Toute opinion exprimée dans ce mémoire est propre à son auteurs et n'engage aucunement la responsabilité de l'université Paris 1.

Mémoire de M2 Macro-économie ETE Université Paris I - Année 2008/2009
Auteur : Daniel Pavlic

References
The Economist
* Irving Fisher - Out of Keynes's shadow    Buttonwood - Apr 2nd 2009 (The Economist)
* Minsky's moment    Buttonwood - Apr 2nd 2009 (The Economist)
* The new (improved) Gilded Age    Economics focus - Mar 19th 2008 (The Economist)
* A special report on the future of finance: Greed—and fear    Edward Carr - Jan 22nd 2009 (The Economist)
* Public debt - The biggest bill in history    Leaders - Jun 11th 2009 (The Economist)
* Government debt - The big sweat    Leaders - Jun 11th 2009 (The Economist)

VoxEU
* The credit crunch of 1294: Causes, consequences and the aftermath    Adrian R. Bell, Chris Brooks, Tony Moore - May 13th 2009 (VoxEU)
* Federal Reserve policy actions in August 2007: frequently asked questions    Stephen Cecchetti - August 15th 2007 (VoxEU)
* Eight hundred years of financial folly    Carmen M. Reinhart - April 19th 2008 (VoxEU)
* Deflation or disinflation?    Robert Ophèle - February 11th 2009 (VoxEU)
* Back to the ‘Thirties with a Twist    Barry Eichengreen - August 30th 2008 (VoxEU)
* Can monetary policy really be used to stabilise asset prices?    Katrin Assenmacher-Wesche, Stefan Gerlach - March 12th 2008 (VoxEU)
* Does a downward-sloping yield curve predict a recession?    Charles A.E. Goodhart - September 24th 2007 (VoxEU)
* The First Global Financial Crisis of the 21st Century     Edited by Andrew Felton and Carmen M. Reinhart - 2008 (VoxEU)

Financial Times
* Keep the money flowing to stave off deflation    Tim Congdon - July 8th 2009 (Financial Times)
* 'Helicopter Ben' confronts the challenge of a lifetime    Martin Wolf - December 16th 2008 (Financial Times)
* Confessions of a crass Keynesian    Willem Buiter - December 13th 2008 (Financial Times)
* Quantitative easing explained    Chris Giles, Cynthia O'Murchu, Steve Bernard and Jeremy Lemer - February 5th 2009 (Financial Times)
* Central banks need a helicopter    Eric Lonergan - December 4th 2008 (Financial Times)
* The case for negative interest rates now    Brendan Brown - November 20, 2008 (Financial Times)
* It is time for the monetary authorities to jump into the liquidity trap    Willem Buiter - December 2, 2008 (Financial Times)
* Fed study puts ideal interest rate at -5%    Krishna Guha - April 27, 2009 (Financial Times)
* Negative interest rates: when are they coming to a central bank near you?    Willem Buiter - May 7, 2009 (Financial Times)
* The Wonderful World of Negative Nominal Interest Rates, Again    Willem Buiter - May 19, 2009 (Financial Times)
* Negative interest rates, Sharia law and tech stocks    Willem Buiter - May 20, 2009 (Financial Times)

The New York Times
* It May Be Time for the Fed to Go Negative    N. Gregory Mankiw - April 18, 2009 (New York Times)
* Credit Crisis - The Essentials    July 17, 2009 (New York Times)

The American Enterprise Institute
* Why Not Negative Interest Rates?    Alex J. Pollock - May 21, 2009 (The Journal of the American Enterprise Institute)

