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Politique monétaire

Author

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  • Jacques Fontanel

    (CESICE - Centre d'études sur la sécurité internationale et les coopérations européennes - UPMF - Université Pierre Mendès France - Grenoble 2 - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble)

Abstract

Currency is a carrier of choice. It is a general equivalent and an instrument for anticipating economic actions. The monetarist policy proposed by Milton Friedman was imposed at the beginning of the 1980s. Its main objective is to fight against inflation, and not in favour of full employment as Keynesian thought. It is about controlling the money supply or interest rates. The central bank uses, for example, reserve requirements, open market operations or refinancing. Debates on the European Union concern in particular an overly restrictive monetary policy, the Stability Pact, budget deficits and public debt.

Suggested Citation

  • Jacques Fontanel, 2004. "Politique monétaire," Post-Print hal-02871570, HAL.
  • Handle: RePEc:hal:journl:hal-02871570
    Note: View the original document on HAL open archive server: https://hal.univ-grenoble-alpes.fr/hal-02871570
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    References listed on IDEAS

    as
    1. Jacques Fontanel, 2004. "La Globalisation comme politique économique," Post-Print hal-02556013, HAL.
    2. Sen, Amartya, 1983. "Development: Which Way Now?," Economic Journal, Royal Economic Society, vol. 93(372), pages 742-762, December.
    3. Jacques Fontanel & Ivan Samson, 2002. "L’Etat, un agent économique contestable, mais irremplaçable," Post-Print hal-02197691, HAL.
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