https://mpra.ub.uni-muenchen.de/id/eprint/13779 2019-09-28T02:15:55Z info:eu-repo/semantics/descriptiveMetadata https://mpra.ub.uni-muenchen.de/13779/ Une note sur la règle du taux d’intérêt et le rôle de la courbe LM Dai, Meixing E43 - Interest Rates: Determination, Term Structure, and Effects E51 - Money Supply ; Credit ; Money Multipliers E58 - Central Banks and Their Policies E52 - Monetary Policy This note takes part in the debate on the topic “a macroeconomics without LM”. It shows that, when the central bank does not control directly the interest rates on the money and financial markets, LM curve has another role to play than to determine in an endogenous way the money supply when the monetary policy is specified in terms of interest rate rule. In effect, flexible price LM curve makes it possible to specify the expected inflation rate dynamics within an analytical framework generally adopted by the economists defending the idea of abandoning LM in the teaching of the macroeconomics in first cycle. 2003-12 MPRA Paper NonPeerReviewed application/pdf en https://mpra.ub.uni-muenchen.de/13779/1/MPRA_paper_13779.pdf Dai, Meixing (2003): Une note sur la règle du taux d’intérêt et le rôle de la courbe LM. fr info:eu-repo/semantics/objectFile info:eu-repo/semantics/humanStartPage