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Date	Type	Description
1 26/04/2024	Article	REF 153 Inflations The Origin and Persistence of Inflation: Insights from History Maxime MENUET This article reviews some of the main economic ideas on inflation and relates them to historical events. We show that the period from the 15th to the 20th century was not a long… JEL classification : E31 E62 N10
2 26/04/2024	Article	REF 153 Inflations Inflation: Reemerging in France Mathieu PLANE Gaston VERMERSCH After reaching 5.2% in 2022, then 4.9% in 2023, inflation in France should fall back below 3% in 2024, then converge towards 2% thereafter. The inflationary episode was relatively… JEL classification : E24 E31 E61
3 26/04/2024	Article	REF 153 Inflations Is the Phillips Curve Relevant to Understanding the Connection between Inflation and Unemployment? Christophe BLOT Although the Phillips curve plays an important role in macroeconomic models, empirical studies have often shown that the link between inflation and unemployment is actually weak… JEL classification : E31 E32 E37
4 26/04/2024	Article	REF 153 Inflations Inflation Targeting in an Uncertain Environment Pierre JAILLET Jean-Paul POLLIN The recent price shock has sparked a debate on the inflation target, which has been the main pillar of central bank strategies since the 1990s. This article looks first at the… JEL classification : E31 E52 E58
5 26/04/2024	Article	REF 153 Inflations Hyperinflation: on the Centennial of the German Experience of the 1920s, a Look Back Marc-Alexandre SÉNÉGAS Patrick VILLIEU To mark the centenary of the German hyperinflation of 1920-1923, this article reviews the way in which macroeconomic analysis has been able to understand the phenomenon of… JEL classification : E40 E50 E60 N14 N24
6 26/04/2024	Article	REF 153 Inflations Energy Price Brakes and Tax Relief: Germany's Anti-Inflation Policies After the 2022 Terms-of-Trade Shocks Sebastian DULLIEN Silke TOBER Silke TOBER The price shocks of 2022-2023 gave rise to soaring inflation and economic stagnation in Germany. In response, the German government adopted various policy measures with the… JEL classification : E31 E58 E63
7 26/04/2024	Article	REF 153 Inflations Money Growth and the Post-Pandemic Surge in Inflation Claudio BORIO Boris HOFMANN Egon ZAKRAJŠEK The strength of the link between money growth and inflation depends on the inflation regime: it is one-to-one when inflation is high and virtually non-existent when it is low. A… JEL classification : E31 E51 E58
8 26/04/2024	Article	REF 153 Inflations Inflation and Corporate Market Power: Lessons from Recent Crises Benoît CŒURÉ Economists and central bankers have discussed the responsibility of businesses in the inflation surge of 2022-2023. By raising their sales prices, companies may have contributed… JEL classification : E31 E64 L10
9 26/04/2024	Article	REF 153 Inflations Disinflation in Italy: 1980-1997 Ignazio VISCO After the high inflation associated with the two oil shocks of the 1970s, a gradual process of disinflation took place in Italy over the following fifteen years. This paper… JEL classification : E31 E58 G01
10 26/04/2024	Article	REF 153 Inflations Root Causes of the Inflation Surge in the US Hélène BAUDCHON The chronology of the 2021-2022 inflationary shock is quite clear. What is less so, behind the multitude and confluence of sources, is the role played by supply and demand… JEL classification : E31 E60 E64
11 26/04/2024	Article	REF 153 Inflations The Heterogeneous Effects of Inflation in France and in the Eurozone Erwan GAUTIER Jérémi MONTORNÈS This article examines the heterogeneous impact of inflation on different categories of households in France and the euro area between mid-2021 and the end of 2023. Differences in… JEL classification : C43 D30 E31
12 26/04/2024	Article	REF 153 Inflations Inflation and Fiscal Policy: in Search of a New Paradigm Xavier RAGOT Numerous fiscal tools have contributed to stabilizing inflation during recurring economic crises over the past fifteen years: price caps, economic stimulus, paid furloughs, tax… JEL classification : E31 E58 E63
13 26/04/2024	Article	REF 153 Inflations The Cost-of-Living Crisis in the Euro Area: Lessons Learned Helene SCHUBERTH Five narratives haven't framed the perception and assessment of Europe's cost of living crisis: monetary policy has mainly been deemed as the best means to get inflation back on… JEL classification : E24 E31 E64
14 26/04/2024	Article	REF 153 Inflations The Inflationary Shock in Emerging and Developing Countries Pierre JACQUET The global inflationary shock affected developing countries in different ways. Its effects were compounded by monetary policy responses in developed countries. Above all, it… JEL classification : E31 O10 O20 O40
15 26/04/2024	Article	REF 153 Inflations Inflation, Structural Change, and Distribution Conflict: Lessons for Economic Policy Jean-Luc GAFFARD Mauro NAPOLETANO Francesco SARACENO The standard theory of inflation is that it is a global phenomenon that can only last and intensify because of a wage price spiral that expresses a fundamental conflict between… JEL classification : E25 E31 E52 E64
16 01/02/2024	Article	REF 152 Financing Dependency How Can Economic Policy Uncertainty Affect the French Stock Market in a Data-Rich Environment? Donia ALOUI Abderrazek BEN MAATOUG We use the European economic policy uncertainty index proposed by Baker et al. (2016) to examine the effect of the dissemination of information related to economic policy in the… JEL classification : C01 C32 C38 E60 G12
17 02/11/2023	Article	REF 151 Financing Global Public Goods Putting Global Public Goods Back in the Context of a Polycrisis Charlotte GARDES-LANDOLFINI [...]Tandis que le monde est confronte a une polycrise sans precedent la fourniture et la durabilite des biens publics mondiaux s'en retrouve profondement affectee En premier lieu le cl[...] JEL classification : A10 A13 E61 F63
18 02/11/2023	Article	REF 151 Financing Global Public Goods Global Financial and Monetary Stability: a Public Good in Search of a Governance Framework Vera SONGWE Drawing from the literature on global public goods, we examine the adequacy of the US financial and monetary system as a global public good in relation to emerging markets and… JEL classification : D53 D62 E40 E58 F02
19 11/07/2023	Article	REF 150 Financing SMEs: Current Situation and Prospects Bitcoin's Repressed Institutional Dimension Augustin SERSIRON Bitcoin is based above all on the logic of contract and free individual participation, but it also encompasses a collective dimension that the institutionalist approach to money… JEL classification : B52 E05 E42 G28
20 11/07/2023	Article	REF 150 Financing SMEs: Current Situation and Prospects Relationship Banking: an Asset for Financing Small and Medium-Sized French Companies in Periods of Crisis Jérôme COFFINET Théo NICOLAS Business loans are an essential source of financing for small and medium-sized companies and very small businesses in France, and constitute the bulk of their resources. During… JEL classification : E03 E50 G21 G32