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Règles de Politique Monétaire en Présence d’Incertitude : Une Synthèse

Author

Listed:
  • Hervé Le Bihan
  • Jean-Guillaume Sahuc

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

Abstract

Cet article présente une synthèse de la littérature consacrée aux implications de l’incertitude pourla conduite de la politique monétaire. La littérature en question s’organise autour de deux principes fondateurs. Le principe d’équivalent-certain indique qu’une incertitude additive - en particulier une incertitude sur la mesure des variables - n’affecte pas la politique optimale de la banque centrale. Le principe de conservatime indique en revanche qu’en présence d’incertitude sur les mécanismes de transmission, la politique optimale tend à être plus prudente qu’en univers certain. Nous passons en revue une série de travaux récents, qui s’est attachée à nuancer et étendre sur les plans théorique et empirique ces deux principes.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Hervé Le Bihan & Jean-Guillaume Sahuc, 2002. "Règles de Politique Monétaire en Présence d’Incertitude : Une Synthèse," Post-Print hal-01612723, HAL.
  • Handle: RePEc:hal:journl:hal-01612723
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    Cited by:

    1. Sanvi Avouyi-Dovi & Jean-Guillaume Sahuc, 2009. "Comportement du banquier central en environnement incertain," Revue d'économie politique, Dalloz, vol. 119(1), pages 119-142.
    2. repec:hal:spmain:info:hdl:2441/2942 is not listed on IDEAS
    3. Gilbert Cette & Christian Pfister, 2004. "Challenges of the “New Economy” for Monetary Policy," International Productivity Monitor, Centre for the Study of Living Standards, vol. 8, pages 27-36, Spring.
    4. repec:spo:wpmain:info:hdl:2441/2942 is not listed on IDEAS

    More about this item

    Keywords

    [Pas de mot-clé];

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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