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Union monétaire et fédéralisme

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  • Pierre-Alain Muet

Abstract

[fre] La perspective de l'Union monétaire a suscité un renouveau d'intérêt pour un thème ancien de la littérature économique et politique : le fédéralisme. Quels enseignements peut-on tirer des expériences fédérales pour la construction européenne ? La première partie de l'article examine les mécanismes de redistribution et de stabilisation économique dans les principaux Etats fédéraux. La seconde analyse les apports de la théorie économique du fédéralisme à la réflexion sur la nature de la construction européenne, notamment dans la perspective de l'Union monétaire. On examine successivement: l'organisation des pouvoirs dans l'Union, l'articulation de la politique monétaire et des politiques budgétaires et l'allocation des choix publics entre les différents niveaux institutionnels. La conclusion plaide pour un renforcement des mécanismes de solidarité notamment budgétaires qui devrait accompagner une plus grande démocratisation des structures communautaires. [eng] Monetary Union and Federalism. Pierre-Alain Muet. The prospect of monetary union has renewed an interest in an old theme of. the economic and political literature : federalism. What lessons can be drawn. from existing federations for the building of Europe ? The first part of the paper. surveys the main features of existing federations and the impact of federal. budgets in stabilizing regional business cycles. The second part analyses the. contribution of the economic theory of federalism as it reflects on European integration and the prospect of monetary Union. It examines the following points :. the organisation of powers in EU ; the problem of coordinating fiscal and monetary policies ; and the allocation of public choices between different levels of. government. The conclusion advocates for a strengthening of solidarity mechanisms within the Union, in particular on the budgetary side, which should parallel. a higher democratization of Community institutions.

Suggested Citation

  • Pierre-Alain Muet, 1995. "Union monétaire et fédéralisme," Revue de l'OFCE, Programme National Persée, vol. 55(1), pages 151-170.
    • Handle: RePEc:prs:rvofce:ofce_0751-6614_1995_num_55_1_1408
    DOI: 10.3406/ofce.1995.1408
    Note: DOI:10.3406/ofce.1995.1408
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    7. Eichengreen, Barry, 1990. "One Money for Europe? Lessons from the US Currency Union," Department of Economics, Working Paper Series qt6ks1k831, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
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    1. Pierre-Alain Muet, 1996. "Scénarios européens : rétrospective et prospective," Revue de l'OFCE, Programme National Persée, vol. 58(1), pages 43-65.
    2. Michel Beine & Frédéric Docquier, 1997. "Fédéralisme fiscal dans un modèle de zone monétaire optimale," Revue Économique, Programme National Persée, vol. 48(3), pages 519-527.
    3. Jacky Fayolle & Paul-Emmanuel Micolet, 1997. "Réalité et déboires de l'espace conjoncturel européen : une régulation sans croissance ?," Revue de l'OFCE, Programme National Persée, vol. 62(1), pages 5-28.
    4. Michel Beine & FréDéric Docquier, 1998. "A Stochastic Simulation Model of an Optimum Currency Area," Open Economies Review, Springer, vol. 9(3), pages 229-257, July.
    5. Frédérique Bec & Jean-Olivier Hairault, 1997. "Fédéralisme budgétaire et stabilisation macroéconomique en Europe," Revue Économique, Programme National Persée, vol. 48(3), pages 505-517.
    6. Sandrine Cazes & Bruno Coquet & Jacky Fayolle & Jacques Le Cacheux & Frédéric Lerais, 1996. "Elargir l'Union européenne aux pays d'Europe centrale et orientale," Revue de l'OFCE, Programme National Persée, vol. 57(1), pages 135-180.

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