L'observation de la politique monetaire menee recemment par la Reserve Federale montre qu'il y a reaction tardive aux evolutions cycliques reelles ou financieres, et pas tentative d'anticipation de ces evolutions. La Reserve Federale se comporte donc comme si elle n'essayait pas d'utiliser les previsions qu'elle peut construire des evolutions economiques futures, donc comme si elle ne disposait pas d'informations privilegiee sur ces evolutions.
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Paper provided by Caisse des Depots et Consignations - Cahiers de recherche in its series Papers with number
2001-71/ma.
Length: 17 pages Date of creation: 2001 Date of revision: Handle: RePEc:fth:cadeco:2001-71/ma
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Find related papers by JEL classification: E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies