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Les « hélicoptères » des banques centrales

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  • Meixing Dai

    (BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique)

Abstract

Les effets de la politique d'assouplissement quantitatif, dont la mise en place ressemble à un « lâchage par hélicoptères » de la monnaie, sont assez complexes. Mise en œuvre suite à une crise majeure induite par le dégonflement des bulles sur les prix d'actifs, cette politique crée, du fait de son caractère de distribution restreinte de la monnaie, des effets redistributifs au profit des institutions financières et bancaires sans toutefois relancer efficacement la croissance.

Suggested Citation

  • Meixing Dai, 2011. "Les « hélicoptères » des banques centrales," Post-Print hal-04080468, HAL.
    • Handle: RePEc:hal:journl:hal-04080468
    Note: View the original document on HAL open archive server: https://hal.science/hal-04080468
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    References listed on IDEAS

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    1. Willem H. Buiter, 2005. "New Developments in Monetary Economics: Two ghosts, Two Eccentricities, a Fallacy, a Mirage and a Mythos," Economic Journal, Royal Economic Society, vol. 115(502), pages 1-31, March.
    2. Emmanuel Farhi & Jean Tirole, 2009. "Leverage and the Central Banker's Put," American Economic Review, American Economic Association, vol. 99(2), pages 589-593, May.
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    Cited by:

    1. Meixing Dai, 2020. "La réponse de la BCE face à la pandémie de Covid-19," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), vol. 42(1), pages 5-14, July.

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    More about this item

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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