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Inflation et politique budgétaire : à la recherche d'un nouveau paradigme

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  • Xavier Ragot

Abstract

Numerous fiscal tools have contributed to stabilizing inflation during recurring economic crises over the past fifteen years: price caps, economic stimulus, paid furloughs, tax credits, etc. These policies are consistent with recent studies showing that budgetary tools are powerful levers for stabilizing activity and inflation. A new framework for pragmatic coordination of budgetary and monetary policies is therefore required, which must adapt to the institutional frameworks of each country. In Europe, it has been proposed that independent fiscal institutes that are responsible for informing national parliaments be provided with inflation analysis goals and adequate analytical resources. JEL classification: E31, E58, E63.

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  • Xavier Ragot, 2024. "Inflation et politique budgétaire : à la recherche d'un nouveau paradigme," Revue d'économie financière, Association d'économie financière, vol. 0(1), pages 265-277.
    • Handle: RePEc:cai:refaef:ecofi_153_0265
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    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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