Politique monétaire optimale et effet de variété en économie ouverte

Stéphane Auray; Aurélien Eyquem; Jean Christophe Poutineau

doi:10.3406/ecop.2010.8033

Politique monétaire optimale et effet de variété en économie ouverte

Stéphane Auray
, Aurélien Eyquem
, Jean Christophe Poutineau

Université du Littoral Côte d'Opale
UniversitédeLyon
ENS Paris-Saclay

Résultats de recherche: Contribution à un journal › Article › Revue par des pairs

Résumé

(2007) the optimal monetary policy consists in stabilizing consumer prices, as the stabilization of producer prices generates an inadequate adjustment of the real exchange rate. Furthermore, when the intensive margin of trade is factored in, the choice of a fixed exchange-rate regime creates excess macroeconomic volatility that entails a welfare cost when trade flows are significant and when hours worked exhibit high real-wage elasticity.

Titre traduit de la contribution	Optimal monetary policy and love-of-variety effect in an open economy
langue originale	Français
Pages (de - à)	43-58
Nombre de pages	16
journal	Economie et Prevision
Volume	193
Numéro de publication	2
Les DOIs	https://doi.org/10.3406/ecop.2010.8033
état	Publié - 13 déc. 2010
Modification externe	Oui

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10.3406/ecop.2010.8033

Contient cette citation

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title = "Politique mon{\'e}taire optimale et effet de vari{\'e}t{\'e} en {\'e}conomie ouverte",

abstract = "(2007) the optimal monetary policy consists in stabilizing consumer prices, as the stabilization of producer prices generates an inadequate adjustment of the real exchange rate. Furthermore, when the intensive margin of trade is factored in, the choice of a fixed exchange-rate regime creates excess macroeconomic volatility that entails a welfare cost when trade flows are significant and when hours worked exhibit high real-wage elasticity.",

author = "St{\'e}phane Auray and Aur{\'e}lien Eyquem and Poutineau, \{Jean Christophe\}",

year = "2010",

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AU - Auray, Stéphane

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AU - Poutineau, Jean Christophe

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Y1 - 2010/12/13

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AB - (2007) the optimal monetary policy consists in stabilizing consumer prices, as the stabilization of producer prices generates an inadequate adjustment of the real exchange rate. Furthermore, when the intensive margin of trade is factored in, the choice of a fixed exchange-rate regime creates excess macroeconomic volatility that entails a welfare cost when trade flows are significant and when hours worked exhibit high real-wage elasticity.

U2 - 10.3406/ecop.2010.8033

DO - 10.3406/ecop.2010.8033

M3 - Article

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JO - Economie et Prevision

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ER -

Politique monétaire optimale et effet de variété en économie ouverte

Résumé

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