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Les défis posés à la politique monétaire par un environnement plus exigeant

Author

Listed:
  • François Villeroy de Galhau
  • Vincent Bignon
  • Bruno Cabrillac

Abstract

Central bank policy has helped to overcome two major crises in the recent period. And if the adage that central banks cannot do everything remains true, it is nevertheless clear that central banks are now obliged to take an interest not only in the monetary pillar, but also in new categories such as the rise in public debts, the investments needed for climate change, the rise in inequality or the concentration of wealth, in short to broaden the criteria for stability through a monetary and financial analysis. Classification JEL: E40, E50, E52, E58, E60

Suggested Citation

  • François Villeroy de Galhau & Vincent Bignon & Bruno Cabrillac, 2021. "Les défis posés à la politique monétaire par un environnement plus exigeant," Revue d'économie financière, Association d'économie financière, vol. 0(4), pages 107-121.
    • Handle: RePEc:cai:refaef:ecofi_144_0107
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    JEL classification:

    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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