IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-03459164.html
   My bibliography  Save this paper

Croissance sans châtiment

Author

Listed:
  • Guillaume Chevillon

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Catherine Mathieu

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Christine Rifflart

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Hervé Péléraux

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Mathieu Plane

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Xavier Timbeau

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Christophe Blot
  • Eric Heyer

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Marion Cochard
  • Matthieu Lemoine

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Paola Veroni

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Amel Falah
  • Sabine Le Bayon

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

Gone is the early decade's turmoil, growth is back on a sustainable path. The expected 2005 slowdown turned out benign in the US, Latin America and Central and Eastern Europe, hardly noticeable in Asia, absent in Japan which emerged out of deflation. Prospects for 2006 and 2007 should confirm this. Disequilibria have had no major impact: the hike in oil prices has not fuelled inflation; central bankers have maintained their credibility, this kept long term interest rates low. As a result, housing markets have proved buoyant and savings rates have decreased, thus providing an effective transmission channel for a possible rise in interest rates. US Current account is becoming abysmal; disequilibria settle and push growth further. The storm should stay at bay so long as faith in people's and countries' situations remains.

Suggested Citation

  • Guillaume Chevillon & Catherine Mathieu & Christine Rifflart & Hervé Péléraux & Mathieu Plane & Xavier Timbeau & Christophe Blot & Eric Heyer & Marion Cochard & Matthieu Lemoine & Paola Veroni & Amel , 2006. "Croissance sans châtiment," Post-Print hal-03459164, HAL.
    • Handle: RePEc:hal:journl:hal-03459164
    DOI: 10.3917/reof.097.31
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03459164
    as

    Download full text from publisher

    File URL: https://sciencespo.hal.science/hal-03459164/document
    Download Restriction: no
    File URL: https://libkey.io/10.3917/reof.097.31?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    • Guillaume Chevillon & Catherine Mathieu & Christine Rifflart & Hervé Péléraux & Mathieu Plane & Xavier Timbeau & Christophe Blot & Eric Heyer & Marion Cochard & Matthieu Lemoine & Paola Veroni & Amel , 2006. "Croissance sans châtiment," SciencePo Working papers Main hal-03459164, HAL.

    More about this item

    Keywords

    Croissance mondiale; Économie mondiale;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-03459164. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.