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To what extent can monetary and financial crises and cycles be explained through economic theories? This paper is aimed at highlighting why a reliance on economic theories may be necessary given certain flaws which have been revealed from the recent Financial Crisis. Namely, that economic and...
Persistent link: https://www.econbiz.de/10015237001
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This |"divorce'' of...
Persistent link: https://www.econbiz.de/10015237649
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This "divorce'' of...
Persistent link: https://www.econbiz.de/10015237669
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This "divorce'' of...
Persistent link: https://www.econbiz.de/10015237670
French Abstract: Alors que beaucoup d'articles sont consacrés à la notion de Constitution économique, notamment à celle de la France, son existence et ses contours, cet article s'intéresse à la « constitutionnalisation de l'économie », ce dernier terme renvoyant alors à la science...
Persistent link: https://www.econbiz.de/10012993047
-term inflation objectives. In the long term, monetary policy is most effective in achieving its objectives when the inflation target … is changed in response to the new economy and when the monetary authority attempts to stabilize both inflation and output … for in changing the assessment of the potential growth rate and the inflation target. …
Persistent link: https://www.econbiz.de/10005650259
This manuscript revisits some key concepts of traditional macroeconomics. In the first step, it proposes a discussion on the equilibrium conditions on the market of goods and services and on the market of money. And in the second step, a discussion is conducted on the general equilibrium the...
Persistent link: https://www.econbiz.de/10015249327
Les années de préparation et d’installation de l’euro ont été des années de croissance faible ou médiocre dans les grands pays de la zone. Cette performance décevante est, souvent, attribuée aux défaillances des marchés de biens et du travail et, par suite, à l’insuffisante...
Persistent link: https://www.econbiz.de/10008542713
L’objet de cet article est de présenter les principales conclusions du panel, organisé lors des VIIIe « Journées » de la Fondation Banque de France pour la recherche en économie monétaire, bancaire et financière le 21 juin 2010, sur le thème des stratégies de politique monétaire...
Persistent link: https://www.econbiz.de/10009207463
La sous-évaluation du yuan fait partie du consensus des économistes et des décideurs de politique. La demande pressante des pays occidentaux pour une réévaluation nominale brutale du yuan ne prend pas en compte l’intérêt des entreprises (occidentales et chinoises) et des salariés...
Persistent link: https://www.econbiz.de/10008739239