The Federal Reserve System
* Stamp Scrip: Money People Paid to Use    Bruce Champ - January 4th 2008 (Federal Reserve Bank of Cleveland)
* The Yield Curve, June 2009    Joseph G. Haubrich, Kent Cherny - June 30th 2009 (Federal Reserve Bank of Cleveland)
* Effective Practices in Crisis Resolution and the Case of Sweden    O. Emre Ergungor, Kent Cherny - February 12th 2009(Federal Reserve Bank of Cleveland)
* Rising Relative Prices or Inflation: Why Knowing the Difference Matters    Owen F. Humpage - June 1st 2008 (Federal Reserve Bank of Cleveland)
* A Brief History of Central Banks    Michael D. Bordo - December 1st 2007 (Federal Reserve Bank of Cleveland)
* Price Stability: Issues and Challenges    Sandra Pianalto - June 1st 2007 (Federal Reserve Bank of Cleveland)
* Private Money in Our Past, Present, and Future    Bruce Champ - January 1st 2007 (Federal Reserve Bank of Cleveland)
* The Fed's Monetary Policy Response to the Current Crisis    Glenn D. Rudebusch - May 22nd 2009 (Federal Reserve Bank of San Francisco)
* Minutes of the Federal Open Market Committee     April 28th-29th 2009(Board of Governors of the Federal Reserve System)
* Deflation: Making Sure "It" Doesn't Happen Here    Ben Bernanke - November 21st 2002 (Federal Reserve Board)
* A question of liquidity: The great banking run of 2008?    Judit Montoriol-Garriga, Evan Sekeris - March 30th 2009(Federal Reserve Bank of Boston)
* A Monetary Approach to Asset Liquidity    Guillaume Rocheteau - January 2009 (Federal Reserve Bank of Cleveland)
* A Tale of Two Crises    James B. Bullard, Geetanjali Pande - November 5th 2008 (Federal Reserve Bank of St. Louis)
* Access to Credit    Luke Shimek and Rajdeep Sengupta - November 3rd (Federal Reserve Bank of St. Louis)
* An alternative measure of inflation    François R. Velde - February 8th 2006 (Federal Reserve Bank of Cleveland)
* Avoiding the Inflation Tax    Huberto M. Ennis - December 2007 (Federal Reserve Bank of Richmond)
* Bagehot on the Financial Crises of 1825...and 2008    Richard G. Anderson - January 23rd 2009 (Federal Reserve Bank of St. Louis)
* Bank Crises and Investor Confidence    Una Okonkwo Osili and Anna Paulson - November 28th 2008 (Federal Reserve Bank of Chicago)
* Bank Liquidity, Interbank Markets, and Monetary Policy    Xavier Freixas, Antoine Martin, David Skeie - May 2009 (Federal Reserve Bank of New York)
* Banking Crisis Solutions Old and New    Alistair Milne and Geoffrey Wood - October 2008 (Federal Reserve Bank of St. Louis)
* Beyond Zero: Transparency in the Bank of Japan's Monetary Policy    Ed Stevens - March 15th 2001 (Federal Reserve Bank of Cleveland)
* Chronicles of a Deflation Unforetold    François R. Velde - November 21st 2006 (Federal Reserve Bank of Chicago)
* Does the Yield Curve Signal Recession?    Joseph G. Haubrich - April 15th 2006 (Federal Reserve Bank of Cleveland)
* Electronic Money and the Future of Central Banks    Ed Stevens - March 1st 2002 (Federal Reserve Bank of Cleveland)
* Friedman and Taylor on Monetary Policy Rules: A Comparison    Edward Nelson - April 2008 (Federal Reserve Bank of St. Louis)
* Hard Core Inflation    Kristie M. Engemann and Michael T. Owyang - March 2005 (Federal Reserve Bank of St. Louis)
* How do banks make money? The fallacies of fee income    Robert DeYoung and Tara Rice - November 2004 (Federal Reserve Bank of Chicago)
* Interest Rates, Yield Curves, and the Monetary Regime    Joseph G. Haubrich - June 2004 (Federal Reserve Bank of Cleveland)
* Interest rates and inflation    John H. Wood - 1971 (Federal Reserve Bank of Chicago)
* Is It More Expensive, or Does It Just Cost More Money?    Michael F. Bryan - May 15th 2002 (Federal Reserve Bank of Cleveland)
* Lessons from the history of money    François R. Velde - March 1998 (Federal Reserve Bank of Chicago)
* Precautionary Reserves and the Interbank Market    Adam Ashcraft, James McAndrews, David Skeie - May 2009 (Federal Reserve Bank of New York)
* A Conference on Liquidity in Frictional Markets     Joseph G. Haubrich - May 2009 (Federal Reserve Bank of Cleveland)
