Du côté de l'offre de monnaie

Henri Sterdyniak () and Pierre Villa
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Henri Sterdyniak: INSEE - Institut national de la statistique et des études économiques (INSEE), OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po
Pierre Villa: INSEE - Institut national de la statistique et des études économiques (INSEE)

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Abstract: This article analyses the treatment of the supply of money in the French models. It presents the ? credit availability thesis ? which places emphasis on credit rationing and its impact on investment. It discusses the theories of Brunner and Meltzer and their applications to France (adjusted monetary base, money definition, money and credit multipliers and the interaction between the various asset counterparts of money and the base). It presents the various models, based on Brunner and Meltzer, which separately analyse the credit and the money markets in France. It discusses the links between these two markets, and the specific role of money among financial assets.

Date: 1977-01
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03399444v1
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Published in Annales de l'INSEE, 1977, 25, pp.3 - 62

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