Alan Greenspan, the confidence strategy



Título del documento: Alan Greenspan, the confidence strategy
Revista: Revista de economia politica
Base de datos: CLASE
Número de sistema: 000280374
ISSN: 0101-3157
Autores: 1
Instituciones: 1Institut d'Etudes Politiques, Bordeaux, Gironde. Francia
Año:
Periodo: Oct-Dic
Volumen: 26
Número: 4
Paginación: 502-517
País: Brasil
Idioma: Inglés
Tipo de documento: Artículo
Enfoque: Analítico, descriptivo
Resumen en inglés 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
Disciplinas: Economía
Palabras clave: Economía monetaria,
Estados Unidos de América,
Política monetaria,
Greenspan, Alan,
Pensamiento económico,
Credibilidad
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