'intérêt optimale les cours boursiers. Nous montrons que lorsque la Banque Centrale a une forte aversion pour l'inflation en attribuant … un poids important à l'objectif de l'inflation par rapport à celui de l'output (le cas d'un banquier « conservateur » au … a strong inflationary aversion by giving more important weight to inflation target relative to output target (the case …

The mainstream inflation-targeting literature makes the strong assumption that the central bank can exactly target the … policy strategy. This assumption is equivalent to admitting the perfect credibility of inflation target announced by the … liquidity as the economic agents demand. Neither of these assumptions corresponds to the reality. In effect, the inflation …

combination of inflation targeting and monetary targeting. Well conceived monetary targeting with a commitment to a long-run money … growth rate corresponding to inflation target could reinforce the credibility of central bank announcements and the role of … inflation target as strong and credible nominal anchor for private inflation expectations. However, an inflation …

, flexible price LM curve makes it possible to specify the expected inflation rate dynamics within an analytical framework …