Alan Greenspan, The Confidence Strategy
| hal.structure.identifier | CERVL - Pouvoir, Action publique, Territoire | |
| dc.contributor.author | LE HÉRON, Edwin | |
| dc.date.issued | 2006-11 | |
| dc.identifier.issn | 0101-3157 | |
| dc.description.abstractEn | To 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.iso | en | |
| dc.publisher | Centro de Economia Política | |
| dc.subject.en | fedspeak | |
| dc.subject.en | uncertainty | |
| dc.subject.en | Taylor rule | |
| dc.subject.en | Monetary policy | |
| dc.subject.en | credibility | |
| dc.subject.en | confidence | |
| dc.title.en | Alan Greenspan, The Confidence Strategy | |
| dc.type | Article de revue | |
| dc.identifier.doi | 10.1590/S0101-31572006000400002 | |
| dc.subject.hal | Sciences de l'Homme et Société/Science politique | |
| dc.subject.hal | Sciences de l'Homme et Société/Economies et finances | |
| bordeaux.journal | Revista de economia politica/Brazilian journal of political economy | |
| bordeaux.page | 502-518 | |
| bordeaux.volume | 26 | |
| bordeaux.issue | 4 | |
| bordeaux.peerReviewed | oui | |
| hal.identifier | halshs-00159844 | |
| hal.version | 1 | |
| hal.origin.link | https://hal.archives-ouvertes.fr//halshs-00159844v1 | |
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