Alan Greenspan, The Confidence Strategy - HAL Accéder directement au contenu
Article dans une revue Revista de economia politica/Brazilian journal of political economy Année : 2006

Alan Greenspan, The Confidence Strategy

Résumé

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.
Fichier principal
Vignette du fichier
02-1.pdf ( 61.29 Ko ) Télécharger
Origine : Fichiers éditeurs autorisés sur une archive ouverte
Loading...

Dates et versions

halshs-00159844, version 1 (27-05-2019)

Identifiants

Citer

Edwin Le Héron. Alan Greenspan, The Confidence Strategy. Revista de economia politica/Brazilian journal of political economy, 2006, 26 (4), pp.502-518. ⟨10.1590/S0101-31572006000400002⟩. ⟨halshs-00159844⟩
67 Consultations
61 Téléchargements
Dernière date de mise à jour le 05/05/2024
comment ces indicateurs sont-ils produits

Altmetric

Partager

Gmail Facebook Twitter LinkedIn Plus