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

Croissance mondiale : essai transformé : Perspectives 2005-2006 pour l’économie mondiale

Abstract : Driven by the USA, China and developing countries, world growth should stay high in 2005 and 2006 and progressively spread to other areas. In industrial countries, except in the euro area and Japan, the engines for growth are active fiscal policies combined with loose monetary policies that act through the housing markets and household debts. Heavy American disequilibria no longer pose a threat: they are reducing. Similarly, the progressive increase in oil prices should not have a major impact so long as household consumption offsets it via debts. Driven by private investment and consumption, US growth should reduce to its potential and be less dependent on fiscal policy. Inflation should remain under control. In a buoyant global environment, the euro area, dragged down by Germany and Italy should remain the laggard.
Document type :
Journal articles
Complete list of metadata

https://hal-sciencespo.archives-ouvertes.fr/hal-03462204
Contributor : Spire Sciences Po Institutional Repository Connect in order to contact the contributor
Submitted on : Wednesday, December 1, 2021 - 4:42:49 PM
Last modification on : Monday, May 9, 2022 - 3:54:03 PM

File

2005-10-timbeau-croissance-mon...
Publisher files allowed on an open archive

Identifiers

Citation

Xavier Timbeau, Hélène Baudchon, Guillaume Chevillon, Marion Cochard, Amel Falah, et al.. Croissance mondiale : essai transformé : Perspectives 2005-2006 pour l’économie mondiale. Revue de l'OFCE, Presses de Sciences Po, 2005, 2005/4 (95), pp.13-35. ⟨10.3917/reof.095.0011⟩. ⟨hal-03462204⟩

Share

Metrics

Record views

29

Files downloads

3