Riksbank deputy notes lessons of last 40 years
Lars Svensson, a recently-appointed deputy governor at Sweden's Riksbank, offered a "selective, eclectic, and possibly controversial" collection of lessons learned about monetary policy since 1967.
Speaking at the Bundesbank on Friday, Svensson talked about Milton Friedman's famous address on the role of monetary policy, which Friedman gave at a meeting of the American Economic Association in 1967.
The deputy then discussed the failure of monetary targeting and the success of inflation targeting
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