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Les règles budgétaires de l'Europe peuvent-elles être réformées?

Author

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  • Sylvain Zeghni

    (LVMT - Laboratoire Ville, Mobilité, Transport - ENPC - École des Ponts ParisTech - Université Gustave Eiffel)

Abstract

Le débat sur la manière de réformer le Pacte de stabilité et de croissance (PSC) commence maintenant sérieusement. Dans une récente proposition de réforme, les économistes Olivier Blanchard, Alvaro Leandro et Jeromin Zettelmeyer ont développé une critique radicale des règles budgétaires actuelles de l'Union européenne (UE). Ces dernières sont considérées comme obsolètes car elles ont été conçues pour atteindre de faibles niveaux d'endettement dans un environnement de taux d'intérêt normaux (c'est-à-dire positifs), alors que la réalité de l'après-Covid sera celle de niveaux d'endettement élevés et de taux d'intérêt très bas, voire négatifs.

Suggested Citation

  • Sylvain Zeghni, 2021. "Les règles budgétaires de l'Europe peuvent-elles être réformées?," Post-Print hal-03203997, HAL.
  • Handle: RePEc:hal:journl:hal-03203997
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