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France: The political economy of discontent. The Gilets Jaunes movement

Author

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  • Julio Lopez Gallardo

Abstract

The author comments on the months of protest by the yellow jackets movement, to provide a diagnosis of the reasons of economic malaise in France. It is claimed that France only really started loosing ground relative to Germany since adhering to the Economic and Monetary Union (EMU). A reform of the EMU would be needed for the country to recover lost ground, but the current political conditions at the European level do make such a reform likely. The author concludes by predicting a continuation of the status quo, matched by growth of the radical right in France and other EMU countries.

Suggested Citation

  • Julio Lopez Gallardo, 2020. "France: The political economy of discontent. The Gilets Jaunes movement," PSL Quarterly Review, Economia civile, vol. 73(293), pages 119-135.
    • Handle: RePEc:psl:pslqrr:2020:22
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    File URL: https://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/16825/16130
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    References listed on IDEAS

    as
    1. Mickaël Clevenot & Yann Guy & Jacques Mazier, 2010. "Investment and the rate of profit in a financial context: the French case," International Review of Applied Economics, Taylor & Francis Journals, vol. 24(6), pages 693-714.
    2. Robert Eisner, 1983. "Which Way for France?," Challenge, Taylor & Francis Journals, vol. 26(3), pages 34-41, July.
    3. Amable, Bruno, 2017. "Structural Crisis and Institutional Change in Modern Capitalism: French Capitalism in Transition," OUP Catalogue, Oxford University Press, number 9780198787815.
    4. Luis Antonio Reyes Ortiz & Jacques Mazier, 2014. "Financialized growth regime: lessons from Stock Flow Consistent models [Régimen de crecimiento financiarizado : enseñanzas de los modelos stok-flujo consistentes]," Post-Print halshs-01895221, HAL.
    5. Reyes, Luis & Mazier, Jacques, 2014. "Financialized growth regime: lessons from Stock Flow Consistent models," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 16.
    6. Jacques Mazier & Sebastian Valdecantos, 2015. "A multi-speed Europe: is it viable? A stock-flow consistent approach," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 12(1), pages 93-112, April.
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    More about this item

    Keywords

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    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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