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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: www.cepr.org/pubs/dps/DP7213.asp.asp


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.

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