University:
Stanford University
Course:
BUS 55 | Fundamentals of Project Management
Academic year:

2024
Views:

18

Pages:

2
Author:

L. Gorez

‭Budgetary rule‬ ‭ eform of the ZE on the agenda, and changes to budgetary rules is on 1er plan -‬ R ‭because they have generated excessive budgetary austerity‬ ‭ uring the crisis. Conversely, not enough debt reduction due to the current economic‬ d ‭situation in the 2000s.‬ ‭Eco policy errors generated by budgetary rules have meant that it is BCE which supports the‬ ‭stabilization of activity.‬ ‭However, budgetary rules remain essential in an EMU to ensure public debt sustainability.‬ ‭Comments:‬ ‭ -‬ 1 ‭European budgetary rules have become too complex.‬ ‭2-‬ ‭Ypot is poorly estimated (we underestimate it so we think we are in Ypot) - error in the‬ ‭decision-making process in terms of PB‬ ‭3-‬ ‭European PB suffers from procyclicality and non-compliance with the rules has become‬ ‭the norm (since 2008, in France, 3% has been respected only in 2017 and 18. In 2019, 3.1% -‬ I‭NSEE).‬ ‭Recommendations:‬ ‭1-‬ ‭adopt new budget rules targeting the growth of G in value. This growth rate will be‬ ‭capped by the growth of GDPpot‬ ‭2-‬ ‭Transfer supervision to independent national budgetary institutes, coordinated and‬ ‭supervised by a European budgetary council.‬ ‭3-‬ ‭If non-compliance with the budget rule - submit the finance minister to explain to parliament‬ ‭and the press.‬ ‭News:‬‭Today, Ypot estimated at 1% and - 1% - There‬‭is no need for economic recovery. On the‬ ‭other hand, we have an excess of savings and too little I. We need to revive investment.‬ ‭Macro In February 2020 Said‬‭to himself worried‬‭about‬‭the contraction of public and private‬ ‭financing and‬‭underinvestment in Europe‬‭: “‬‭I see that‬‭in Europe we are continuing budgetary‬ ‭consolidation while China and the United States have chosen to significantly increase their public‬ ‭spending.‬‭".‬ ‭ )‬ b ‭Is current budget activism in the US dangerous?‬ ‭J. Pisani. Ferry‬‭,‭T ‬ he economy according to Trump, the‬‭triumph of adventurism‬‭:‭2 ‬ 020:‬‭In a context‬ ‭of low inflation and low Ti, there is more room than we thought for expansionist policies. This‬ ‭context must call for bold choices, rather than the usual pusillanimity.‬ ‭The decision to stimulate an economy where unemployment was below 5% had the character of a‬ ‭happy experiment. There is just as much inequality, but many positive points:‬ ‭-Confidence in the virtues of a tight L market that can attract people who had exited and thus‬ ‭creates new‬ ‭Y capabilities - resume sokun,‬‭1972‬‭)‬ ‭-G+ and T- brought two points of - since 2017. But increase debt and deficit.‬‭Blanchard‬‭:No‬ ‭problem with increasing debt and deficit, because we have r