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Variations de la vitesse et volatilité de la croissance monétaire : le cas français

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  • Christian Bordes

Abstract

[fre] Variation de la vitesse et volatilité de la croissance monétaire. Le cas français. . L'objectif de cet article est d'examiner, dans le cas français et sur la base de M1, M2 et M3, le bien-fondé de l'hypothèse friedmanienne selon laquelle la volatilité de la croissance monétaire influence l'évolution de la vitesse de circulation de la monnaie. Des tests sont effectués en utilisant deux versions des tests de causalité à la Oranger. Deux conclusions s'en dégagent : a) l'hypothèse ne peut être rejetée pour M1 et M2 ; b) l'influence de la volatilité de la croissance monétaire sur l'évolution de la vitesse est beaucoup moins forte en France que dans les autres pays industrialisés pour lesquels nous disposons d'études analogues. [eng] Velocity and the variability of money growth. Some evidence for France. . The purpose of this note is to report tests of Frieman's velocity hypothesis that money growth volatility affects velocity in the case of France. The evidence provides some additionnal support for this hypothesis. However, the evidence is less clear-out than the one found in studies of other industrial countries.

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  • Christian Bordes, 1991. "Variations de la vitesse et volatilité de la croissance monétaire : le cas français," Revue Économique, Programme National Persée, vol. 42(4), pages 733-744.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1991_num_42_4_409302
    DOI: 10.3406/reco.1991.409302
    Note: DOI:10.3406/reco.1991.409302
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