Commentary: Monetary Policy at Zero Inflation
نویسنده
چکیده
It is always a pleasure to read one of Lars Svenssons papers on monetary policy. They are carefully reasoned, substantive, and address real world problems of monetary control. As the bibliography to his paper shows, he has done an impressive amount of theoretical and empirical work on the many facets of inflation control. The paper today summarizes a considerable part of his work. I recommend the paper to all central bankers. They will not agree with all of his conclusions, but his paper should encourage them to think about where and why they disagree, if they do.
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