A Pioneer of a New Monetary Policy? Sweden's Price Level Targeting of the 1930s Revisited

Straumann, Tobias; Woitek, Ulrich

doi:10.2139/ssrn.1260227

Cited by 2 publications

(1 citation statement)

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“…In recent times, Jonung's pioneering work was followed up and carried further by Straumann and Woitek (2009). Like Thomas (1936) and Lester (1939), they argued that the frequent violations of the rules of price-level targeting are hard to reconcile with the claim that the Riksbank was primarily guided by the new monetary program.…”

Section: Sweden's Price-level Targetingmentioning

confidence: 99%

Overvalued: Swedish Monetary Policy in the 1930s

2011

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Section: Sweden's Price-level Targetingmentioning

confidence: 99%

Overvalued: Swedish Monetary Policy in the 1930s

2011

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Europe’s Great Depression: Coordination Failure after the First World War

Wolf¹

2013

The Great Depression of the 1930s

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. had not yet come to an end -indeed it did not end before 1945. Both, domestic and international institutions suffered from a lack of reciprocal trust and commitment, which can be clearly illustrated in the realm of monetary policy but affected many other areas of policymaking, such as energy or migration policies. These institutions in turn affected expectations and thereby the extent to which for example expansionary policies could be effective. Terms of use: Documents in EconStor mayJEL-Code: E50, F50, N14.

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A Pioneer of a New Monetary Policy? Sweden's Price Level Targeting of the 1930s Revisited

Cited by 2 publications

References 36 publications

Overvalued: Swedish Monetary Policy in the 1930s

Overvalued: Swedish Monetary Policy in the 1930s

Europe’s Great Depression: Coordination Failure after the First World War

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