Hej hej Ulla,

Håller med ovanstående inlägg. Jag lyssnade på dig igår när du debatterade i tv. Jag är inte alls insatt i din politik men tyckte du lät väldigt passionerad. En sak som jag ville lyfta fram gäller ditt förslag till att höja inflations-målet till 3%. Se nedanstående stående citat från Mishkin och Giavazzzi som du säkert känner till

Grannen
Even more importantly, changing the level of the inflation target to lower
it when actual inflation has been below the target, or to raise it when actual
inflation is above the target would weaken the credibility of the inflation
target as a nominal anchor. As we have seen, weakening the nominal anchor
could have very negative consequences for economic performance. In addi-
tion, lowering an inflation target when inflation falls below the target will
create perverse expectations in the future. The expectation that the central
bank will lower the target when inflation falls below it means that an under-
shoot of the target will cause a downward revision of inflation expectations,
which will make it more likely that businesses will lower prices, and will thus
increase the decline in inflation. The result is that inflation volatility will
increase. Indeed, the argument against changing the inflation target when
there are undershoots or overshoots is the same as that made in section 2.8.4
why history dependence of monetary policy has substantial benefits.
We also find unconvincing research based on the Akerlof-Perry-Dickens
analysis that argues that the natural rate of unemployment in Sweden would
fall substantially if the inflation target was raised above the 2% target. As we
discussed in Section 2, the Akerlof-Perry-Dickens analysis only looks at half
of the picture: inflation also puts “sand” into the labor markets by increasing
the noise in relative wages and this suggests that higher inflation will not
lower the natural rate of unemployment.
The level of the inflation target in Sweden seems to be about right and we
can find no compelling reason to change it. This does not mean that further
scientific study won’t shed more light on what the optimal level of the infla-
tion target should be in general and specifically in Sweden.
The Riksbank’s formulation of the inflation target states that “Monetary
policy is targeted on keeping inflation at 2%, with a tolerance of +/-
1percentage point for deviations from this level.” This formulation is consis-
tent with best practice because it makes clear that the Riksbank is not focus-
ing too much on the edges of the range, which could lead to inappropriate
policy decisions.

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