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Une union monétaire européenne pourrait-elle être moins inflationniste qu'une zone mark? un argument

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  • Daniel Laskar

Abstract

We develop an argument which shows that inflation tends to be both lower and less variable in a symmetric monetary zone (a European Monetary Union) than in an asymmetric one (a Deutsche-Mark zone). The argument is related to issue of credibility of monetary policy. We show that in the symmetric system the central bank should care more about inflation than in the asymmetric one.

Suggested Citation

  • Daniel Laskar, 1991. "Une union monétaire européenne pourrait-elle être moins inflationniste qu'une zone mark? un argument," Annals of Economics and Statistics, GENES, issue 24, pages 155-179.
    • Handle: RePEc:adr:anecst:y:1991:i:24:p:155-179
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    File URL: http://www.jstor.org/stable/20075847
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    Cited by:

    1. Daniel Laskar, 1993. "Union monétaire : différences structurelles et asymétrie des chocs," Revue Économique, Programme National Persée, vol. 44(6), pages 1045-1070.
    2. Daniel Laksar, 1994. "Choix d'un régime de change : le rôle des questions de crédibilité et d'interdépendance entre pays," Revue Économique, Programme National Persée, vol. 45(3), pages 515-528.
    3. Jean Pisani-Ferry & Claude Bismut, 1993. "L'union économique et monétaire : principes et implications," Revue Économique, Programme National Persée, vol. 44(1), pages 121-142.

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