Conduite et efficacité de la politique économique : les leçons de la crise

Landais, Bernard (2011): Conduite et efficacité de la politique économique : les leçons de la crise.

Abstract

This paper intend to keep some lessons from the recent crisis for the monetary and fiscal stabilization policies. We develop six propositions about these policies : The monetary policy may be wrongly orientated before a crisis ; The non-orthodox monetary actions are effective but dangerous; The Central Bank must adopt an enlarged framework for her strategy ; Fiscal Policy has not been completely rehabilited by crisis events and its efficiency is dubious ; In Euro Zone, monetary policy has been a problem that fiscal policies are not able to solve ; In Euro Zone, public debts are a big problem that monetary molicy can solve.

• Item Type: MPRA Paper
• English Title: Management and Efficiency of the Economic Policies : The Crisis' Lessons"
• Language: French
• Keywords: Politique monétaire, Politique budgétaire, Crise économique, Principales leçons
• Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles; H - Public Economics > H6 - National Budget, Deficit, and Debt > H60 - General; B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B22 - Macroeconomics; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E60 - General

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