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Quelle union budgétaire pour la zone euro ?

Author

Listed:
  • Agnès Bénassy-Quéré

    (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris sciences et lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Xavier Ragot

    (PSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris sciences et lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris sciences et lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

  • Guntram Wolff

    (Bruegel - affiliation inconnue)

Abstract

Le choix de faire l'euro sans union budgétaire a été remis en cause par la crise. Des trois fonctions traditionnelles de la politique budgétaire – financement de biens publics, redistribution et stabilisation macroéconomique – seule la dernière se justifie véritablement au niveau de la zone euro plutôt que de l'Union européenne. Une politique insoutenable dans un État membre déstabilise l'ensemble de la zone, tandis que chaque politique nationale a aussi des effets de demande qui dépassent les frontières. Le « chacun pour soi » affaiblit la zone euro, mais la coordination des dix-neuf budgets nationaux s'avère extrêmement difficile.

Suggested Citation

  • Agnès Bénassy-Quéré & Xavier Ragot & Guntram Wolff, 2016. "Quelle union budgétaire pour la zone euro ?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01380085, HAL.
    • Handle: RePEc:hal:cesptp:halshs-01380085
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    Cited by:

    1. Léo Aparisi de Lannoy & Xavier Ragot, 2017. "Une (ré) assurance chômage européenne," SciencePo Working papers Main hal-03455381, HAL.
    2. Léo Aparisi de Lannoy & Xavier Ragot, 2017. "Une (ré) assurance chômage européenne," Sciences Po publications info:hdl:2441/69i5rbio799, Sciences Po.
    3. repec:hal:spmain:info:hdl:2441/5i0jcpu6sk96cpn76n8q0ie20c is not listed on IDEAS
    4. repec:hal:spmain:info:hdl:2441/69i5rbio799im94rhg5il9bvik is not listed on IDEAS

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    Keywords

    Budget; Euro;

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