Riksbank's Svensson calls for better forecasting
It is very important that the Riksbank develops better estimates and better forecasts of resource utilisation, says Lars Svensson, a deputy governor at the central bank, in a new paper.
Svensson's analysis shows that since flexible inflation targeting aims at stabilising both inflation around the target and resource utilisation around a normal level, it is crucial that the central bank develops better estimates and better forecasts of resource utilisation, including estimates and forecasts of
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