Advanced Search
MyIDEAS: Login to save this article or follow this journal

Distorsions monétaires et commerce

Contents:

Author Info

  • Gérard Lafay
Registered author(s):

    Abstract

    [fre] Le fonctionnement de l'Organisation mondiale du commerce dépend des conditions relatives de prix et de salaires dans les différentes régions du monde. A cet égard, les taux de change jouent un rôle crucial. Faisant le point sur les distorsions monétaires, cet article présente d'abord une analyse des distorsions observées, en montrant que les différences relatives de productivité entre le secteur exposé et le secteur abrité n'en expliquent qu'une fraction minoritaire. Il décrit ensuite les effets de ces distorsions sur les économies nationales : ceux-ci ne passent pas les balances commerciales, mais ils s'exercent sur les conditions de crois- sance en créant un « coin monétaire » sur le marché du travail. [eng] The new World Trade Organization has to deal with relative price and wage levels in the different areas of the world economy. As far as exchange rate are concerned, they play a capital role in the perspective of globalization. The first part of this paper analyses the monetary discrepancies which can be observed. It shows that relative productivity differences, between traded and non traded goods, explain only a minor part of this phenonemon. The second part is devoted to the results of this monetary discrepancies : they do not affect trade balances, but they create a « monetary wedge » on the labor market, having a strong effect on GDP growth rates of the national economies

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://dx.doi.org/10.3406/rfeco.1997.1429
    Download Restriction: no

    File URL: http://www.persee.fr/articleAsPDF/rfeco_0769-0479_1997_num_12_4_1429/rfeco_0769-0479_1997_num_12_4_1429.pdf?mode=light
    Download Restriction: no

    Bibliographic Info

    Article provided by Programme National Persée in its journal Revue française d'économie.

    Volume (Year): 12 (1997)
    Issue (Month): 4 ()
    Pages: 123-140

    as in new window
    Handle: RePEc:prs:rfreco:rfeco_0769-0479_1997_num_12_4_1429

    Note: DOI:10.3406/rfeco.1997.1429
    Contact details of provider:
    Web page: http://www.persee.fr/web/revues/home/prescript/revue/rfeco

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:prs:rfreco:rfeco_0769-0479_1997_num_12_4_1429. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.