IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Politique monetaire et prix des actifs: le cas des Etats-Unis

Listed author(s):
  • Wibaut, Q.
Registered author(s):

    Ce document donne un apercu de debat actuel sur la prise en compte des prix des actifs par la politique monetaire, se concentrant sur l'evolution des cours des actions aux Etats-Unis. Il passe d'abord en revue les principales causes et consequences de cette evolution, puis resume les arguments pour et contre une reaction de la politique monetaire. L'approche courante qui recourt a la formule de Gordon-Shapiro n'est pas a meme de rendre compte du niveau eleve des cours boursiers qui prevaut actuellement. Plusieurs limites du modele de concurrence parfaite de Gordon-Shapiro peuvent expliquer l'ecart entre les prix observes sur les marches et les prix "justifies" par ce modele. Les cours des actions imfluencent l'investissement et la consommation par divers canaux. Bien que la politique monetaire ne puisse pas ignorer les fluctuations des prix des actifs, l'opinion prevaut qu'elle ne doit pas en tenir compte au-dela de leurs repercussions sur l'inflation.

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below under "Related research" whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Paper provided by Warwick - Development Economics Research Centre in its series Papers with number 11.

    in new window

    Length: 50 pages
    Date of creation: 2000
    Handle: RePEc:fth:warwde:11
    Contact details of provider: Postal:
    University of Warwick, Development Economics Research Center, Coventry CV4 7AL, United Kingdom.

    Phone: +44 (0) 2476 523202
    Fax: +44 (0) 2476 523032
    Web page:

    More information through EDIRC

    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:fth:warwde:11. 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: (Thomas Krichel)

    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.