TY - BOOK ID - 84541536 TI - Monetary Policy and Leading Indicators of Inflation in Sweden AU - Baumgartner, Josef. AU - Ramaswamy, Ramana. AU - Zettergren, Göran. PY - 1997 SN - 1462341985 145199253X 1283570297 9786613882745 145189273X PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Foreign Exchange KW - Inflation KW - Macroeconomics KW - Money and Monetary Policy KW - Monetary Policy KW - Price Level KW - Deflation KW - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) KW - Currency KW - Foreign exchange KW - Monetary economics KW - Economic growth KW - Inflation targeting KW - Cyclical indicators KW - Nominal effective exchange rate KW - Exchange rates KW - Prices KW - Monetary policy KW - Business cycles KW - Sweden UR - https://www.unicat.be/uniCat?func=search&query=sysid:84541536 AB - This paper derives a set of leading indicators of inflation for Sweden. It also discusses methodological and policy issues pertaining to the estimation of these indicators. The main findings are: (1) narrow money is the most powerful leading inflation indicator; (2) broad money and inflation expectations have significant predictive information on inflation; (3) the output gap, interest rates, and the credit aggregate have some predictive information on inflation, and this information is confined to a shorter time horizon than either the monetary aggregates or inflation expectations; and (4) implied forward rates have only weak predictive information on inflation. ER -