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Les effets stabilisants de la zone-cible du taux d’inflation [The stabilising effects of inflation-targeting zone] Author info | Abstract | Publisher info | Download info | Related research | Statistics Dai, Meixing
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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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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
13856.
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Date of creation: Dec 1998Date of revision:
Nov 2001Handle: RePEc:pra:mprapa:13856Contact details of provider: Postal: Schackstr. 4, D-80539 Munich, Germany Phone: +49-(0)89-2180-2219 Fax: +49-(0)89-2180-3900 Web page: http://mpra.ub.uni-muenchen.de More information through EDIRC
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Keywords: Mots clés: zone-cible du taux d’inflation ; politique monétaire ; marché financier. ; Find related papers by JEL classification: E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
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Other versions:
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Sargent, Thomas J & Wallace, Neil, 1973.
"Rational Expectations and the Dynamics of Hyperinflation ,"
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Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 14(2), pages 328-50, June.
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