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Déficits extérieur et budgétaire : jumeaux, petits cousins ou parfaits étrangers?

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  • Normandin, Michel

    () (HEC Montréal, CIRPÉE)

Abstract

Résumé : L’hypothèse de déficits jumeaux stipule qu’il existe une relation positive entre les déficits extérieur et budgétaire engendrée suite aux changements de dépenses publiques ou de taxes. La validité de cette hypothèse implique que les problèmes liés aux solvabilités du pays et du gouvernement peuvent être conjointement résolus à partir d’un seul instrument fiscal, soit les dépenses publiques, ou encore, les taxes. Cet article décrit les principaux résultats empiriques relativement à la validité de l’hypothèse de déficits jumeaux et présente les prédictions de différents modèles économiques quant à la relation entre les déficits extérieur et budgétaire.

Suggested Citation

  • Normandin, Michel, 2011. "Déficits extérieur et budgétaire : jumeaux, petits cousins ou parfaits étrangers?," L'Actualité Economique, Société Canadienne de Science Economique, vol. 87(4), pages 407-443, décembre.
  • Handle: RePEc:ris:actuec:0059
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    References listed on IDEAS

    as
    1. Normandin, Michel, 1999. "Budget deficit persistence and the twin deficits hypothesis," Journal of International Economics, Elsevier, vol. 49(1), pages 171-193, October.
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    9. Nouriel Roubini, 1988. "Current Account and Budget Deficits in an Intertemporal Model of Consumption and Taxation Smoothing. A Solution to the "Feldstein-Horioka Puzzle"?," NBER Working Papers 2773, National Bureau of Economic Research, Inc.
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    11. Giancarlo Corsetti & Gernot J. Müller, 2006. "Twin deficits: squaring theory, evidence and common sense," Economic Policy, CEPR;CES;MSH, vol. 21(48), pages 597-638, October.
    12. Bouakez, Hafedh & Chihi, Foued & Normandin, Michel, 2014. "Fiscal policy and external adjustment: New evidence," Journal of International Money and Finance, Elsevier, vol. 40(C), pages 1-20.
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