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Europe, États-Unis, Japon : quelles politiques budgétaires de sortie de crise ?

Author

Listed:
  • Sabine Le Bayon

    (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)

  • Paola Veroni

    (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)

  • Christine Rifflart

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

  • Danielle Schweisguth

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

Abstract

The 2007-2009 crisis has led public finances in industrial countries to deteriorate strongly due to a fall in tax receipts, the implementation of fiscal recovery plans and rescue packages for the financial sector. The article provides an analysis of public finances latest developments with prospects up to 2013 for France, Germany, Spain, the UK, the US, and Japan. The deterioration will be particularly substantial in Spain and the UK, while it will be more modest in France and Germany. Public deficits and debts will remain higher in 2013 than before the crisis despite fiscal contraction being implemented as soon as 2010 in Spain and the UK, and 2011 in the other countries under review. However, it will be crucial for the economic recovery that fiscal policies are not tightened too early.

Suggested Citation

  • Sabine Le Bayon & Catherine Mathieu & Paola Veroni & Mathieu Plane & Christine Rifflart & Danielle Schweisguth, 2010. "Europe, États-Unis, Japon : quelles politiques budgétaires de sortie de crise ?," SciencePo Working papers Main hal-03460122, HAL.
    • Handle: RePEc:hal:spmain:hal-03460122
    DOI: 10.3917/reof.112.0035
    Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-03460122
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    Cited by:

    1. Philippe Bance, 2012. "Budgetary Policies in the Crisis: Crash, Rescue, Boomerang: A Trap for Public Intervention?," Post-Print hal-01965379, HAL.
    2. repec:spo:wpmain:info:hdl:2441/5l6uh8ogmqildh09h61qna0rp is not listed on IDEAS
    3. Philippe Bance, 2012. "Les politiques budgétaires dans la crise : krach, sauvetage, boomerang… trappe à intervention publique ?," Post-Print hal-01965422, HAL.
    4. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h61qna0rp is not listed on IDEAS

    More about this item

    Keywords

    Finances publiques; Politique budgétaire; Sortie de crise;
    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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