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Challenges of the “New Economy” for Monetary Policy
Cette, Gilbert; Pfister, Christian - In: International Productivity Monitor 8 (2004) Spring, pp. 27-36
-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
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L’hyperinflation Bulgare de 1997 : Transition, Fragilité Bancaire et Change
Charles, Sébastien; Marie, Jonathan - 2017
conflict: the transition and the banking crisis engender inflation. The foreign exchange rate is decisive in the emergence of …
Persistent link: https://www.econbiz.de/10015254555
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Monetary Policy Inertia or Persistent Shocks?
Carrillo, J.; Fève, P.; Matheron, J. - Banque de France - 2006
In this paper, we propose a simple econometric framework to disentangle the respective roles of monetary policy inertia and persistent shocks in interest rate rules. The procedure exploits the cross-equation restrictions provided by a DSGE model which is confronted to a monetary SVAR. We show...
Persistent link: https://www.econbiz.de/10005082518
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Technology Shocks and Monetary Policy in an Estimated Sticky Price Model of the US Economy
Avouyi-Dovi, S.; Matheron, J. - Banque de France - 2005
In this paper, we, seek to characterize the dynamic effects of permanent technology shocks and the way in which US monetary authorities reacted to these shocks over the sample 1955(1)--2002(4). To do so, we develop an augmented sticky price-sticky wage model of the business cycle, which is...
Persistent link: https://www.econbiz.de/10005056524
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Technology Shocks and Monetary Policy in an Estimated Sticky Price Model of the Euro Area.
Avouyi-Dovi, S.; Matheron, J. - Banque de France - 2005
In this paper, we seek to characterize the dynamic effects of permanent technology shocks and the way in which European monetary authorities reacted to these shocks over the past two decades. To do so, we develop an augmented sticky price-sticky wage model of the business cycle, which is...
Persistent link: https://www.econbiz.de/10005056527
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Effet de seuil de l'inflation sur la croissance économique dans la zone Monétaire de l'Afrique de l'Ouest
Olowofeso, Olorunsola E.; John-Sowe, Maimuna; Kargbo, … - 2022
Alors que des études antérieures ont exploré la relation entre l'inflation et la croissance économique, la littérature … existante sur l'effet de seuil de l'inflation sur la croissance économique dans la Zone Monétaire de l'Afrique de l'Ouest (ZMAO … vide dans la littérature empirique en exploitant la variation des taux d'inflation entre les pays et au fil du temps pour …
Persistent link: https://www.econbiz.de/10014560200
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Fisher, Macaulay et Allais face au "Paradoxe de Gibson"
Prat, Georges; Durand, Jean-Jacques - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2009
According to the quantitative theory of money, an expansion of the money supply leads both to a decrease of interest rates and an increase of the general level of good prices. This negative correlation expected between these two variables being contradicted by the positive correlation observed...
Persistent link: https://www.econbiz.de/10005078953
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Les ajustements microéconomiques des prix : une synthèse des modèles théoriques et résultats empiriques.
Gautier, E. - Banque de France - 2008
on the inflation process. …
Persistent link: https://www.econbiz.de/10008528492
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L’impact désinflationniste de la globalisation 95. Fondements théoriques et estimations empiriques.
GUILLOUX, S.; KHARROUBI, E. - In: Bulletin de la Banque de France (2007) 167, pp. 95-109
La mondialisation de l’économie s’est accompagnée sur les vingt dernières années d’une baisse généralisée de l’inflation …. Cet article décrit les possibles canaux de transmission de la mondialisation à l’inflation et propose une estimation … empirique de l’impact agrégé des prix d’importations sur l’inflation. …
Persistent link: https://www.econbiz.de/10009201072
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Mesures et perception de l’inflation en France et dans la zone euro. État des lieux.
CHAUVIN, V.; LE BIHAN, H. - In: Bulletin de la Banque de France (2007) 160, pp. 19-34
La mesure de l’inflation a fait l’objet de nombreux débats récents mais les biais susceptibles d’affecter l’indice des …
Persistent link: https://www.econbiz.de/10009220170