Showing 1 - 10 of 23
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[fre] Cette contribution se présente comme un bilan des travaux récents consacrés à la gestion de l’incertitude par la politique monétaire et aux critères permettant d’appréhender cette question sur le plan empirique. L’accent est mis sur l’incertitude qui entoure le mécanisme de...
Persistent link: https://www.econbiz.de/10010979789
This paper investigates the performances of an inflation targeting regime in a learning economy framed as an Agent-Based Model (ABM). We keep our ABM as close as possible to the original New Keynesian (NK) model, but we model the individual behaviour of the agents under procedural rationality à...
Persistent link: https://www.econbiz.de/10011048696
[eng] This paper examines, from a theoretical standpoint, how uncertainty affects the choice between a federal monetary policy based on national data and a policy based on union-wide aggregated data in a monetary union with asymmetrical monetary-policy transmission. We find that when additive...
Persistent link: https://www.econbiz.de/10010978304
[fre] Une approche bilatérale des réalignements au sein du Mécanisme de change européen . (mars 1979 - décembre 1992) par Jean-Sébastien Pentecôte et Marc- Alexandre Sénégas . Dans cet article, nous présentons un modèle de réalignement du cours de change dans une zone cible...
Persistent link: https://www.econbiz.de/10010978367
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This article offers a critical survey of the recent contributions on the ?tariff-growth paradox? (also known as ?Bairoch paradox?). The publication in 2000 of an important article by K. O?Rourke has sparked a lively debate on the linkages between trade policy and economic growth during the...
Persistent link: https://www.econbiz.de/10010852458
The French stock market crisis of 1961-67 was the biggest of the twentieth century after that of the 1930s. Using the new stock index (historical CAC 40), it is possible to get a fair idea of its amplitude and detail its chronology. The possibility is considered that the crisis of the 1960s was...
Persistent link: https://www.econbiz.de/10010953956