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Politique economique: avon-nous appris? = Economic policy: what have we learned? Bruegel Third-Party Paper, May 2008

Pisani-Ferry, Jean. (2008) Politique economique: avon-nous appris? = Economic policy: what have we learned? Bruegel Third-Party Paper, May 2008. [Policy Paper]

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    Abstract

    This paper examines what economic policy has learned from the contemporary developments in economic research and which lessons have been drawn from them for the formulation and the implementation of French economic policy. Advances in research are grouped under three headings: the intertemporal character of private behaviour and public policies; imperfect information and its implications for policy; and political economy constraints. Next, the paper reviews three main innovations through which economic policy has adapted to this change in perspective: the independent institution; the flexible rule; and the incentive contract. The implementation of those innovations in France is compared to international experience in the fields of monetary policy, fiscal policy and public management. Finally, the paper discusses what France has been slow to adopt and implement those innovations.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > public policy/public administration
    EU policies and themes > Policies & related activities > economic and financial affairs > monetary policy
    EU policies and themes > Policies & related activities > economic and financial affairs > fiscal policy
    EU policies and themes > Policies & related activities > economic and financial affairs > economic policy
    Countries > France
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Third-party Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: French
    Date Deposited: 23 Sep 2008
    Page Range: p. 25
    Last Modified: 15 Feb 2011 17:59
    URI: http://aei.pitt.edu/id/eprint/9122

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