* Measure for Measure: Headline versus Core Inflation    Daniel L. Thornton - July 2007 (Federal Reserve Bank of St. Louis)
* Milton Friedman and U.S. Monetary History: 1961-2006    Edward Nelson - June 2007 (Federal Reserve Bank of St. Louis)
* Monetary Policy's Third Interest Rate    Richard G. Anderson - October 2008 (Federal Reserve Bank of St. Louis)
* More Money: Understanding Recent Changes in the Monetary Base    William T. Gavin - April 2009 (Federal Reserve Bank of St. Louis)
* Negating the Inflation Potential of the Fed's Lending Programs    Daniel L. Thornton - July 1st 2009 (Federal Reserve Bank of St. Louis)
* Interest on Reserves and Monetary Policy    Marvin Goodfriend - May 2002 (Federal Reserve Bank of New York)
* Paying Interest on Deposits at Federal Reserve Banks    Richard G. Anderson - November 2009 (Federal Reserve Bank of St. Louis)
* Per Capita Income Growth and Disparity in the United States, 1929-2003     Paul Gomme, Peter Rupert - August 15th 2004(Federal Reserve Bank of Cleveland)
* Perils of Price Deflations: An Analysis of the Great Depression     Charles T. Carlstrom, Timothy S. Fuerst - February 15th 2001(Federal Reserve Bank of Cleveland)
* Real Interest Rate Persistence: Evidence and Implications    Christopher J. Neely and David E. Rapach - December 2008 (Federal Reserve Bank of St. Louis)
* Recession or Depression?    Kevin L. Kliesen - March 23rd 2009 (Federal Reserve Bank of St. Louis)
* Recession or Depression? Part II    Kevin L. Kliesen - April 14th 2009 (Federal Reserve Bank of St. Louis)
* Systemic Banking Crises     O. Emre Ergungor, James B. Thomson - February 2005 (Federal Reserve Bank of Cleveland)
* Systemic Risk and Liquidity in Payment Systems    Gara M. Afonso, Hyun Song Shin - March 2009 (Federal Reserve Bank of New York)
* The Effect of the Fed's Purchase of Long-Term Treasuries on the Yield Curve    Daniel L. Thornton - May 18th 2009 (Federal Reserve Bank of St. Louis)
* The Federal Funds and Long-Term Rates    Daniel L. Thornton - October 2007 (Federal Reserve Bank of )
* The Power of Price Stability    Sandra Pianalto - May 1st 2005 (Federal Reserve Bank of Cleveland)
* The Quantity Theory of Money    Yi Wen - 2006 (Federal Reserve Bank of )
* The Tale of Gresham's Law    Richard Dutu, Ed Nosal, and Guillaume Rocheteau - October 1st 2005 (Federal Reserve Bank of Cleveland)
* The optimal price of money    Pedro Teles - May 2003 (Federal Reserve Bank of Chicago)
* Thinking Like a Central Banker    William Poole - September 28th 2007 (Federal Reserve Bank of St. Louis)
* Understanding the Term Structure of Interest Rates    William Poole - June 14th 2005 (Federal Reserve Bank of St. Louis)
* What's a penny (or a nickel) really worth?    François R. Velde - February 2007 (Federal Reserve Bank of Chicago)
* Why Haven't Long-Term Interest Rates Fallen?    David E. Altig and Ed Nosal - January 1st 2002 (Federal Reserve Bank of Cleveland)
* Wicksell's Natural Rate    Richard G. Anderson - January 2005 (Federal Reserve Bank of St. Louis)
* Yield Curve Inversions and Cyclical Peaks    Richard G. Anderson - 2006 (Federal Reserve Bank of St. Louis)
* A Comparison of Measures of Core Inflation    Robert Rich, Charles Steindel - December 2007 (Federal Reserve Bank of )
* Revisions to PCE inflation measures    Dean Croushore - May 2008 (Federal Reserve Bank of Philadelphia)
* International Responses to the Crisis Timeline    William Ryan - October 2008 (Federal Reserve Bank of New York)
* Preventing Deflation: Lessons from Japan's Experience in the 1990s    Alan Ahearn et al. - June 2002 (Board of Governors of the Federal Reserve System )
* Milton Friedman, Teacher, 1912-2006    Charles T. Carlstrom, Timothy S. Fuerst - December 2006 (Federal Reserve Bank of Cleveland)
* The growth of paperless money    t. Stuart Desch, Kiran Krishnamurthy - June 2009 (Federal Reserve Bank of Richmond)
* The Yield Curve as a Leading Indicator: Some Practical Issues    Arturo Estrella, Mary R. Trubin - August 2006 (Federal Reserve Bank of New York)

