Has French budgetary policy since the 1970s been truly Keynesian?*

Sebastien Charles, Thomas Dallery and Jonathan Marie

Post-Print from HAL

Abstract: The article shows that budgetary policy in France since the 1970s cannot be characterized as Keynesian. To prove this, two rules of behaviour compatible with Keynesian teaching are proposed and then compared with changes in budgetary balances and with a battery of stylized facts. The article calls for a fiscal stimulus allowing production capacities to be fully used for the first rule, or the return to full employment for the second. The article also points to potential ways of showing that the objective of full employment is not incompatible with the ecological transition and can be more easily reachable with a reduction in work hours.

Keywords: budgetary policy; output gap; Keynesianism (search for similar items in EconPapers)
Date: 2019-01
Note: View the original document on HAL open archive server: https://hal.science/hal-01981321
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Review of Keynesian Economics, 2019, 7 (1), pp.75-93. ⟨10.4337/roke.2019.01.06⟩

Downloads: (external link)
https://hal.science/hal-01981321/document (application/pdf)

Related works:
Journal Article: Has French budgetary policy since the 1970s been truly Keynesian? (2019)
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: https://EconPapers.repec.org/RePEc:hal:journl:hal-01981321

DOI: 10.4337/roke.2019.01.06

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().