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Les hésitations de la parole autorisée durant la crise de la zone euro

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  • Légé, Philippe
  • Pereira, Jaime Marques

Abstract

Cet article analyse l’évolution des discours dominants sur la crise de la zone euro. Il soutient l’hypothèse d’une crise de ces discours en raison de leur incapacité à donner une vision crédible des voies d’une reprise de la croissance. Cette incapacité est attribuée à une dépendance de sentier cognitive ayant conduit à concevoir la sortie de crise sur la base d’une nouvelle « gouvernance » supposée garantir enfin la rigueur budgétaire et la mise en œuvre des réformes structurelles. L’analyse de l’évolution des discours révèle que cette inertie de la doctrine a impliqué une séquence de « bégaiements de la parole autorisée ». La crise a apporté des démentis successifs aux discours des décideurs, ce qui a d’abord entraîné une dissonance cognitive puis engendré deux controverses sur le rythme de l’assainissement budgétaire et l’étendue de la politique monétaire non conventionnelle. En dépit de révisions partielles de jugements, ces controverses se poursuivent et de nombreuses incertitudes subsistent. Ainsi, outre sa dimension proprement économique, la crise de la zone euro est aussi une crise de la capacité de persuasion de la parole autorisée des gouvernements, des banques centrales et des économistes.

Suggested Citation

  • Légé, Philippe & Pereira, Jaime Marques, 2016. "Les hésitations de la parole autorisée durant la crise de la zone euro," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 19.
  • Handle: RePEc:rvr:journl:2016:11814
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    References listed on IDEAS

    as
    1. Frankel, Jeffrey A & Rose, Andrew K, 1998. "The Endogeneity of the Optimum Currency Area Criteria," Economic Journal, Royal Economic Society, vol. 108(449), pages 1009-1025, July.
    2. Christophe Blot & Jérôme Creel & Paul Hubert & Fabien Labondance, 2014. "Les enjeux du triple mandat de la BCE," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(3), pages 175-186.
    3. Akerlof, George A & Dickens, William T, 1982. "The Economic Consequences of Cognitive Dissonance," American Economic Review, American Economic Association, vol. 72(3), pages 307-319, June.
    4. Olivier J. Blanchard & Daniel Leigh, 2013. "Growth Forecast Errors and Fiscal Multipliers," American Economic Review, American Economic Association, vol. 103(3), pages 117-120, May.
    5. Paul De Grauwe, 2011. "The European Central Bank: Lender of Last Resort in the Government Bond Markets?," CESifo Working Paper Series 3569, CESifo Group Munich.
    6. Jacques Mazier & Sophie Saglio, 2004. "Asymétries, ajustements et relations salariales dans l'Union européenne," Revue Française d'Économie, Programme National Persée, vol. 19(1), pages 37-76.
    7. Christophe Blot & Jérôme Creel & Paul Hubert & Fabien Labondance, 2014. "Les enjeux du triple mandat de la BCE," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(3), pages 175-186.
    8. Paul De Grauwe & Yuemei Ji, 2012. "Mispricing of Sovereign Risk and Macroeconomic Stability in the Eurozone," Journal of Common Market Studies, Wiley Blackwell, vol. 50(6), pages 866-880, November.
    9. Mackenzie, Donald, 2006. "Is Economics Performative? Option Theory and the Construction of Derivatives Markets," Journal of the History of Economic Thought, Cambridge University Press, vol. 28(01), pages 29-55, March.
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    More about this item

    Keywords

    crise; confiance; discours économique; dissonance cognitive; dette; euro; crisis; confidence; debt; economic discourse; cognitive dissonance; euro;

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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