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Anatomie du désordre européen

Listed author(s):
  • Jean-Luc Gaffard

    (OFCE-Sciences Po, Université Côte d'Azur (Université de Nice Sophia Antipolis et SKEMA Business School))

  • Francesco Saraceno

    (OFCE-Sciences PO, LUISS SEP Roma)

Ni les raisons structurelles du déclenchement de la crise, ni les moyens requis pour éviter qu’elle ne s’amplifie à très court terme ne sont, aujourd’hui, le principal objet de l’attention des gouvernements ni même de la plupart des économistes. La préoccupation lancinante, en Europe comme d’ailleurs aux Etats-Unis, tient à la lenteur de la reprise et à l’incapacité de trouver les moyens d’y remédier au point de faire resurgir l’hypothèse d’une stagnation séculaire. Le débat se poursuit, notamment en Europe, entre ceux qui entendent mettre en oeuvre des réformes structurelles tout en assurant la consolidation des budgets publics et ceux qui persistent dans l’idée qu’il faut accepter sinon amplifier les déficits publics pour soutenir la demande. Certes, des failles se font jour au sein de l’orthodoxie néo-libérale, conduisant certains à juger la récession en cours inutilement longue et douloureuse. Le bien fondé de la libération des mouvements de capitaux et de la consolidation budgétaire est questionné. Mais les réformes structurelles semblent épargnées, sauf à s’interroger sur le calendrier de leur mise en oeuvre.

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File URL: http://www.ofce.sciences-po.fr/pdf/dtravail/WP2016-27.pdf
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Paper provided by Observatoire Francais des Conjonctures Economiques (OFCE) in its series Documents de Travail de l'OFCE with number 2016-27.

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Date of creation: Sep 2016
Handle: RePEc:fce:doctra:1627
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