Politique monétaire

Jacques Fontanel ()
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Jacques Fontanel: CESICE - Centre d'études sur la sécurité internationale et les coopérations européennes - UPMF - Université Pierre Mendès France - Grenoble 2 - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble

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Abstract: Currency is a carrier of choice. It is a general equivalent and an instrument for anticipating economic actions. The monetarist policy proposed by Milton Friedman was imposed at the beginning of the 1980s. Its main objective is to fight against inflation, and not in favour of full employment as Keynesian thought. It is about controlling the money supply or interest rates. The central bank uses, for example, reserve requirements, open market operations or refinancing. Debates on the European Union concern in particular an overly restrictive monetary policy, the Stability Pact, budget deficits and public debt.

Keywords: Currency; Monetary policy; inflation; public debt; budget deficit; Stability Pact; euro; European Central Bank; Monnaie; Politique monétaire; dettes publiques; déficit budgétaire; Pacte de stabilité; Banque centrale européenne (search for similar items in EconPapers)
Date: 2004-10
Note: View the original document on HAL open archive server: https://hal.univ-grenoble-alpes.fr/hal-02871570v1
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Published in Analyse des politiques économiques, Université Pierre Mendes France Grenoble, 2004

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