IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-03473797.html
   My bibliography  Save this paper

Le syndrome du poisson rouge

Author

Listed:
  • Céline Antonin

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Marion Cochard
  • Sabine Le Bayon

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Hervé Péléraux

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Mathieu Plane

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Xavier Timbeau

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

The world economy has continued to recover in 2010. However, GDP per head are still below their pre-crisis levels in all major industrial economies, while unemployment rates have stabilised at high levels. These deflationary patterns are hidden by the strong rise in raw material prices which has initiated a debate on the need for monetary tightening. Simultaneously, fiscal consolidation is being implemented in many industrial countries where fiscal deficits and debts increased during the crisis under the effects of fiscal support and automatic stabilisers. There is a risk that fiscal and monetary tightening implemented under market pressure undermine a still fragile recovery and hence deficit reduction. We expect world GDP will grow by close to 4% this year and next, after 4.8% in 2010, still driven by emerging economies.

Suggested Citation

  • Céline Antonin & Marion Cochard & Sabine Le Bayon & Hervé Péléraux & Mathieu Plane & Xavier Timbeau, 2011. "Le syndrome du poisson rouge," Post-Print hal-03473797, HAL.
  • Handle: RePEc:hal:journl:hal-03473797
    DOI: 10.3917/reof.117.0009
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03473797
    as

    Download full text from publisher

    File URL: https://sciencespo.hal.science/hal-03473797/document
    Download Restriction: no

    File URL: https://libkey.io/10.3917/reof.117.0009?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    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:hal:journl:hal-03473797. 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.