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L’inflation comme phénomène réel et monétaire

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  • Cédric Durand
Abstract
This contribution stresses that the recent increases in price levels have a cyclical dimension and that distributional conflicts cannot immediately be sufficient to trigger a sustainable inflationary dynamic. On the other hand, the aftermath of financialisation and unconventional monetary policies provide fertile ground, as a period of moderate price increases offers the possibility of a relatively orderly devaluation of financial assets that are notoriously overvalued in relation to the real economy.

Suggested Citation

  • Cédric Durand, 2023. "L’inflation comme phénomène réel et monétaire," Regards croisés sur l'économie, La Découverte, vol. 0(1), pages 186-194.
  • Handle: RePEc:cai:rcedec:rce_032_0186
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