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100 1 _aHERON, Edwin Le
_928412
245 1 0 _aAlan Greenspan, the confidence strategy
260 _aSão Paulo :
_bEditora 34,
_cout./dez. 2006
520 3 _aTo 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
590 _aOutubro Dezembro 2006
590 _av. 26 n. 4 (104)
773 0 8 _tRevista de Economia Política = Brazilian Journal of Political Economy
_g26, 4, p. 502-517
_dSão Paulo : Editora 34, out./dez. 2006
_xISSN 01013157
_w
856 4 2 _uhttp://www.scielo.br/pdf/rep/v26n4/02.pdf
_yAcesso
942 _cS
998 _a20061123
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_cCarolina
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_ckarina
999 _aConvertido do Formato PHL
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_c19966
_d19966
041 _aeng