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Date	Type	Description
1 24/01/2025	Article	REF 156 Financial Innovation in Developing Countries Cryptocurrencies: Real Currencies? Patrice BOUVET Cryptocurrencies are developing rapidly. Based on an examination of the traditional functions of money, however, not all specialists accord them the same status. To get beyond… JEL classification : B29 E40 N00
2 24/01/2025	Article	REF 156 Financial Innovation in Developing Countries Financial Innovation in Latin America and the Caribbean: a Tale of Pragmatism and Progress JON FROST Jean-Charles ROCHET ALEXANDRE TOMBINI Marianne VERDIER [...]En matiere d'innovation financiere l'Amerique latine et les Caraibes se distinguent Les innovations numeriques ont contribue a reduire les couts et a ameliorer l'acces aux services[...] JEL classification : E58 G23 G28 H41 L10 O33 O38
3 24/01/2025	Article	REF 156 Financial Innovation in Developing Countries Heterogeneous Accountability Settings for Eurosystem Central Banks Adriano DO VALE Léo MALHERBE [...]Selon les principes de la gouvernance moderne des banques centrales l'accountability est le pendant necessaire de l'independance La litterature empirique sur la gouvernance des ban[...] JEL classification : B52 E52 E58 E61 N14
4 23/10/2024	Article	REF 155 Financing the Energy Transition The Partial Effectiveness of Monetary Policy: a Keynesian Criticism of the New Neoclassical Synthesis Model Nicolas PILUSO [...]Partant du constat que la politique monetaire peine a stimuler l'economie en recession par une baisse des taux d'interet nous proposons une application de cette critique au modele [...] JEL classification : E10 E30 H30
5 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
6 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
7 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
8 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
9 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
10 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
11 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
12 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
13 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
14 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
15 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
16 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
17 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
18 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
19 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
20 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