Comment: In defence of inflation targeting

Writing in the Financial Times this week, Wolfgang Munchau suggests that the "end of inflation targeting is in sight". Munchau points to the shortcomings of the Swedish inflation targetting regime, and draws universal lessons from it. A number of objections to Munchau's analysis could be raised.

COMMENT BY CENTRALBANKNEWS

Until recently - and for more than two years before it - annual CPI inflation persistently undershot the lower band of the Riksbank's target of 1%. Munchau correctly points

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: