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Comment expliquer les disparités économiques dans l'UEM ?

Author

Listed:
  • Catherine Mathieu

    () (OFCE - OFCE - Sciences Po)

  • Henri Sterdyniak

    () (OFCE - OFCE - Sciences Po)

Abstract

Depuis le lancement de l'euro, les économies de la zone euro ont connu des disparités persistantes et souvent croissantes. Ces disparités sont sources de tensions en Europe ; elles rendent difficile la mise en oeuvre de politiques économiques communes, tant structurelles que conjoncturelles. L'article présente un panorama des divergences en termes de croissance et d'inflation et de la persistance de certains déséquilibres (chômage, déficit extérieur). Quatre explications sont présentées et discutées : les avantages donnés par la monnaie unique aux pays en rattrapage ; les défauts de l'organisation de la politique économique dans la zone euro ; le caractère non coopératif des politiques économiques nationales qui aurait entraîné trop de compétition et pas assez de coordination et aurait particulièrement nui aux pays les plus grands ; enfin la crise du modèle continental face à la mondialisation. Quatre stratégies sont discutées : la flexibilisation des marchés ; la marche vers l'économie de la connaissance préconisée par l'Agenda de Lisbonne ; la renationalisation des politiques économiques ou une nouvelle organisation de la politique économique européenne plus orientée vers la croissance.

Suggested Citation

  • Catherine Mathieu & Henri Sterdyniak, 2007. "Comment expliquer les disparités économiques dans l'UEM ?," Post-Print hal-01021366, HAL.
  • Handle: RePEc:hal:journl:hal-01021366 Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-01021366
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    References listed on IDEAS

    as
    1. Catherine Mathieu & Henri Sterdyniak, 2003. "Réformer le pacte de stabilité : l'état du débat," Revue de l'OFCE, Presses de Sciences-Po, vol. 84(1), pages 145-179.
    2. Gilles Saint-Paul, 2004. "Why are European Countries Diverging in their Unemployment Experience?," Journal of Economic Perspectives, American Economic Association, pages 49-68.
    3. Romain Duval & Jørgen Elmeskov, 2005. "The Effects of EMU on Structural Reforms in Labour and Product Markets," OECD Economics Department Working Papers 438, OECD Publishing.
    4. Perotti, Roberto & Alesina, Alberto, 2004. "The European Union: A Politically Incorrect View," Scholarly Articles 4553004, Harvard University Department of Economics.
    5. Alberto Alesina & Roberto Perotti, 2004. "The European Union: A Politically Incorrect View," Journal of Economic Perspectives, American Economic Association, vol. 18(4), pages 27-48, Fall.
    6. Alan Ahearne & Jean Pisani-Ferry, 2006. "The Euro: only for the agile," Policy Briefs 42, Bruegel.
    7. André Sapir, 2006. "Globalization and the Reform of European Social Models," Journal of Common Market Studies, Wiley Blackwell, vol. 44(2), pages 369-390, June.
    8. Lane, Philip R., 2006. "The Real Effects of EMU," CEPR Discussion Papers 5536, C.E.P.R. Discussion Papers.
    9. Nicholai Benalal & Juan Luis Diaz del Hoyo & Beatrice Pierluigi & Nikiforos Vidalis, 2006. "Output growth differentials across the euro area countries - some stylised facts," Occasional Paper Series 45, European Central Bank.
    10. Servaas Deroose & Sven Langedijk & Werner Roeger, 2004. "Reviewing adjustment dynamics in EMU: from overheating to overcooling," European Economy - Economic Papers 2008 - 2015 198, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
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    Citations

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    Cited by:

    1. Céline Antonin & Christophe Blot & Sabine Le Bayon & Catherine Mathieu, 2013. "La quête de la competitivité ouvre la voie de la déflation," Sciences Po publications info:hdl:2441/7o52iohb7k6, Sciences Po.
    2. Catherine Mathieu & Henri Sterdyniak, 2014. "Redemption?," Revue de l'OFCE, Presses de Sciences-Po, pages 51-91.
    3. Badarau-Semenescu, Cristina & Ndiaye, Cheikh Tidiane, 2010. "Politique économique et transmission des chocs dans la zone euro," L'Actualité Economique, Société Canadienne de Science Economique, vol. 86(1), pages 35-77, mars.
    4. Catherine Mathieu & Henri Sterdyniak, 2014. "In search of a better governance in the euro area," Sciences Po publications info:hdl:2441/63g6fe7kgp8, Sciences Po.
    5. repec:dau:papers:123456789/12010 is not listed on IDEAS
    6. Catherine Mathieu & Henri Sterdyniak, 2014. "Peut-on gérer la zone euro ?," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), vol. 30(1), pages 3-9, June.
    7. Jean-Claude Barbier & Arnaud Lechevalier, 2015. "La crise de la zone Euro : quels enseignements pour l’Europe sociale ?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01254229, HAL.
    8. Catherine Mathieu & Henri Sterdyniak, 2011. "Finances publiques, sorties de crise…," Sciences Po publications info:hdl:2441/5l6uh8ogmqi, Sciences Po.

    More about this item

    Keywords

    Economie européenne; Policy mix; Modèle social européen;

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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