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Dix ans de politique budgétaire au service de l'euro : l'exemple italien

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  • Paola Veroni

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

La stratégie macroéconomique mise en œuvre en Italie, durant la dernière décennie, s'apparente quelque peu aux politiques d'ajustement structurel prônées par le Fond monétaire international et par la Banque mondiale. La combinaison de mesures budgétaires et monétaires restrictives, de dépréciation du taux de change et de privatisations a été l'objet de controverses. La dépréciation contrastait avec l'engagement de participation au SME ; la politique monétaire de désinflation, jugée trop ambitieuse, a engendré une crise de crédibilité aggravant temporairement la charge de la dette ; enfin l'ampleur de la restriction budgétaire a été critiquée pour avoir pénalisé la croissance, l'emploi et les revenus (...).

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  • Paola Veroni, 2001. "Dix ans de politique budgétaire au service de l'euro : l'exemple italien," Post-Print hal-01016956, HAL.
    • Handle: RePEc:hal:journl:hal-01016956
    DOI: 10.3917/reof.076.0139
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-01016956
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    References listed on IDEAS

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    1. Andrea Zaghini, 1999. "The economyc policy of fiscal consolidations: The european experience," Temi di discussione (Economic working papers) 355, Bank of Italy, Economic Research and International Relations Area.
    2. Fehr, Hans & Ruocco, Anna, 1999. "Equity and efficiency aspects of the Italian debt reduction," Economic Modelling, Elsevier, vol. 16(4), pages 569-589, December.
    3. Alessandro Missale & Francesco Giavazzi & Pierpaolo Benigno, "undated". "Managing the Public Debt in Fiscal Stabilizations: the Evidence," Working Papers 118, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    4. Perotti, Roberto, 1996. "Fiscal Consolidation in Europe: Composition Matters," American Economic Review, American Economic Association, vol. 86(2), pages 105-110, May.
    5. Fabrizio Balassone & Daniela Monacelli, 2000. "EMU fiscal rules: Is there a gap?," Temi di discussione (Economic working papers) 375, Bank of Italy, Economic Research and International Relations Area.
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    Cited by:

    1. Jérôme Creel, 2001. "Faut-il contraindre la politique budgétaire en Union monétaire ?. Les enseignements d'une maquette simulée," Revue de l'OFCE, Presses de Sciences-Po, vol. 77(2), pages 199-249.
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