New issue of the Riksbank’s journal Economic Review
News This issue of the Economic Review contains three articles, each dealing with developments in inflation targeting from different perspectives. The first article summarises a research conference on inflation targeting organised by the Riksbank in May 2024. One of the papers from the conference is reproduced here in full as the second article. The final article provides a broad description of the evolution of inflation targeting.
The articles in this year’s first edition of the Riksbank’s journal Economic Review are summarized below:
The quest for nominal stability: lessons from three decades of inflation targeting
Stefan Laséen, Marianne Nessén and Ulf Söderström, all of whom work at the
Riksbank, summarise the six papers presented at an international researchconference in Stockholm in May 2024 and the discussions that took place at the conference. The conference brought together a large number of researchers and practitioners with extensive experience in inflation targeting. [Article]
Inflation targets: practice ahead of theory
Mervyn King, former Governor of the Bank of England, describes the practical evolution of inflation targeting, which initially focused on creating transparent processes for monetary policy decision-making. He also makes recommendations on how inflation targeting should be developed in the future. [Article]
30 years of inflation targeting: from simple to complex
Magnus Jonsson and Anders Vredin, both employees at the Riksbank, describe the development of inflation targeting from a practical, theoretical and institutional perspective. Approaches to inflation targeting have evolved over time as the macroeconomic and financial environment has changed. [Article]