HAL will be down for maintenance from Friday, June 10 at 4pm through Monday, June 13 at 9am. More information
Skip to Main content Skip to Navigation
Journal articles

Politique monétaire : des interventions centrales plus en finesse

Abstract : The 2007-2008 crisis has first led central banks to cut drastically their interest rates, bringing them close to 0% in the US and Japan, 0.5% in the UK and 1% in the euro area since Spring 2009. In a second step central banks have implemented unconventional policy measures in order to provide sufficient liquidity in the banking system. We expect a moderate economic recovery in 2010, while inflation would remain subdued. This would lead central banks to keep their interest rates unchanged in the US, Japan and the euro area until the end of 2010, albeit progressively unwinding quantitative easing. In the UK, the base interest rate could rise by 0.25% in the fourth quarter of 2010, signalling the return to a normal functioning of the banking system and improved economic conditions.
Document type :
Journal articles
Complete list of metadata

https://hal-sciencespo.archives-ouvertes.fr/hal-03460034
Contributor : Spire Sciences Po Institutional Repository Connect in order to contact the contributor
Submitted on : Wednesday, December 1, 2021 - 4:39:09 AM
Last modification on : Friday, March 25, 2022 - 3:44:26 AM

File

2009-11-le-bayon-politique-mon...
Publisher files allowed on an open archive

Identifiers

Collections

Citation

Sabine Le Bayon, Catherine Mathieu, Christine Rifflart, Danielle Schweisguth. Politique monétaire : des interventions centrales plus en finesse. Revue de l'OFCE, Presses de Sciences Po, 2009, pp.277 - 302. ⟨10.3917/reof.111.0275⟩. ⟨hal-03460034⟩

Share

Metrics

Record views

1

Files downloads

2