This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

La transparence de la politique monétaire et la dynamique des marchés financiers

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Meixing DAI
Moïse SIDIROPOULOS
Eleftherios SPYROMITROS

Additional information is available for the following registered author(s):

Abstract

Cet article étudie les implications, en termes de stabilité économique, de la relation entre le degré d’indépendance de la Banque centrale et le degré de transparence (ou d’opacité) de la politique monétaire dans un modèle qui tient explicitement compte des marchés financiers et ainsi de la dynamique jointe de l’inflation et des cours boursiers. Nous montrerons que l’opacité sur les préférences de la Banque centrale exerce une influence négative sur la stabilité. Cette influence négative pourrait être modérée ou compensée par les effets d’un écart positif entre le poids relatif perçu par le public et le vrai poids que la Banque centrale attribue à l’objectif d’output. Par ailleurs, un marché du travail peu flexible, une demande de biens peu sensible au taux d’intérêt réel, ou encore une vitesse de circulation de la monnaie et une élasticité - intérêt de la demande de monnaie élevées exigent une plus grande transparence pour assurer la stabilité de l’économie.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help file. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://cournot2.u-strasbg.fr/users/beta/publications/2007/2007-19.pdf
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg in its series Working Papers of BETA with number 2007-19.

Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Length:
Date of creation: 2007
Date of revision:
Handle: RePEc:ulp:sbbeta:2007-19

Contact details of provider:
Postal: PEGE. 61, Aven. de la For�t-Noire 67000 Strasbourg
Phone: +33 3 90 24 20 69
Fax: +33 3 90 24 20 71
Email:
Web page: http://cournot2.u-strasbg.fr/users/beta/
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: ().

Related research
Keywords: Transparence règle de taux d’intérêt prix des actifs stabilité macroéconomique.

Other versions of this item:

Find related papers by JEL classification:
E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

This paper has been announced in the following NEP Reports:

