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La malaise française – Frankreichs Haushaltskrise und warum sie anhalten wird

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  • Afflatet Nicolas

    (Research Fellow an der Helmut-Schmidt-Universität/Universität der Bundeswehr Hamburg, Kontaktadresse (privat): Scharrenbroicher Str. 61 b, 51503 Rösrath, Tel.: (02205) 9079226, E-Mail: n.afflatet@gmail.com)

Abstract

France is stuck in a severe crisis. Growth rates are low, unemployment is high just as public deficit and debt. The public budget is structurally unbalanced. Though, there is no sign of budget consolidation. The model of a war of attrition can help to explain this situation. Resistance of interest groups against changes in the French economic and social model prevents necessary budget adaptions. The French President however must thereby fear to further lose popularity in case he takes these unpopular measures. That is the reason why the French crisis is expected to last.

Suggested Citation

  • Afflatet Nicolas, 2016. "La malaise française – Frankreichs Haushaltskrise und warum sie anhalten wird," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 65(1), pages 075-095, May.
    • Handle: RePEc:lus:zwipol:v:65:y:2016:i:1:p:075-095:n:1
    DOI: 10.1515/zfwp-2016-0001
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    References listed on IDEAS

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    More about this item

    Keywords

    Public Dept Crisis; War of Attrition; Budget Consolidation; Verschuldungskrise; Abnutzungskrieg; Haushaltskonsolidierung; Public Dept Crisis; War of Attrition; Budget Consolidation;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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