Monetary Policy and Leading Indicators of Inflation in Sweden /

This paper derives a set of leading indicators of inflation for Sweden. It also discusses methodological and policy issues pertaining to the estimation of these indicators. The main findings are: (1) narrow money is the most powerful leading inflation indicator; (2) broad money and inflation expecta...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Baumgartner, Josef
Muut tekijät: Ramaswamy, Ramana, Zettergren, Goran
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 1997.
Sarja:IMF Working Papers; Working Paper ; No. 1997/034
Linkit:Full text available on IMF
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100 1 |a Baumgartner, Josef. 
245 1 0 |a Monetary Policy and Leading Indicators of Inflation in Sweden /  |c Josef Baumgartner, Goran Zettergren, Ramana Ramaswamy. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1997. 
300 |a 1 online resource (31 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper derives a set of leading indicators of inflation for Sweden. It also discusses methodological and policy issues pertaining to the estimation of these indicators. The main findings are: (1) narrow money is the most powerful leading inflation indicator; (2) broad money and inflation expectations have significant predictive information on inflation; (3) the output gap, interest rates, and the credit aggregate have some predictive information on inflation, and this information is confined to a shorter time horizon than either the monetary aggregates or inflation expectations; and (4) implied forward rates have only weak predictive information on inflation. 
538 |a Mode of access: Internet 
700 1 |a Ramaswamy, Ramana. 
700 1 |a Zettergren, Goran. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1997/034 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1997/034/001.1997.issue-034-en.xml  |z IMF e-Library