Sweden adopts a price-stability monetary target
On 27 September 1931 Sweden left the gold standard and made preservation of the krona's domestic purchasing power the monetary-policy aim, later framed by the Riksbank as the first central-bank price-stability target.
On 27 September 1931 Sweden left the gold standard and made preservation of the krona’s domestic purchasing power the monetary-policy aim.
This is a high-ranked 1931 economic-model event because it has institutional confirmation and expert economic-history support.