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Quelle cible de déficit dans la zone euro ?. Les enseignements d'un modèle à deux pays

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  • Amélie Barbier
  • Patrick Villieu

Abstract

This paper proposes a static model of a monetary union of two countries subject to symmetric and asymmetric shocks as an attempt to establish the relevance of the propositions concerning the structural deficit target for the Euro zone. Our model shows that the choice of the deficit target depends heavily on both the Central Bank preferencies and the sign and scope of the fiscal policy spillovers between the Union members. Classification JEL : E 52, E 62, E 63, F 42

Suggested Citation

  • Amélie Barbier & Patrick Villieu, 2003. "Quelle cible de déficit dans la zone euro ?. Les enseignements d'un modèle à deux pays," Revue économique, Presses de Sciences-Po, vol. 54(3), pages 499-509.
    • Handle: RePEc:cai:recosp:reco_543_0499
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    Cited by:

    1. BARBIER-GAUCHARD Amélie, 2005. "Fiscal federalism, discipline and selection adverse in the EU : Lessons from a theoretical model," Economics Bulletin, AccessEcon, vol. 28(7), pages 1.
    2. Schalck, Christophe, 2006. "Règles Budgétaires et Gestion du Policy-Mix dans l'UEM Budgetary Rules and Management of the Policy-Mix in the UME," MPRA Paper 1434, University Library of Munich, Germany, revised Oct 2006.

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