La politique monétaire et la crise

Landais, Bernard (2009): La politique monétaire et la crise.

Abstract

This paper presents the interrelations between the economic and financial crisis and monetary policy. Its emphasizes three dimensions of the problem. First, monetary policy is partialy responsible of the financial and economics events of these last years. Second, strong monetary actions are needed and implemented with some success for curing the consequences of the crisis. Third, after the crisis, monetary policy may be never like before...

• Item Type: MPRA Paper
• English Title: Monetary Policy and The Crisis
• Language: French
• Keywords: Politique monétaire ; crise financière ; récession ; déflation ; mesures non-orthodoxes
• Subjects: E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy

References

Bibliographie

Ahrend, Rudiger, "Monetary Ease–A Factor behind Financial Crises? Some Evidence from OECD Countries",OCDE Discussion Paper, Décembre 2008.

Altman, Roger, Déposition devant le "Joint Economic Comittee du Congrès des États-Unis, Février 2009.

Banque de France, "Documents et Débats" N°2, Février 2009.

Becker, Sebastian, "Global Liquidity Glut and Asset Price Inflation: Fact or Fiction?", Deutsche Bank Research (2008).

Bernanke, Ben, "The Crisis and the Policy Response" Discours devant la London School of Economics, 13 Janvier 2009.

Bullard, James, "Three Funerals and a Wedding" F R B Saint Louis Review, Janvier/Février 2009.

Finocchiaro Daria et Queijo Von Heideken Virginia, "Do Central Bank React to House Price?" Sveridge Riksbank Working Papers N°217, Novembre 2007.

FMI, World Economic Outlook, Octobre 2008.

FMI, "Crisis and Recovery", World Economic Outlook, Avril 2009.

Krugman, Paul, "Depression Economics Returns", New York Times, 14 Novembre 2008.

Landais, Bernard, "Leçons de politique monétaire", De Boeck Université (2008).

Leigh Daniel et Stehn, Sven Jari, "Fiscal and Monetary ¨Policy During Downturns: Evidence from the G 7" IMF Working Paper 09/50 Mars 2009.

Makin, John, "Print Money and Cut the Payroll Tax" Economic Outlook, AE I on line, Décembre 2008.

Mishkin, Frederic, "Is Monetary Policy Effective During Financial Crises?" NBER Working Papers, N° 14678, Janvier 2009.

Niskanen, William, "Monetary Policy and Financial Regulation", Cato Handbook for Policymakers, N° 36, (2008).

Pilger, Jeremy, "Pushing on a String" Monetary Trends, FRB Saint Louis, Mars 2003.

Poole, William, "Milton Friedman, 1912-2006 : Some Personal Reflections" F R B Saint Louis Review, Volume 89, Janvier Février.

Romer, Christina, "Lessons from the New Deal", Déposition devant le "Economic Policy Subcommittee" du Sénat US, 31 Mars 2009.

Taylor, John, "The Financial Crisis and the Policy Responses: An empirical Analysis of What Went Wrong", NBER Working Paper, Janvier 2009.

Williams, John, "The Risk of Deflation", FRB San Francisco Economic Letter, Mars 2009.