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.:
  1. Bruno Deffains & Dominique Demougin, 2006. "Institutional Competition, Political Process and Holdup," SFB 649 Discussion Papers SFB649DP2006-027, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany. [Downloadable!]
  2. Frédéric KOESSLER & Anthony ZIEGELMEYER, 2002. "Parimutuel Betting under Asymmetric Information," Working Papers of BETA 2002-17, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
    Other versions:
  3. Nicolas Carayol & Pascale Roux, 2006. "Knowledge flows and the geography of networks. A strategic model of small worlds formation," Working Papers of BETA 2006-16, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  4. Stéphane Betrand & Kene Boun My & Alban Verchère, 2005. "Faire émerger la coopération internationale : une approche expérimentale comparée du bilatéralisme et du multilatéralisme," Working Papers of BETA 2005-13, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  5. Giovanni Dosi & Patrick Llerena & Mauro Sylos Labini, 2005. "Science-Technology-Industry Links and the ”European Paradox”: Some Notes on the Dynamics of Scientific and Technological Research in Europe," LEM Papers Series 2005/02, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy. [Downloadable!]
    Other versions:
  6. Gael Giraud & John Quah, 2003. "Homothetic or Cobb-Douglas Behavior Through Aggregation," Contributions to Theoretical Economics, Berkeley Electronic Press, vol. 3(1), pages 1058-1058. [Downloadable!] (restricted)
  7. Phu NGUYEN VAN & Ulrich KAISER & François LAISNEY, 2001. "The Performance of German Firms in the Business-Related Service Sectors: A Dynamic Analysis," Working Papers of BETA 2001-16, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
    Other versions:
  8. Müge Ozman, 2006. "Knowledge Integration and Network Formation," Working Papers of BETA 2006-06, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  9. Giorgio Fagiolo & Marco Valente & Nicolaas J. Vriend, 2005. "Segregation in Networks," LEM Papers Series 2005/22, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy. [Downloadable!]
    Other versions:
  10. Frédéric KOESSLER & Anthony ZIEGELMEYER & Marie-Hélène BROIHANNE, 2002. "The Favorite-Longshot Bias in Sequential parimutuel Betting with Non-Expected Utility Players," Working Papers of BETA 2002-12, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  11. Phu NGUYEN VAN, 2003. "A semiparametric analysis of determinants of protected area," Working Papers of BETA 2003-03, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
    Other versions:
  12. Théophile AZOMAHOU & Phu NGUYEN VAN & T. Kim-Cuong PHAM, 2003. "Relativité de la satisfaction dans la vie : une étude sur données de panel," Working Papers of BETA 2003-06, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  13. Frédéric KOESSLER & Anthony ZIEGELMEYER, 2000. "Tie-breaking Rules and Informational Cascades: A Note," Working Papers of BETA 2000-09, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  14. Nicolas Carayol & Pascale Roux, 2006. "A strategic model of complex networks formation," Working Papers of BETA 2006-02, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  15. Sandra Lechner & Anne Rozan & François Laisney, 2003. "A model of the anchoring effect in dichotomous choice valuation with follow-up," Working Papers of BETA 2003-07, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  16. Julien Pénin, 2003. "Patents versus ex-post rewards : a new look," Cahiers de recherche du Département des sciences économiques, UQAM 20-19, Université du Québec à Montréal, Département des sciences économiques. [Downloadable!]
  17. Muge Ozman, 2007. "Network Formation and Strategic Firm Behaviour to Explore and Exploit," Working Papers of BETA 2007-07, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  18. Rabah Amir & Isabelle Maret & Michael Troge, 2004. "On Taxation Pass-Through for a Monopoly Firm," Working Papers of BETA 2004-10, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  19. Théophile AZOMAHOU & Phu NGUYEN VAN & Marcus WAGNER, 2001. "Determinants of Environmental and Economic Performance of Firms: An Empirical Analysis of the European Paper Industry," Working Papers of BETA 2001-22, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  20. Rabah Amir & Thierry Leiber & Isabelle Maret, 2006. "Channel Performance and Incentives for Retail Cost Misrepresentation," Working Papers of BETA 2006-20, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  21. Simona Iammarino & Francesca Sanna-Randaccio & Maria Savona, 2007. "The perception of obstacles to innovation. Multinational and domestic firms in Italy," Working Papers of BETA 2007-12, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  22. Nicolas CARAYOL & Thuc Uyen NGUYEN THI, 2004. "Why do Academic Scientists Engage in Interdisciplinary Research ?," Working Papers of BETA 2004-17, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  23. Romain Baeriswyl & Camille Cornand, 2007. "Transparence et Efficacité de la Politique Monétaire," Working Papers of BETA 2007-01, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  24. Th. Azomahou & J. El Ouardighi & Ph. Nguyen Van & Th. Kim Cuong Pham, 2004. "Semiparametric Analysis of the Regional Convergence Process," THEMA Working Papers 2004-22, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. [Downloadable!]
  25. Alexandre Sokic, 2007. "Monetary hyperinflations, speculative hyperinflations and modelling the use of money," Working Papers of BETA 2007-05, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  26. Li Qin & Elefterios Spyromitros & Moïse Sidiropoulos, 2006. "Does Model Uncertainty Lead to Less Central Bank Transparency?," Working Papers of BETA 2006-22, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  27. Thierry Burger-Helmchen, 2006. "Option chain and change management : a structural equation application," Working Papers of BETA 2006-28, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  28. Herrade IGERSHEIM, 2004. "Du paradoxe libéral-parétien à un concept de métaclassement des préférences," Working Papers of BETA 2004-16, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  29. Herrade Igersheim, 2006. "A.K. Sen et J.E. Roemer : une même approche de la responsabilité ?," Working Papers of BETA 2006-08, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  30. Müge Ozman, 2006. "Networks and Innovation : A Survey of Empirical Literature," Working Papers of BETA 2006-07, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  31. Azomahou, T. & Van Phu, N., 2001. "Economic Growth and CO2 Emissions: a Nonparametric Approach," Papers 0112, Catholique de Louvain - Center for Operations Research and Economics.
    Other versions:
  32. Théophile Azomahou & Tapas Mishra, 2006. "Age Dynamics and Economic Growth: Revisiting the Nexus in a Nonparametric Setting," Working Papers of BETA 2006-36, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  33. Giuseppe Dari-Mattiacci & Eric Langlais & Bruno Lovat & Francesco Parisi, 2007. "Crowding-out in productive and redistributive rent-seeking," Public Choice, Springer, vol. 127(1), pages 199-229, October. [Downloadable!] (restricted)
    Other versions:
  34. Moïse Sidiropoulos & Eleftherios Spyromitros, 2006. "Fiscal Policy in a Monetary Union Under Alternative Labour-Market Structures," Working Papers of BETA 2006-25, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  35. Laurent Gagnol & Jean-Alain Héraud, 2001. "Impact économique régional d'un pôle universitaire : application au cas strasbourgeois," Working Papers of BETA 2001-11, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  36. Phu Nguyen Van, 2005. "Distribution Dynamics of CO2 Emissions," THEMA Working Papers 2005-10, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. [Downloadable!]
  37. Phu NGUYEN VAN, 2002. "Endogenous Population and Environmental Quality," Working Papers of BETA 2002-09, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  38. Roberto FONTANA & Aldo GEUNA & Mireille MATT, 2005. "Factors Affecting University–Industry R&D Collaboration : The importance of screening and signalling," Working Papers of BETA 2005-07, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  39. Patrick Llerena & Vanessa Oltra, 2000. "Diversity of innovative strategy as a source of technological performance," DRUID Working Papers 00-1, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies. [Downloadable!]
    Other versions:
Full references

Cited by:
(explanations, 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.)

  1. Meixing DAI, 2007. "A two-pillar strategy to keep inflation expectations at bay: A basic theoretical framework," Working Papers of BETA 2007-20, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  2. Li Qin & Eleftherios Spyromitros & Moïse Sidiropoulos, 2007. "Monetary Policy with Uncertain Central Bank Preferences for Robustness," Working Papers of BETA 2007-23, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
Statistics
Access and download statistics

Did you know? A tutorial is available.

This page was last updated on 2008-7-15.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.