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hal.structure.identifierCERVL - Pouvoir, Action publique, Territoire
dc.contributor.authorLE HÉRON, Edwin
dc.date.issued2006-11
dc.identifier.issn0101-3157
dc.description.abstractEnTo evaluate the Greenspan era, we nevertheless need to address three questions: Is his success due to talent or just luck? Does he have a system of monetary policy or is he himself the system? What will be his legacy? Greenspan was certainly lucky, but he was also clairvoyant. Above all, he has developed a profoundly original monetary policy. His confidence strategy is clearly opposed to the credibility strategy developed in central banks and the academic milieu after 1980, but also inflation targeting, which today constitutes the mainstream monetary policy regime. The question of his legacy seems more nuanced. However, Greenspan will remain 'for a considerable period of time' a highly heterodox and original central banker. His political vision, his perception of an uncertain world, his pragmatism and his openness form the structure of a powerful alternative system, the confidence strategy, which will leave its mark on the history of monetary policy.
dc.language.isoen
dc.publisherCentro de Economia Política
dc.subject.enfedspeak
dc.subject.enuncertainty
dc.subject.enTaylor rule
dc.subject.enMonetary policy
dc.subject.encredibility
dc.subject.enconfidence
dc.title.enAlan Greenspan, The Confidence Strategy
dc.typeArticle de revue
dc.identifier.doi10.1590/S0101-31572006000400002
dc.subject.halSciences de l'Homme et Société/Science politique
dc.subject.halSciences de l'Homme et Société/Economies et finances
bordeaux.journalRevista de economia politica/Brazilian journal of political economy
bordeaux.page502-518
bordeaux.volume26
bordeaux.issue4
bordeaux.peerReviewedoui
hal.identifierhalshs-00159844
hal.version1
hal.origin.linkhttps://hal.archives-ouvertes.fr//halshs-00159844v1
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