Faced with a rapid and explosive deterioration in their public accounts, the industrialized countries, particularly in Europe, have implemented large-scale austerity policies, some as early as 2010, in order to quickly reduce their deficits. In a situation like this, several questions about France’s fiscal policy need to be examined:
– First, has France made a greater or lesser fiscal effort than other OECD countries to deal with its public accounts?
– Second, is there a singularity in the fiscal austerity policy implemented by France and has it had more or less effect on growth and the level of unemployment? Continue reading “And what if the austerity budget has succeeded better in France than elsewhere? ”