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

Politiques monétaires : objectif prix

Abstract : Monetary policies have been tightened in most industrial countries in recent months. The Fed has risen its rate from 0.75% in June 2004 to 4.75% in April 2006, while the ECB rose its rate from 2.0% last November to 2.5% in March. Central bankers pay particular attention to inflationary pressures in a context of high and still rising energy prices. We expect no second round effects, which would keep inflation close to Central Banks’ targets and would lead to a slight rise in short-term interest rates, up to 5.25% in June in the US and to 3% in the euro area. The BoJ will raise its rates from 0% to 0.5% this year as deflation has ended. Long-term interest rates will rise in line with short-term interest rates. Monetary conditions will be tightened this year and remain broadly unchanged next year.
Document type :
Journal articles
Complete list of metadata

Contributor : Spire Sciences Po Institutional Repository Connect in order to contact the contributor
Submitted on : Wednesday, December 1, 2021 - 4:28:48 PM
Last modification on : Friday, March 25, 2022 - 3:43:30 AM


Publisher files allowed on an open archive




Catherine Mathieu, Christine Rifflart, Marion Cochard, Sabine Le Bayon. Politiques monétaires : objectif prix. Revue de l'OFCE, Presses de Sciences Po, 2006, pp.147 - 158. ⟨10.3917/reof.097.0147⟩. ⟨hal-03462149⟩



Record views


Files downloads