Financial Services Authority
* The financial crisis and the future of financial regulation    Adair Turner - January 21 2009(Financial Services Authority)

Bank for International Settlements
* Another look at global disinflation    Toshitaka Sekine - May 2009 (Bank for International Settlements)
* Deflation in a historical perspective    Michael Bordo, Andrew Filardo - November 2005 (Bank for International Settlements)
* In search of monetary stability: the evolution of monetary policy    Otmar Issing - March 2009 (Bank for International Settlements)

Bank of England
* Deflation    Charlotta Groth, Peter Westaway - March 2009 (Bank of England)
* Household debt and spending    Matt Waldron, Garry Young - December 2007 (Bank of England)
* The economics and estimation of negative equity    Tomas Hellebrandt, Sandhya Kawar, Matt Waldron - June 2009 (Bank of England)
* On the sources of macroeconomic stability    Garry Young - June 2008 (Bank of England)

Centre for Economic Policy Research
* Keynes and the Crisis    Axel Leijonhufvud - May 2008 (Centre for Economic Policy Research)
* Lessons from the 2007 Financial Crisis    Willem Buiter - December 2007 (Centre for Economic Policy Research)
* Liquidity insurance for systemic crises    Enrico Perotti and Javier Suarez - Februaru 2009 (Centre for Economic Policy Research)
* Monetary and Financial Stability    Axel Leijonhufvud - October 2007 (Centre for Economic Policy Research)
* The Icelandic banking crisis and what to do about it    Willem H. Buiter, Anne SIbert - October 2008 (Centre for Economic Policy Research)
* Two systemic problems    Axel Leijonhufvud - January 2009 (Centre for Economic Policy Research)

European Central Bank
* Credit and the natural rate of interest     Fiorella De Fiore, Oreste Tristani - April 2008 (European Central Bank)
* Determinants of bank lending standards and the impact of the financial turmoil    Financial Stability Review - June 2009 (European Central Bank)
* Do monetary indicators lead euro area inflation?    Boris Hofmann - February 2008 (European Central Bank)
* Opting out of the great inflation    Andreas Beyer et al. - March 2009 (European Central Bank)
* The Topology of The federal funds market     Morten L. Bech, Enghin Atalay - December 2008 (European Central Bank)
* House prices, money, credit and the macroeconomy     Charles Goodhart, Boris Hofmann - April 2008 (European Central Bank)
* Investigating inflation persistence across monetary regimes    Luca Benati - January 2008 (European Central Ban)
* Liquidity hoarding and interbank market spreads    Financial Stability Review - June 2009 (European Central Bank)
* Liquidity risk premia in money market spreads (p.145)    Financial Stability Review - December 2008 (European Central Bank)
* The impact of short-term risk interest rates on bank credit risk-taking (p.169)    Financial Stability Review - December 2007 (European Central Bank)

International Monetary Fund
* Global liquidity, risk premiums and growth opportunities     Gianni De Nicolò, Iryna Ivaschenko - March 2009 (International Monetary Fund)
* The inflation-unemployment trade-off at low inflation    Pierpaolo Benigno, Luca Antonio Ricci - March 2009 (International Monetary Fund)
* The crisis: basic mechanisms, and appropriate policies    Olivier Blanchard - April 2009 (International Monetary Fund)
* The federal reserve system balance sheet: what happened and why it matters    Peter Stella - May 2009 (International Monetary Fund)