HAL will be down for maintenance from Friday, June 10 at 4pm through Monday, June 13 at 9am. More information
Skip to Main content Skip to Navigation
Journal articles

Politique budgétaire discrétionnaire en France : Les effets à court et à long terme

Abstract : Assessing the discretionary component of a fiscal policy is a difficult task. With a vector autoregressive model of the us economy and thanks to an original identification procedure, Blanchard and Perotti [2002, qje] were able to estimate thoroughly the impact on gdp of a discretionary shock on public expenditures or tax receipts. Adopting a longer term view with theoretical restrictions to identify the model deriving from the Fiscal theory of the price level, we show that, in France, the fiscal multiplier grows over time, from 0.8 in the short run (in the best case) to 2 in the long run. The empirical validity of the Fiscal theory is also discussed.
Document type :
Journal articles
Complete list of metadata

https://hal-sciencespo.archives-ouvertes.fr/hal-03459628
Contributor : Spire Sciences Po Institutional Repository Connect in order to contact the contributor
Submitted on : Wednesday, December 1, 2021 - 2:17:00 AM
Last modification on : Friday, March 25, 2022 - 3:40:24 AM

File

2007-creel-veroni-saraceno-pol...
Publisher files allowed on an open archive

Identifiers

Collections

Citation

Jérôme Creel, Paola Veroni, Francesco Saraceno. Politique budgétaire discrétionnaire en France : Les effets à court et à long terme. Revue Economique, Presses de Sciences Po, 2007, 58 (5), pp.1035 - 1053. ⟨10.3917/reco.585.1035⟩. ⟨hal-03459628⟩

Share

Metrics

Record views

5

Files downloads

0