New interview: “Chasing the Perfect Interest Rate” (“På jakt efter den perfekta räntan”, in Swedish), interview in Tvärsnitt 2011:1, Vetenskapsrådet (the magazine Cross Section, the Swedish Research Council), March 31, 2011.
New Ph.D. course: Monetary Economics (2nd year Ph.D. course)
New Ph.D. course: Monetary Economics (2nd year Ph.D. course, joint with Nils Gottfries and Johan Söderberg at Uppsala University, and Ulf Söderström and Andreas Westermark at the Riksbank)
New comments: “Comments on Chung, Laforte, Reifschneider, and Williams, ‘Have We Underestimated the Likelihood and Severity of Zero Lower Bound Events?'”
New comments: “Comments on Chung, Laforte, Reifschneider, and Williams, ‘Have We Underestimated the Likelihood and Severity of Zero Lower Bound Events?’” at the conference “Monetary Policy at the Zero Lower Bound,” Federal Reserve Bank of San Francisco, February 25, 2011.
Interview in Svenska Dagbladet: “No Signs of Unsustainable House Prices”
Interview: “No Signs of Unsustainable House Prices” (in Swedish), interview in Svenska Dagbladet, December 28, 2010.
New interview: “Decision Maker Against the Stream”
New interview: “Decision Maker Against the Stream” (in Swedish), interview in Affärsvärlden, December 1, 2010.
New speech: “Some Problems with Swedish Monetary Policy and Possible Solutions,”
New speech: “Some Problems with Swedish Monetary Policy and Possible Solutions,” speech in Stockholm, November 24, 2010.
New lecture: “Inflation Targeting and Financial Stability”
New lecture: “Inflation Targeting and Financial Stability,” Policy lecture at the CEPR/ESI 14th Annual Conference on “How Has Our View of Central Banking Changed with the Recent Financial Crisis?”, hosted by the Central Bank of Turkey, Izmir, October 28, 2010.
New article in Dagens Nyheter by Tomas Ernhagen and Göran Zetterberg: “Big Risk of Economic Contraction if the Riksbank Increases the Interest Rate”
New article in Dagens Nyheter by Tomas Ernhagen and Göran Zetterberg: “Big Risk of Economic Contraction if the Riksbank Increases the Interest Rate” (in Swedish), Dagens Nyheter, October 23, 2010.
New article in Focus: “Who Is Right about the Interest Rate?” (in Swedish)
New article in Focus: “Who Is Right about the Interest Rate?” (in Swedish), by Claes Lönegård in Fokus, October 12, 2018.
Handbook chapter: “Inflation Targeting”
Handbook chapter: “Inflation Targeting,” in Friedman, Benjamin M., and Michael Woodford, eds., Handbook of Monetary Economics, Volume 3b, chapter 22, Elsevier, 2011.
Chapter. Paper.
Abstract
Inflation targeting is a monetary-policy strategy characterized by an announced numerical inflation target, an implementation of monetary policy that gives a major role to an inflation forecast that has been called forecast targeting, and a high degree of transparency and accountability. It was introduced in New Zealand in 1990, has been very successful in terms of stabilizing both inflation and the real economy, and as of 2010 has been adopted by about 25 industrialized and emerging-market economies. This chapter discusses the history, macroeconomic effects, theory, practice, and future of inflation targeting.
JEL classification: E52, E58, E42, E43, E47
Keywords: Flexible inflation targeting, forecast targeting, optimal monetary policy, transparency
New publication: “Anticipated Alternative Instrument-Rate Paths in Policy Simulations”
New publication: “Anticipated Alternative Instrument-Rate Paths in Policy Simulations” (with Stefan Laséen, Sveriges Riksbank). International Journal of Central Banking 7(3) (2011) 1-35.
New Krugman blog: “Unserious Central Bankers,”
New Krugman blog: “Unserious Central Bankers,” New York Times, September 29, 2010.
Interview: “Deputy Governor: The Policy Rate Is Too High”
Interview: “Deputy Governor: The Policy Rate Is Too High” (in Swedish), interview in Svenska Dagbladet, September 27, 2010.
New speech: “Monetary Policy after the Financial Crisis”
New speech: “Monetary Policy after the Financial Crisis,” speech at the IJCB Conference, Bank of Japan, September 17, 2010.
Bloomberg news: “Riksbank’s Svensson Warns Against Rate Rises Amid Housing Boom”
Bloomberg news: “Riksbank’s Svensson Warns Against Rate Rises Amid Housing Boom“, Bloomberg, September 17, 2010.