Advanced Search
MyIDEAS: Login to save this paper or follow this series

Monetary Policy in the Second Half of the 1980s: How Much Room for Manoeuvre?


Author Info

  • Kevin Clinton
  • Jean-Claude Chouraqui


This paper discusses how monetary policy might assist macroeconomic performance in the second half of the 1980s in the G-10 countries, without compromising the medium-term objective of price stability. From this perspective, the recent stance of monetary policy is assessed, as well as its possible effects on output and inflation. The paper also examines the gains that might be expected from a short-run monetary stimulus, internationally coordinated, against the risks that might be implied for central bank credibility ... Ce document examine dans quelle mesure la politique monétaire pourrait contribuer à ameliorer la situation économique dans les pays du Groupe des Dix durant la seconde moitié des années 80, sans compromettre l'objectif de stabilité des prix à moyen terme. Dans cette optique, l'orientation récente des politiques monétaires est analysée ainsi que leurs effets possibles sur la production et l'inflation. Le document confronte en outre les gains éventuels de mesures d'expansion monétaire, coordonnées à l'echelle internationale, et les risques qui pourraient en résulter pour la crédibilité des banques centrales ...

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:
Download Restriction: no

Bibliographic Info

Paper provided by OECD Publishing in its series OECD Economics Department Working Papers with number 39.

as in new window
Date of creation: Feb 1987
Date of revision:
Handle: RePEc:oec:ecoaaa:39-en

Contact details of provider:
Postal: 2 rue Andre Pascal, 75775 Paris Cedex 16
Phone: 33-(0)-1-45 24 82 00
Fax: 33-(0)-1-45 24 85 00
Web page:
More information through EDIRC

Related research



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


Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Goodhart, Charles, 1989. "The Conduct of Monetary Policy," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 99(396), pages 293-346, June.


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


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:oec:ecoaaa:39-en. 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: ().

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.