Ingves: Housing and Monetary Policy - a view from an Inflation Targeting Central Bank
I am honoured to have been asked to participate in this final panel debate in such distinguished company. What I intend to bring to this panel is an account of how Sveriges Riksbank, an inflation targeting central bank, takes into consideration developments in asset prices, house prices in particular, and our experience thus far of doing so. Hopefully this account will be of interest, since it illustrates some of the challenges – analytical and pedagogical – that policy makers face when deciding on the appropriate way of bringing asset price developments into monetary policy decisions