La maquette Tfe : analyse du mode de fonctionnement du système monétaire et financier français

摘要

The Tfe model : analysis of the way in wich the french monetary and financial system functions, by Béatrice Laury. By highlighting the underlying dynamics beneath the equilibrium observed ex post between the different financial flows, the Tfe model is above all a complement to the accounting approach of the Tables of Source and Use of funds for the economy (Tfe) in the making of economic projections and in the analysis of the monetary and financial aspects of economic policy. In also showing the articulation between financial intermediation circuits and capital markets in the financing of the economy, it becomes a privileged instrument for analysing the profound changes in the French financial system today, which are reflected, for example, in the increased role of the capital markets in covering agents' borrowing needs. Without being a true model of the monetary and financial system — it is a short- term, static and parametered instrument— the Tfe model was designed above all as a means of reflection on how the financial sphere of the economy functions and how it interacts with real variables. JEL. 310