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Politiques macroéconomiques : retour à l’orthodoxie ?

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  • Jacques Le Cacheux

Abstract

[fre] La crise financière de 2007-08 a conduit au retour des politiques économiques actives pour éviter une récession généralisée dans les grands pays industriels. Mais cet épisode aura été de courte durée face aux craintes des marchés financiers suscitées par l’endettement public et celle d’un retour de l’inflation. Les gouvernements se sont rapidement engagés dans des processus de consolidation budgétaire. Désormais face au ralentissement de l’économie mondiale, les États semblent aujourd’hui à court de moyens d’action. Et la tentation est grande de restaurer l’orthodoxie des politiques macroéconomiques sur la base d’une théorie qui n’a pourtant pas fait la preuve de son efficacité. . Classification JEL : E52, E66. [eng] Back to Conventional Macroeconomic Policies ? . The 2007-2208 financial crisis led to the return of active economic policies in order to avoid a general collapse of the world economy. But facing the fears of financial markets due to an excessive public debt and to a revival of inflation, the governments have soon entered a fiscal consolidation process. Today with an ailing economic activity, they seem to be powerless. The temptation is great of restoring conventional macroeconomic policies whose foundations lie on the main stream of macroeconomic theory whose weakness has appeared in broad daylight. . Classification JEL : E52, E66.

Suggested Citation

  • Jacques Le Cacheux, 2011. "Politiques macroéconomiques : retour à l’orthodoxie ?," Revue d'Économie Financière, Programme National Persée, vol. 103(3), pages 59-76.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2011_num_103_3_5869
    DOI: 10.3406/ecofi.2011.5869
    Note: DOI:10.3406/ecofi.2011.5869
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    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions

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