Une union monétaire européenne pourrait-elle être moins inflationniste qu'une zone mark? un argument

Daniel Laskar

Annals of Economics and Statistics, 1991, issue 24, 155-179

Abstract: We develop an argument which shows that inflation tends to be both lower and less variable in a symmetric monetary zone (a European Monetary Union) than in an asymmetric one (a Deutsche-Mark zone). The argument is related to issue of credibility of monetary policy. We show that in the symmetric system the central bank should care more about inflation than in the asymmetric one.

Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1991:i:24:p:155-179

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