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Passage à l'union économique et monétaire en Europe : effets sur la croissance et les politiques budgétaires

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  • Patrick Artus
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    Abstract

    [spa] Paso a la unión económica y monetaria en Europa : efectos sobre el crecimiento y las políticas presupuestarias, por Patrick Artus. La eficacia del SME y de la UEM se ha examinado ya ampliamente desde el punto de vista de la capacidad de las políticas económicas para estabilizar las economías y reaccionar ante los choques simétricos en cuanto a su propia credibilidad. En este artículo se apunta un aspecto menos desarrollado : ¿ cómo se deben organizar las políticas presupuestarias después de la Unión monetaria. ¿ Es preciso coordinarlas o someterlas a imperativos ? ¿ Organizar transferencias entre países ? ¿ Como entran en relación con la política monetaria común ? [fre] Passage à l'union économique et monétaire en Europe : effets sur la croissance et les politiques budgétaires, par Patrick Artus. L'efficacité du SME et de l'UEM a déjà été largement examinée du point de vue de la capacité des politiques économiques à stabiliser les économies, à réagir aux chocs asymétriques, à être crédibles. Un point moins développé est traité dans cet article : comment doit-on organiser les politiques budgétaires après l'union monétaire. Faut-il les coordonner, les contraindre ? Organiser des transferts entre pays ? Comment entrent-elles en relation avec la politique monétaire commune ? [ger] Der Übergang zur Wirtschafts-und Währungsunion in Europa: die Auswirkungen auf das Wachstum und die Haushaltspolitiken, von Patrick Artus Die positiven Auswirkungen des EWS und der WWU auf die Fähigkeit der Wirtschaftspolitiken, die Wirtschaft zu stabilisieren, auf asymmetrische Schocks zu reagieren und glaubwürdig zu erscheinen, sind bereits ausführlich erörtert worden. Gegenstand dieses Artikels ist ein Aspekt, der bisher noch wenig untersucht worden ist: Wie sollen die einzelnen Haushaltspolitiken nach der Schaffung der Währungsunion gestaltet werden? Sollen sie koordiniert, ihnen Zwänge auferlegt werden? Sollen zwischen den verschiedenen Ländern Transfers erfolgen? Welche Beziehung besteht zwischen ihnen und der gemeinsamen Währungspolitik? [eng] The Move to Economic and Monetary Union in Europe: Effects on Growth and Budget Policies, by Patrick Artus. The efficiency of the EMS and EMU has already been extensively examined from the point of view of the ability of economic policies to stabilize economies, react to asymmetrical shocks and sustain credibility. A less-developed point is dealt with in this article. How should budget policies be organized following monetary union? Should they be co-ordinated or constrained? Should transfers between countries be organized? How do they correspond to common monetary policy?

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    File URL: http://dx.doi.org/doi:10.3406/ecop.1992.5320
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    File URL: http://www.persee.fr/doc/ecop_0249-4744_1992_num_106_5_5320
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    Article provided by Programme National Persée in its journal Économie & prévision.

    Volume (Year): 106 (1992)
    Issue (Month): 5 ()
    Pages: 123-137

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    Handle: RePEc:prs:ecoprv:ecop_0249-4744_1992_num_106_5_5320
    Note: DOI:10.3406/ecop.1992.5320
    Contact details of provider: Web page: http://www.persee.fr/collection/ecop

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