la croissance au voisinage du potentiel

08:20 Oct 17, 2009
This question was closed without grading. Reason: Answer found elsewhere

French to English translations [PRO]
Bus/Financial - Economics / General economic theory
French term or phrase: la croissance au voisinage du potentiel
This is a document on general economic theory and the changes in economic policy that have been brought about by the current financial crisis. The full sentence and those preceding (for context) are:

Une des grandes caractéristiques du régime des prix issu de la globalisation est que les variations de l’inflation sont, non seulement d’ampleur réduite, mais retardées dans le cycle des affaires. Seules les hausses entretenues de matières premières, donc une modification des prix relatifs, peut entraîner un relèvement limité du taux d’inflation. Hormis cette circonstance, les banques centrales n’ont pas de raison de durcir la politique monétaire si leur objectif épouse la règle de Taylor : maîtriser l’inflation tout en
facilitant **la croissance au voisinage du potentiel.**

I have provisionally translated it as "controlling inflation at the same time as facilitating growth potential in the domestic market" but am really not sure if this is what is meant. Any suggestions welcome - thanks in advance!
Kerensa Cracknell
United Kingdom
Local time: 09:45


Summary of answers provided
4 +1[enabling] growth to approach its potential
B D Finch
3growth at rates close to/near/approximating (growth) potential
Sandra & Kenneth Grossman


Discussion entries: 4





  

Answers


29 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
growth at rates close to/near/approximating (growth) potential


Explanation:
Control inflation, while enabling growth rates that are close to maximum potential.

Sandra & Kenneth Grossman
Israel
Local time: 11:45
Works in field
Native speaker of: Native in EnglishEnglish, Native in RomanianRomanian
PRO pts in category: 11
Notes to answerer
Asker: Thanks - this is also helpful.

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33 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
[enabling] growth to approach its potential


Explanation:
"John Taylor plays an important role, as he conducted academic research on the appropriate level for (nominal) interest rates based on the difference between real GDP and potential GDP, often called the GDP gap. The true rate should, in theory, enable central banks to better realise their short term objectives whilst maintaining long term stable inflation"




    Reference: http://www.eabplc.com/english/downloads/weekly/weekly_commen...
B D Finch
France
Local time: 10:45
Native speaker of: English
PRO pts in category: 12
Notes to answerer
Asker: Thanks - this is helpful. I've used this plus feedback from another colleague.


Peer comments on this answer (and responses from the answerer)
agree  writeaway: proves once again that research should be the first thing to do-asking on Kudoz is good when research turns up nothing
31 mins
  -> Thanks writeaway. The Asker does say that she looked it up...??
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