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La rupture de la Banque centrale européenne avec la thèse monétariste

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  • Alain Buzelay

    (CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine)

Abstract

The European Union's monetary policy, institutionalized by the Maastricht Treaty, was designed from a predominantly monetarist perspective, i.e. within a dogmatic framework reducing all the ills of an economy to inflation, whose sole cause would be the excess quantity of currency in circulation. But under the impact of the crises that have heavily impacted our economies since 2008, this perspective has gradually been discarded in favour of a European monetary policy that prefers to resort to new instruments serving other objectives.

Suggested Citation

  • Alain Buzelay, 2021. "La rupture de la Banque centrale européenne avec la thèse monétariste," Post-Print hal-03533652, HAL.
    • Handle: RePEc:hal:journl:hal-03533652
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