Work

"Nouvelle économie" et politique monétaire

Year: 2002

Type: article

Abstract: "New economy" and monetary policy The emergence and diffusion of information and communication technologies (ICT) raise potential growth along uncertain proportions and for an indeterminate period. This speeding up of growth and the partly transitory slowdown of inflation that cornes with it are featured here as the "New Economy" (NE). Monetary policy can take advantage of the ne to lowerits inflation objective, ifprice expectations are enough forward-looking for possible nominal rigidities to be negligible. Furthermore, the Central Bank should be cautious in diagnosing a change in potential growth.

Source: Revue économique

DOI: 10.3406/reco.2002.410436

Authors: Christian Pfister, Gilbert Cette

Language: French

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2057136167

FWCI:

Cites: 23

Cited by: 2

Related to: 10