Les défis posés à la politique monétaire par un environnement plus exigeant

François Villeroy de Galhau, Vincent Bignon and Bruno Cabrillac

Revue d'économie financière, 2021, vol. N° 144, issue 4, 107-121

Abstract: Central bank policy has helped to overcome two major crises in the recent period. And if the adage that central banks cannot do everything remains true, it is nevertheless clear that central banks are now obliged to take an interest not only in the monetary pillar, but also in new categories such as the rise in public debts, the investments needed for climate change, the rise in inequality or the concentration of wealth, in short to broaden the criteria for stability through a monetary and financial analysis. Classification JEL: E40, E50, E52, E58, E60

JEL-codes: E40 E50 E52 E58 E60 (search for similar items in EconPapers)
Date: 2021
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