Dans le modele macroeconomique traditionnel, une expansion monetaire entraine a court terme une hausse de la demande de biens, a long terme une hausse des prix des biens. Les evolution recentes du Japon et aux Etats Unis contredisent les enseignements du modele. Nous proposons ici un modele macroeconomique plus general.
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Paper provided by Caisse des Depots et Consignations - Cahiers de recherche in its series Papers with number
1999-36/ma.
Length: 40 pages Date of creation: 1999 Date of revision: Handle: RePEc:fth:cadeco:1999-36/ma
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Find related papers by JEL classification: E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages