Conduite et efficacité de la politique économique: les leçons de la crise

Management and Efficiency of the Economic Policies: The Crisis' Lessons"

Bernard Landais

MPRA Paper from University Library of Munich, Germany

Abstract: This paper intend to keep some lessons from the recent crisis for the monetary and fiscal stabilization policies. We develop six propositions about these policies : The monetary policy may be wrongly orientated before a crisis ; The non-orthodox monetary actions are effective but dangerous; The Central Bank must adopt an enlarged framework for her strategy ; Fiscal Policy has not been completely rehabilited by crisis events and its efficiency is dubious ; In Euro Zone, monetary policy has been a problem that fiscal policies are not able to solve ; In Euro Zone, public debts are a big problem that monetary molicy can solve.

Keywords: Politique monétaire; Politique budgétaire; Crise économique; Principales leçons (search for similar items in EconPapers)
JEL-codes: B22 E32 E52 E60 H60 (search for similar items in EconPapers)
Date: 2011-06-01
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:31223

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