Update April 28, 2014: Updated figure 1 available here. Average inflation since 1995 now only 1.3 percent.
English translation of Ekonomistas post (in Swedish).
How can the Riksdag’s Finance Committee and others assess whether or not the Riksbank fulfills its price-stability objective? Especially since this is made difficult since the Riksbank does not have perfect control over the inflation rate and the inflation rate cannot always be exactly on the target. But it can indeed be done, by comparing average inflation over a longer period with the inflation target, and by also comparing with target fulfilment in other countries with inflation targets to judge what is possible. Continue reading