IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Faut-il des règles de politiques budgétaires ?

  • Catherine Mathieu

    (OFCE)

  • Henri Sterdyniak

    (OFCE)

En raison de la crise des dettes publiques, les projets visant à instaurer des règles budgétaires sont revenus au premier plan. Cette étude analyse leurs justi fications et les spécifications proposées, dans un cadre néo-classique, puis dans un cadre keynésien. Il n'y a aucune preuve qu’au cours de la dernière période, les déficits publics aient été la conséquence de l’indiscipline budgétaire et aient induit des taux d'intérêt trop élevés. Aucune des règles budgétaires proposées n’est économiquement satisfaisante, c’est-à-dire capable d’indiquer la politique optimale face à tous les chocs. L’étude propose une analyse des expériences de règles budgétaires nationales (comme la règle d'or au Royaume-Uni) ou européennes (comme le Pacte de stabilité et de croissance) ; elle montre qu'elles n’ont pas fonctionné avant et pendant la crise. La dernière section discute du projet européen, le « Pacte budgétaire », qui risque de paralyser les politiques budgétaires et d'empêcher la stabilisation économique. L'urgence aujourd'hui n'est pas d'augmenter la discipline des finances publiques mais de remettre en question les évolutions économiques qui rendent les déficits publics nécessaires.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://spire.sciencespo.fr/hdl:/2441/eo6779thqgm5r489m6u1i2a0o/resources/11-126.pdf
Download Restriction: no

Paper provided by Sciences Po in its series Sciences Po publications with number info:hdl:2441/eo6779thqgm5r489m6u1i2a0o.

as
in new window

Length:
Date of creation: Dec 2012
Date of revision:
Publication status: Published in Revue de l'OFCE - Débats et politiques, 2012
Handle: RePEc:spo:wpmain:info:hdl:2441/eo6779thqgm5r489m6u1i2a0o
Contact details of provider: Web page: http://www.sciencespo.fr/
More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Calmfors, Lars & Wren-Lewis, Simon, 2010. "What Should Fiscal Councils Do?," Seminar Papers 768, Stockholm University, Institute for International Economic Studies.
  2. Eisner, Robert, 1989. "Budget Deficits: Rhetoric and Reality," Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 73-93, Spring.
  3. Catherine Mathieu & Henri Sterdyniak, 2003. "Réformer le Pacte de stabilité : l’état du débat," Sciences Po publications info:hdl:2441/1783, Sciences Po.
  4. Henri Sterdyniak & Catherine Mathieu, 2004. "Réformer le Pacte de stabilité : l'état du débat," Macroeconomics 0411019, EconWPA, revised 07 Dec 2004.
  5. Thomas J. Sargent & Neil Wallace, 1981. "Some unpleasant monetarist arithmetic," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall.
  6. Bruno Ducoudré, 2005. "Politique budgétaire et taux d'intérêt," Revue de l'OFCE, Presses de Sciences-Po, vol. 95(4), pages 243-277.
  7. Charles Wyplosz, 2012. "Fiscal Rules: Theoretical Issues and Historical Experiences," NBER Working Papers 17884, National Bureau of Economic Research, Inc.
  8. Catherine Mathieu & Henri Sterdyniak, 2009. "La globalisation financière en crise," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(3), pages 13-73.
  9. Yeva S. Nersisyan & L. Randall Wray, 2011. "Un excès de dette publique handicape-t-il réellement la croissance ?," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 173-190.
  10. Hasan Doluca & Malte Hübner & Dominik Rumpf & Benjamin Weigert, 2013. "The European Redemption Pact. An illustrative guide," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 341-367.
  11. Leeper, Eric M., 1991. "Equilibria under 'active' and 'passive' monetary and fiscal policies," Journal of Monetary Economics, Elsevier, vol. 27(1), pages 129-147, February.
  12. Alesina, Alberto & Tabellini, Guido, 1990. "A Positive Theory of Fiscal Deficits and Government Debt," Review of Economic Studies, Wiley Blackwell, vol. 57(3), pages 403-14, July.
  13. Allen Schick, 2010. "Post-Crisis Fiscal Rules: Stabilising Public Finance while Responding to Economic Aftershocks," OECD Journal on Budgeting, OECD Publishing, vol. 10(2), pages 1-18.
  14. AfDB AfDB, . "AfDB Group Annual Report 2008," Annual Report, African Development Bank, number 64 edited by Koua Louis Kouakou.
  15. Alberto Alesina & Roberto Perotti, 1995. "The Political Economy of Budget Deficits," IMF Staff Papers, Palgrave Macmillan, vol. 42(1), pages 1-31, March.
  16. Lars Calmfors, 2012. "Can the Eurozone Develop into a Well-functioning Fiscal Union?," CESifo Forum, Ifo Institute for Economic Research at the University of Munich, vol. 13(1), pages 10-16, 04.
  17. Mathieu, Catherine & Sterdyniak, Henri, 2011. "Finances publiques, sorties de crise..," Economics Papers from University Paris Dauphine 123456789/12010, Paris Dauphine University.
  18. Paul De Grauwe, 2012. "A Fragile Eurozone in Search of a Better Governance," The Economic and Social Review, Economic and Social Studies, vol. 43(1), pages 1–30.
  19. Charles Wyplosz, 2011. "Fiscal Discipline: Rules Rather than Institutions," National Institute Economic Review, National Institute of Economic and Social Research, vol. 217(1), pages R19-R30, July.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:spo:wpmain:info:hdl:2441/eo6779thqgm5r489m6u1i2a0o. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Spire @ Sciences Po Library)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.