IDEAS home Printed from
   My bibliography  Save this article

Evaluation de la politique monétaire dans un modèle DSGE pour la zone euro


  • Stéphane Adjemian
  • Antoine Devulder


This article provides a detailed description of a canonical DSGE model and presents the methods used for its estimation and simulation. Then, we conduct two monetary policy experiments using the estimated model. The first one assesses the impact on the social welfare of changes in the specification of the monetary policy rule. We show that the social welfare is significantly deteriorated if the central bank does not react to the output gap. The second exercise deals with the announcement of monetary policy decisions. We show that the central bank should not announce a temporary accommodating monetary stance after a negative productivity shock in order to curb inflationary pressures.

Suggested Citation

  • Stéphane Adjemian & Antoine Devulder, 2011. "Evaluation de la politique monétaire dans un modèle DSGE pour la zone euro," Revue française d'économie, Presses de Sciences-Po, vol. 0(1), pages 201-245.
  • Handle: RePEc:cai:rferfe:rfe_111_0201

    Download full text from publisher

    File URL:
    Download Restriction: free

    File URL:
    Download Restriction: free

    Other versions of this item:


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

    Cited by:

    1. Jean-Bernard Chatelain & Kirsten Ralf, 2017. "Can We Identify the Fed's Preferences?," Working Papers halshs-01549908, HAL.
    2. Kawther Alimi & Mohamed Chakroun & Grégory Levieuge, 2019. "Diagnosis of Monetary Policy in Tunisia During the Last Decade: a DSGE Model Approach," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(1), pages 348-364, March.
    3. Tsasa Vangu, Jean-Paul Kimbambu, 2014. "Diagnostic de la politique monétaire en Rép. Dém. Congo – Approche par l’Equilibre Général Dynamique Stochastique," Dynare Working Papers 38, CEPREMAP.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:rferfe:rfe_111_0201. 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: (Jean-Baptiste de Vathaire). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.