IDEAS home Printed from https://ideas.repec.org/a/cai/rferfe/rfe_232_0063.html
   My bibliography  Save this article

L’improbable policy mix de la zone euro

Author

Listed:
  • Pierre Jaillet

Abstract

The Treaty on Economic and Monetary Union defines an original policy mix model in which budgetary policies remain under the authority of the Member States, while the single monetary policy is delegated to the European Central Bank, a federal institution at the heart of the Eurosystem. This article analyses the limitations of this model in the light of the experience of the first two decades of EMU. It then reviews the various phases of the eurozone policy mix since 1999, marked by sometimes abrupt reversals from fiscal to monetary dominance. The final section examines proposals for strengthening economic governance in the eurozone and improving an inherently unstable policy mix.

Suggested Citation

  • Pierre Jaillet, 2023. "L’improbable policy mix de la zone euro," Revue française d'économie, Presses de Sciences-Po, vol. 0(2), pages 63-82.
    • Handle: RePEc:cai:rferfe:rfe_232_0063
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=RFE_232_0063
    Download Restriction: restricted
    File URL: http://www.cairn.info/revue-francaise-d-economie-2023-2-page-63.htm
    Download Restriction: restricted
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:rferfe:rfe_232_0063. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-francaise-d-economie.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.