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Le dollar et l’inflation mondiale

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  • Laure Frey
  • Benoît Mojon

Abstract

[fre] Les liens entre inflation mondiale et dollar sont analysés à partir des politiques monétaires et de l'évolution des matières premières, Sur le premier point, les auteurs concluent que la politique monétaire américaine ne peut être tenue pour directement responsable de la corrélation observée des inflations au niveau mondial qui résulte plutôt des différentes politiques monétaires. Par contre, étant la principale monnaie de facturation et de réserve, le dollar a pu, du fait de politiques accommodantes, favoriser la forte hausse du prix des matières premières enregistrée ces dernières années. . Classification JEL : E31, E58, E44, F43, Q4 [eng] Dollar and World Inflation . The relations between the world inflation and the dollar are analysed through the monetary policies and the price variations of the raw materials. According to the authors, the American monetary policy is not directly responsible for the correlation of the worldwide inflation. These correlations result rather from the effects of different monetary policies in different areas. On the other hand, being the main reserve and trade currency, the dollar may have furthered the strong rise of the price of the raw materials during these last years. . Classification JEL : E31, E58, E44, F43, Q4

Suggested Citation

  • Laure Frey & Benoît Mojon, 2009. "Le dollar et l’inflation mondiale," Revue d'Économie Financière, Programme National Persée, vol. 94(1), pages 81-106.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2009_num_94_1_5293
    DOI: 10.3406/ecofi.2009.5293
    Note: DOI:10.3406/ecofi.2009.5293
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    More about this item

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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