IDEAS home Printed from
MyIDEAS: Login to save this article

Intégration monétaire et financière dans les modèles macro­économiques : bilan et nouvelles pistes

  • Frédéric Boissay
  • Pierre Malgrange

[eng] The paper is devoted to a review of how are taken into account the trans- mission chanels to the real sector of monetary policy in traditional macro- econometric models, as well as their limits, especially in the case of France. In a second section, more modern theories of monetary transmission mechanisms are examined, more especially those deriving from rigorous foundations of credit rationing (credit chanel) and leading to the notions of flight to quality and financial accelerator. [fre] L'article est consacré à une revue de synthèse de la manière dont ont été et sont encore pris en compte les canaux de transmission à la sphère réelle de la politique monétaire dans les modèles macro-économétriques opérationnels de facture traditionnelle et en montre les limites, à l'étranger et spécialement dans le cas de la France. Il examine dans une deuxième partie les théories plus récentes des mécanismes de transmission, en particulier celles faisant émerger de fondements rigoureux les conséquences macro-économiques d'un rationnement du crédit (canal du crédit) et conduisant entre autres aux notions de fuite vers la qualité et d'accélérateur financier.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

File URL:
Download Restriction: no

Article provided by Programme National Persée in its journal Revue française d'économie.

Volume (Year): 12 (1997)
Issue (Month): 3 ()
Pages: 3-42

in new window

Handle: RePEc:prs:rfreco:rfeco_0769-0479_1997_num_12_3_1025
Note: DOI:10.3406/rfeco.1997.1025
Contact details of provider: Web page:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:prs:rfreco:rfeco_0769-0479_1997_num_12_3_1025. 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: (Equipe PERSEE)

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 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.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.