| Titre | "Nouvelle économie" et politique monétaire | |
|---|---|---|
| Auteur | Christian Pfister, Gilbert Cette | |
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Revue | Revue économique |
| Numéro | vol. 53, no. 3, 2002 Développements récents de l'analyse économique (50è congrès de l'Association française de science économique, 2001) | |
| Page | 669-677 | |
| Résumé |
"New economy" and monetary policy
The emergence and diffusion of information and communication technologies (ICT) raise potential growth along uncertain proportions and for an indeterminate period. This speeding up of growth and the partly transitory slowdown of inflation that cornes with it are featured here as the "New Economy" (NE). Monetary policy can take advantage of the ne to lowerits inflation objective, ifprice expectations are enough forward-looking for possible nominal rigidities to be negligible. Furthermore, the Central Bank should be cautious in diagnosing a change in potential growth. Source : Éditeur (via Persée) |
|
| Résumé anglais |
"New economy" and monetary policy
The emergence and diffusion of information and communication technologies (ICT) raise potential growth along uncertain proportions and for an indeterminate period. This speeding up of growth and the partly transitory slowdown of inflation that cornes with it are featured here as the "New Economy" (NE). Monetary policy can take advantage of the ne to lowerits inflation objective, ifprice expectations are enough forward-looking for possible nominal rigidities to be negligible. Furthermore, the Central Bank should be cautious in diagnosing a change in potential growth. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/reco_0035-2764_2002_num_53_3_410436 |
