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La fin du Consensus ? La crise économique et la crise de la macroéconomie

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  • Francesco Saraceno

    (Observatoire français des conjonctures économiques (OFCE))

Abstract

Le Nouveau Consensus qui a dominé la macroéconomie à partir des années quatre-vingt reposait sur une structure fondamentalement néoclassique : des marchés efficients qui convergent seuls à l'équilibre naturel et un rôle très limité pour la politique macroéconomique (surtout monétaire) pour lisser les fluctuations. La crise a ébranlé ce Consensus en marquant le retour en force de l'activisme budgétaire et monétaire, au moins dans le débat académique. La profession s'interroge donc sur les piliers du Consensus, allant de la taille du multiplicateur à la mise en place des réformes, en passant par les liens entre cycle et tendance. Il est encore trop tôt pour savoir à quoi ressemblera la macroéconomie de demain. Mais il faut espérer qu'elle sera plus éclectique et ouverte.

Suggested Citation

  • Francesco Saraceno, 2017. "La fin du Consensus ? La crise économique et la crise de la macroéconomie," Sciences Po publications info:hdl:2441/3s9f5ccu398, Sciences Po.
    • Handle: RePEc:spo:wpmain:info:hdl:2441/3s9f5ccu398jjrj7tlll6ev5al
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    Keywords

    Crise économique; Politique budgétaire; Nouveau Consensus; Réformes;
    All these keywords.

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