Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/83031 
Year of Publication: 
1998
Series/Report no.: 
Sveriges Riksbank Working Paper Series No. 63
Publisher: 
Sveriges Riksbank, Stockholm
Abstract: 
In September 1931, Sweden became the first country to make the stabilization of the domestic price level the official goal of its monetary policy, actually the only country that so far has adopted such an explicit price level target. Starting from the issues and concepts familiar from research and policy experience in the 1990s of inflation targeting - as contrasted to price level targeting - this paper examines the evolution of the Swedish price level targeting in the 1930s. We bring out a number of similarities and differences between price stabilization in the 1930s and in the 1990s.
Document Type: 
Working Paper

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