Working Paper: CEPR ID: DP509
Authors: Jacques Melitz
Abstract: The discussion of monetary policy in France, which is intended for a chapter in a general handbook on monetary policy that will cover a number of other countries as well, begins with the early postwar period and carries the story up to the present. A separate section analyses the new framework for monetary policy that was brought into place with the wave of reforms starting in 1984.
Keywords: monetary policy; monetary instruments; monetary controls; postwar monetary history in France
JEL Codes: E52; E58
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| Removal of capital controls in 1983 (F38) | More flexible monetary policy framework (E63) |
| Reforms initiated in 1984 (E65) | Enhanced monetary policy effectiveness (E52) |
| Removal of capital controls in 1983 (F38) | Introduction of new financial instruments (G19) |
| Reforms initiated in 1984 (E65) | Move towards a unified monetary system within the EMS (F36) |