Sveriges Riksbank Economic Review 1st Quarter 2005

The Sveriges Riksbank has published its Economic Review for the 1st Quarter 2005. This year's first issue contains four articles: on the relationship between monetary policy and employment, on the inflation target, on the upswing in productivity growth and on the EU Fiscal Policy Framework.

The Riksbank and employment

Can the Riksbank use the instrumental rate to influence employment? There is a relationship in the short run, but it is transitory and overshadowed by other factors. In the long term

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