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Les effets stabilisants de la zone-cible du taux d’inflation
[The stabilising effects of inflation-targeting zone]

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  • Dai, Meixing

Abstract

Résumé: Une zone-cible du taux d’inflation comporte une borne supérieure et une borne inférieure clairement annoncées par les autorités monétaires. Ces dernières assurent la crédibilité de cette zone par des interventions ponctuelles sur les marchés financiers lorsque le taux d’inflation anticipé atteint la borne supérieure ou inférieure. Nous proposons dans ce papier un cadre théorique qui permet de démontrer que la zone-cible du taux d’inflation a des vertus stabilisantes : en stabilisant le taux d’inflation anticipé, elle stabilise le taux d’inflation réalisé et les autres variables macro-économiques.

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File URL: http://mpra.ub.uni-muenchen.de/13856/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 13856.

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Date of creation: Dec 1998
Date of revision: Nov 2001
Handle: RePEc:pra:mprapa:13856

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Related research

Keywords: Mots clés: zone-cible du taux d’inflation; politique monétaire; marché financier. Keywords: Inflation rate target zone; monetary policy; financial market;

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References

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