Les interactions entre la politique de la Réserve fédérale et l’innovation, une clé de lecture de la « nouvelle économie » aux États-Unis The Interactions between Federal Reserve Policy and Innovation: One Key to Understanding the “New Economy” in the United States
Philosophy. Psychology. Religion
DOAJ:Philosophy and Religion
Full recordShow full item record
AbstractThis article is an analysis of the interactions between monetary policy and innovation in the United States during the 1990s, known as the “new economy” era, and rests on the hypothesis that they resulted in an unprecedented macroeconomic configuration. Its object is to show how the Federal Reserve made its policy credible and transparent, and thereby contributed to creating a climate that was favourable to innovation. Innovation is then analysed in the light of its implications for monetary policy by considering the stance adopted, as well as the Federal Reserve’s perception of stock market speculation.
Showing items related by title, author, creator and subject.
Russia : Reshaping Economic GeographyWorld Bank (Washington, DC, 2011-06)The report has three main chapters
discussing modernization, diversification and
competitiveness. The chapters examine problems and barriers
facing households, private firms and public agencies to
achieving these objectives, and then identify the
instruments that can help Russia achieve the necessary
spatial transformation of its economy. Russia's long
history as one of Europe's leading nations, and its
more recent past as a superpower, give it grounds for
greater aspirations. To realize them will require
significant improvements across all aspects of the economy.
Russia's economy faces many challenges, some of which
are a persistent legacy from its tumultuous history in the
twentieth century of civil war, two world wars and a long
period of communism. But as the largest country in the
world, it is not surprising that many of Russia's
problems relate to its economic geography, which is the
focus of this report.
A Globalized Market--Opportunities and Risks for the Poor : Global Poverty Report 2001European Bank for Reconstruction and Development; African Development Bank; World Bank; Asian Development Bank; International Monetary Fund; Inter-American Development Bank (World Bank, Washington, DC, 2014-09-17)The Global Poverty Report considers the effects of globalizing markets on poverty in developing countries. It outlines the channels through which increased trade openness can affect poverty and examines the evidence from four regions: Sub-Saharan Africa, Asia and the Pacific, Eastern Europe and Central Asia, and Latin America and the Caribbean. Written at the request of the G8, the report is the result of a joint effort of the regional development banks, the World Bank, and the International Monetary Fund. Increased openness can affect an economy in various ways, creating opportunities for the poor as well as risks. First, it can affect the prices of goods and services that the poor consume and produce, benefiting those who are net consumers of goods that become cheaper and those who can obtain higher prices for their products on international markets. Second, it can affect the demand for and returns to factors of production that the poor have to offer, such as labor. Third, it can affect government revenue and the resources available for antipoverty programs. Fourth, it can influence the potential for economic growth, which in turn affects poverty. Fifth, the short-term costs of transition, as well as the possible increased volatility of growth stemming from the opening up of markets, may increase the need for social protection mechanisms. Comprehensive trade reform can help reduce poverty when it is part of a set of reforms that improve the domestic macroeconomic and investment climate, enhance infrastructure and technology, and contribute to the provision of knowledge and skills. However, these effects vary significantly across countries, regions, and groups within countries, which makes it difficult to generalize about the effects of trade liberalization on poverty.
Krueger/Schiff/Valdes Revisited : Agricultural Price and Trade Policy Reform in Developing Countries since 1960Anderson, Kym (World Bank, Washington, DC, 2010-01)A study of distortions to agricultural incentives in 18 developing countries during 1960-84, by Krueger, Schiff and Valdes (1988; 1991), found that policies in most of those developing countries were directly or indirectly harming their farmers. Since the mid-1980s there has been a substantial amount of policy reform and opening up of many developing countries, and indicators of that progress have been made available recently by a new study that has compiled estimates for a much larger sample of developing countries and for as many years as possible since 1955. The new study also covers Europe s transition economies and comparable estimates for high-income countries, thereby covering more than 90 percent of world agricultural output and employment. This paper summarizes the methodology used in the new study (pointing out similarities and differences with those used by the OECD and by Krueger, Schiff and Valdes), compares a synopsis of the indicators from Krueger, Schiff and Valdes and the new study for the period to 1984, summarizes the changing extent of price distortions across countries and commodities globally since then, and concludes by evaluating the degree of distortion reduction over the years since 1984 compared with how much still remains, according to the results of a global economy wide model.