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Possibilités de stabilisation en union monétaire ou en changes flexibles

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  • Patrick Artus

Abstract

[fre] Possibilités de stabilisation en union monétaire ou en changes flexibles. . Une des critiques les plus fortes faites de la décision de passer à l'union monétaire en Europe porte sur l'impossibilité de réagir à des aléas nationaux spécifiques dans la situation d'union, puisque les politiques monétaires ont perdu leur autonomie. Nous analysons l'ampleur de cet inconvénient, en fonction de la nature des chocs et des objectifs des autorités et de la plus ou moins grande flexibilité des prix et des salaires. [eng] Stabilization policffis witffln a monetary union or with flexible exchange rates. . The critics of the monetary unification of Europe point out that stabilisation will be made impossible in case of national specifie disturbances because of the loss of monetary autonomy.. We analyse the relevance of that argument, which depends on the nature of disturbances, on the objectives pursued by the authorities, and on the degree of price and wage rigidity.

Suggested Citation

  • Patrick Artus, 1994. "Possibilités de stabilisation en union monétaire ou en changes flexibles," Revue Économique, Programme National Persée, vol. 45(1), pages 67-88.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1994_num_45_1_409510
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