Aux origines de la théorie des politiques monétaires

Jean-Paul Pollin

Revue française d'économie, 2022, vol. Volume XXXVII, issue 3, 73-102

Abstract: This article intends to describe how the theory of monetary policies was constituted from the debates of early days of Keynesianism. These debates first focused on the channels for integrating money into the standard model of Keynesian macroeconomics. Then the questions on the micro foundations of macroeconomics led to a return to the theory of general equilibrium, which gave rise to an extension of the integration of money to that of financing conditions. Even if they have been and remain discussed these contributions sketched out an analytical framework which allows us to think about the functions of monetary policies as well as how to implement them. We discuss this point in the last part of the paper.

Date: 2022
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