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Europe, États-Unis, Japon : quelles politiques budgétaires de sortie de crise ?

Author

Listed:
  • Sabine Le Bayon
  • Catherine Mathieu
  • Paola Monperrus-Veroni
  • Mathieu Plane
  • Christine Rifflart
  • Danielle Schweisguth

Abstract

The 2007-2009 crisis has led public finances in industrial countries to deteriorate strongly due to a fall in tax receipts, the implementation of fiscal recovery plans and rescue packages for the financial sector. The article provides an analysis of public finances latest developments with prospects up to 2013 for France, Germany, Spain, the UK, the US, and Japan. The deterioration will be particularly substantial in Spain and the UK, while it will be more modest in France and Germany. Public deficits and debts will remain higher in 2013 than before the crisis despite fiscal contraction being implemented as soon as 2010 in Spain and the UK, and 2011 in the other countries under review. However, it will be crucial for the economic recovery that fiscal policies are not tightened too early. JEL classification code: E62.

Suggested Citation

  • Sabine Le Bayon & Catherine Mathieu & Paola Monperrus-Veroni & Mathieu Plane & Christine Rifflart & Danielle Schweisguth, 2010. "Europe, États-Unis, Japon : quelles politiques budgétaires de sortie de crise ?," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 35-61.
    • Handle: RePEc:cai:reofsp:reof_112_0035
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    Cited by:

    1. Philippe Bance, 2012. "Budgetary Policies in the Crisis: Crash, Rescue, Boomerang: A Trap for Public Intervention?," Post-Print hal-01965379, HAL.
    2. Éric Heyer & Mathieu Plane & Xavier Timbeau, 2010. "Quelle dette publique à l'horizon 2030 en France ?," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 5-33.
    3. Philippe Bance, 2012. "Les politiques budgétaires dans la crise : krach, sauvetage, boomerang… trappe à intervention publique ?," Post-Print hal-01965422, HAL.
    4. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h61qna0rp is not listed on IDEAS

    More about this item

    Keywords

    fiscal policies; exit strategies;

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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