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Mauvais temps pour le Pacte

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Author Info
Agnes Benassy-Quere
Marcos Poplawski Ribeiro

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Abstract

Partout dans le monde, le besoin de relance fait deraper les finances publiques et pose l’inevitable question de la soutenabilite de la dette. En zone euro, le recent lancement par la Commission europeenne de procedures pour deficits excessifs fait debat. Pourtant, la zone a cruellement besoin d’un dispositif credible de discipline budgetaire qui permettrait de rassurer les marches de dettes souveraines et de dissiper la reticence de la BCE a adopter une politique quantitative. La relance publique en serait facilitee, ce qui pourrait ouvrir la voie a un processus de sortie de crise. Reste a definir les contours d'une discipline plus stricte, mais aussi plus favorable aux politiques contra-cycliques.

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File URL: http://www.cepii.fr/francgraph/publications/lettre/resumes/2009/let286.htm
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Publisher Info
Article provided by CEPII research center in its journal La Lettre du CEPII.

Volume (Year): (2009)
Issue (Month): 286 (Avril)
Pages:
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Handle: RePEc:cii:cepill:2009-286

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Related research
Keywords: Zone euro; crise; pacte de stabilité et croissance;

Find related papers by JEL classification:
F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

Statistics
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This page was last updated on 2009-11-22.

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