IDEAS home Printed from https://ideas.repec.org/p/hal/wpaper/hal-03459395.html
   My bibliography  Save this paper

La désinflation manquante : un phénomène américain uniquement ?

Author

Listed:
  • Paul Hubert

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Mathilde Le Moigne

    (ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres)

Abstract

Le comportement de l'inflation aux États-Unis lors de la crise économique de 2008-2009, qui n'a pas suivi les prédictions d'une courbe de Phillips classique, a donné lieu au phénomène de « missing disinflation ». Nous évaluons si ce phénomène a également eu lieu en zone euro. Nous trouvons que l'inflation en zone euro a bien suivi les prédictions d'une courbe de Phillips, mais qu'il existe de fortes divergences intra-européennes, entre d'un côté l'Allemagne et la France, où l'inflation prédite par une courbe de Phillips est proche de l'inflation réalisée, et d'un autre l'Italie, l'Espagne et la Grèce, où dans la période qui précède la crise financière, l'inflation observée n'est pas en ligne avec l'inflation prédite. La crise de 2009 semble avoir réduit partiellement ces déviations.

Suggested Citation

  • Paul Hubert & Mathilde Le Moigne, 2016. "La désinflation manquante : un phénomène américain uniquement ?," Working Papers hal-03459395, HAL.
    • Handle: RePEc:hal:wpaper:hal-03459395
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03459395
    as

    Download full text from publisher

    File URL: https://sciencespo.hal.science/hal-03459395/document
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Christophe Blot & Caroline Bozou & Jérôme Creel, 2022. "Inflation expectations in the euro area: trends and policy considerations," SciencePo Working papers Main hal-03943684, HAL.

    More about this item

    Keywords

    Inflation; Courbe de Phillips;

    JEL classification:

    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:wpaper:hal-03459395. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.