| Titre | Une lecture des fluctuations récentes de l'activité : l'économie française est-elle devenue plus cyclique ? | |
|---|---|---|
| Auteur | Jean-Luc Tavernier, Yannick L'Horty | |
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Revue | Economie et prévision |
| Numéro | no 120, 1995/4 | |
| Rubrique / Thématique | Décrire et comprendre le cycle économique |
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| Page | 141-159 | |
| Résumé anglais |
An Interpretation of Recent Fluctuations in Activity: Has the French Economy Become More Cyclical?
by Yannick L'Horty and Jean-Luc Tavernier
The French economy experienced an exceptional cycle in terms of exemplary constancy and broad magnitude from the mid-1980s to the 1993 recession. This said, has the French economy become structurally more cyclical? To answer this question, economic amplification factors have to be found at work in the last cycle. The article explores three ways of achieving this. The first method posits that the more pronounced short-term fluctuations are due to external factors (the effects of business cycles abroad and exogenous shocks such as German reunification). The second method brings into play economic policy management by examining the macroeconomic effects of a expansive budgetary policy run with a restrictive monetary policy. The third and last method concerns breaks in behaviour and the expectations of different categories of agents in a new context marked by financial deregulation. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1995_num_120_4_5749 |
