"The challenges would have been far more difficult but for significant enhancements in central banking over the past three decades—specifically, advances in a framework known as inflation targeting. While bringing the changes about has been a team effort, the person as responsible as anyone is Lars E.O. Svensson, a former deputy governor of Sweden’s Riksbank who is currently an affiliated professor at the prestigious Stockholm School of Economics," Prakash Loungani writes in his profile on Lars E.O. Svensson.