges Riksbank regarding (1) flexible inflation targeting, (2) the role of transparency in inflation targeting and committee decisions on instrument-rate paths, (3) the management of interest-rate expectations, and (4) the publishing of attributed minutes. I also mention some future developments and improvements in transparency and flexible inflation targeting that I believe would be desirable.