| Titre | Autonomie des politiques monétaires, coordination des politiques budgétaires et contrainte extérieure | |
|---|---|---|
| Auteur | Dominique Bureau, Jean Bensaïd | |
 |
Revue | Economie et prévision |
| Numéro | no 94-95, 1990/3-4 Aspects de la contrainte extérieure | |
| Page | 155-165 | |
| Résumé anglais |
Autonomy of monetary policies, coordination of fiscal policies and external
constraint,
by Jean Bensaïd, Dominique Bureau.
The best way to reduce external disequilibria between industrial countries has been the main topic of economic policy debates in the eighties. The use of monetary policy and exchange rates movements or capital flows to finance easily external disequilibria has been gradually questioned. Genberg and Swoboda (1987) suggest to assign monetary policy to achieve internal GDP growth. Moreover monetary policy could be used in an autonomous way by each country. By contrast, differences in fiscal policies between countries could explain external disequilibria. To reduce them, countries should coordinate their fiscal policies. In this article such claims are tested with a small model which proceeds from the Atlas multinational model. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1990_num_94_3_5184 |
