"Nouvelle économie" et politique monétaire

Christian Pfister and Gilbert Cette

Revue Économique, 2002, vol. 53, issue 3, 669-677

Abstract: [fre] "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. [eng] "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.

Date: 2002
Note: DOI:10.3406/reco.2002.410436
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://doi.org/10.3406/reco.2002.410436 (text/html)
https://www.persee.fr/doc/reco_0035-2764_2002_num_53_3_410436 (text/html)
Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

Related works:
Journal Article: « Nouvelle économie » et politique monétaire (2002)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prs:reveco:reco_0035-2764_2002_num_53_3_410436

Access Statistics for this article

Revue Économique is currently edited by Presses de Sciences-Po

More articles in Revue Économique from Programme National Persée
Bibliographic data for series maintained by Equipe PERSEE ().