Wickman-Parak on limitations of unemployment gap in setting policy


Barbro Wickman-Parak, a deputy governor at the Riksbank, on January 24 said policy-makers should not place too much emphasis on the unemployment gap when taking monetary policy decisions.

At the Swedish Trade Union Confederation in Stockholm, Sweden, Wickman-Parak said it was not appropriate to appoint a specific measure of resource utilisation as the sole measure to which monetary policy should adapt. "To reduce the risk of going seriously wrong with monetary policy, I consider it important not

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