This article deals with the relevancy of expansionary monetary policy in a situation of financial crisis in an historical perspective. We simulate, within a svar framework, the effects of expansionary monetary policy over the period 1929-1933, in the us. We suggest a renewed monetary lesson in...

Much of the economic growth literature has focused on the contribution of human capital to national development. Two assumptions have remained largely unexamined: (I) economic stability results from economic growth, and (II) investments in human capital result in economic growth (ceteris...

[fre] L'instabilité de la détermination du taux de change dans un modèle monétariste, . par Jacques Luzi, Jamel Trabelsi.. . Cet article étudie et compare les comportements à court terme du taux de change nominal et du niveau des prix domestiques dans un modèle d'équilibre à...