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Monetary Policy Under Inflation Targeting

C.Lars E.O. Svensson, Visiting Professor at Princeton University

Professor Svensson's presentation entitled How Should Monetary Policy Be Conducted in an Era of Price Stability? was first presented at a symposium sponsored by the Federal Reserve Bank of Kansas City, "New Challenges for Monetary Policy," in Jackson Hole, Wyoming, August 26-28, 1999. This presentation and others can also be found at the Kansas Federal Reserve website at http://www.kc.frb.org/public at/sympos/1999/sym99prg.htm.