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La politique monétaire par le gonflement des bulles

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  • Meixing Dai

    (Maître de conférences, Université de Strasbourg (BETA))

Abstract

Certains observateurs affirment que les bulles réapparaissent dans les prix des actifs financiers et réels avec une plus grande intensité qu’en 2007. La plupart des banquiers centraux ne sont guère inquiets, ce qui est étonnant surtout après la grande crise systémique de 2008 résultant de l’éclatement des bulles immobilières et financières. Veulent-ils jouer au pompier pyromane ? Il est fort probable qu’ils n’ont pas le choix en raison des caractéristiques et du rôle du système financier façonné par les libéralisations et innovations financières depuis les années 1980.

Suggested Citation

  • Meixing Dai, 2013. "La politique monétaire par le gonflement des bulles," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), vol. 29(1), pages 15-24, December.
    • Handle: RePEc:ulp:buopee:v:29:y:2014:m:02:i:4
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    References listed on IDEAS

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    1. Michael D. Bordo & John Landon-Lane, 2014. "Does Expansionary Monetary Policy Cause Asset Price Booms? Some Historical and Empirical Evidence," Central Banking, Analysis, and Economic Policies Book Series, in: Sofía Bauducco & Lawrence Christiano & Claudio Raddatz (ed.),Macroeconomic and Financial Stability: challenges for Monetary Policy, edition 1, volume 19, chapter 3, pages 61-116, Central Bank of Chile.
    2. Michel Bordo & John Lando-Lane, 2013. "Does Expansionary Monetary Policy Cause Asset Price Booms? Some Historical and Empirical Evidence," Working Papers Central Bank of Chile 710, Central Bank of Chile.
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