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De la crise financière à la récession : une lecture « à la Bernanke »

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  • Jean-Paul Pollin

Abstract

[fre] En s’appuyant sur une contribution de Bernanke, réinterprétant la crise de 1929, on cherche à détailler les mécanismes par lesquels les crises financières se transmettent à l’économie réelle. Pour l’essentiel, cette propagation passe par une augmentation du coût d’intermédiation qui affecte l’efficience de l’allocation du capital. On montre que cette analyse reste la plus pertinente pour étudier et prévoir les conséquences de la crise actuelle, même si les formes qu’elle prend et le contexte macroéconomique dans lequel elle se déroule diffèrent. On cherche, enfin, à dégager de ce constat quelques enseignements de politique économique susceptibles de faciliter la sortie de crise.

Suggested Citation

  • Jean-Paul Pollin, 2008. "De la crise financière à la récession : une lecture « à la Bernanke »," Revue d'Économie Financière, Programme National Persée, vol. 7(1), pages 27-35.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2008_hos_7_1_5181
    DOI: 10.3406/ecofi.2008.5181
    Note: DOI:10.3406/ecofi.2008.5181
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    References listed on IDEAS

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    Cited by:

    1. François Facchini, 2010. "2007 : une crise systémique ?," Revue d'Économie Financière, Programme National Persée, vol. 97(2), pages 155-183.
    2. François Facchini, 2010. "2007 : une crise systémique ?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00480066, HAL.
    3. Robert Raymond, 2009. "Vers l'indépendance des banques centrales et une politique monétaire européenne," Revue d'Économie Financière, Programme National Persée, vol. 8(1), pages 21-50.

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