Economics at your fingertips  

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

Sabine Le Bayon, Catherine Mathieu (), Paola Monperrus-Veroni, Mathieu Plane, Christine Rifflart and Danielle Schweisguth

Revue de l'OFCE, 2010, vol. n° 112, issue 1, 35-61

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. JEL classification code: E62.

Keywords: fiscal policies; exit strategies (search for similar items in EconPapers)
JEL-codes: E62 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
Working Paper: Europe, États-Unis, Japon: quelles politiques budgétaires de sortie de crise ? (2010) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Revue de l'OFCE from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().

Page updated 2019-05-26
Handle: RePEc:cai:reofsp:reof_112_0035