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The Challenges of the "New Economy" for Monetary Policy
Cette, G.; Pfister, C. - Banque de France - 2003
long-run perspective, the central bank could capitalise on the NE to set lower inflation targets. In the short to medium …
Persistent link: https://www.econbiz.de/10005056529
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Tails of Inflation Forecasts and Tales of Monetary Policy
Andrade, P.; Ghysels, E.; Idier, J. - Banque de France - 2012
We introduce a new measure called Inflation-at-Risk (I@R) associated with (left and right) tail inflation risk. We estimate I@R using survey-based density forecasts. We show that it contains information not covered by usual inflation risk indicators which focus on inflation uncertainty and do...
Persistent link: https://www.econbiz.de/10010815970
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Une estimation de la cible implicite d’inflation dans la zone euro
Fève, P.; Matheron, J.; Sahuc, J-G. - Banque de France - 2009
Euro area countries as a whole have experienced a marked downward trend over the 1980s. Over this period, the unemployment rate has increased and economic activity has been sluggish. Changes in the implicit inflation target, viewed as low frequency movements of inflation, might possibly explain...
Persistent link: https://www.econbiz.de/10008477171
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Price Stability and The ECB's Monetary Policy Strategy
Bordes, C.; Clerc, L. - Banque de France - 2004
This paper focuses on the price stability objective within the framework of the single monetary policy strategy. It starts by reviewing what this objective, which is common to all central banks, means. Secondly, this paper will focus exclusively on the anchoring of short- to medium-term...
Persistent link: https://www.econbiz.de/10005056542
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Optimal Monetary and Prudential Policies.
Collard, F.; Dellas, H.; Diba, B.; Loisel, O. - Banque de France - 2012
has raised the question of whether and how to combine the corresponding main policy instruments (interest rate and bank …
Persistent link: https://www.econbiz.de/10010816018
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Banque centrale, taux de l'escompte et politique monétaire chez Henry Thornton (1760-1815).
Mésonnier, J-S. - Banque de France - 2002
's original views about the rate of interest on bank credit have barely been commented so far. In this paper, we endeavour to link … these views with his theory of central banking in order to demonstrate that Thornton advocated an active use of the Bank of … quantity of circulating banknotes. Nevertheless, Thornton does not appear to have conceived the Bank's rate as a true " key …
Persistent link: https://www.econbiz.de/10005056526
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Indépendance et responsabilité : évolution du métier de banquier central ; Colloque du Bicentenaire, 200 ans Banque de France
Patat, Jean-Pierre (contributor) - 2001
Persistent link: https://www.econbiz.de/10001593278
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Rapport annuel
Banque de France - Paris : [Verlag nicht ermittelbar] - 1994 -
Persistent link: https://www.econbiz.de/10009634121