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Les effets stabilisants de la zone-cible du taux d’inflation
[The stabilising effects of inflation-targeting zone]

Author

Listed:
  • Dai, Meixing

Abstract

Résumé: Une zone-cible du taux d’inflation comporte une borne supérieure et une borne inférieure clairement annoncées par les autorités monétaires. Ces dernières assurent la crédibilité de cette zone par des interventions ponctuelles sur les marchés financiers lorsque le taux d’inflation anticipé atteint la borne supérieure ou inférieure. Nous proposons dans ce papier un cadre théorique qui permet de démontrer que la zone-cible du taux d’inflation a des vertus stabilisantes : en stabilisant le taux d’inflation anticipé, elle stabilise le taux d’inflation réalisé et les autres variables macro-économiques.

Suggested Citation

  • Dai, Meixing, 1998. "Les effets stabilisants de la zone-cible du taux d’inflation
    [The stabilising effects of inflation-targeting zone]
    ," MPRA Paper 13856, University Library of Munich, Germany, revised Nov 2001.
  • Handle: RePEc:pra:mprapa:13856
    as

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    File URL: https://mpra.ub.uni-muenchen.de/13856/1/MPRA_paper_13856.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Mots clés: zone-cible du taux d’inflation; politique monétaire; marché financier. Keywords: Inflation rate target zone; monetary policy; financial market;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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