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

Xavier Ragot

Revue d'économie financière, 2024, vol. N° 153, issue 1, 265-277

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.

JEL-codes: E31 E58 E63 (search for similar items in EconPapers)
Date: 2024
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