Fédéralisme fiscal dans un modèle de zone monétaire optimale

Abstract

JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org.. Sciences Po University Press is collaborating with JSTOR to digitize, preserve and extend access to Revue économique.Dans cet article, on d6veloppe un modele stochastique d'6quilibre g6n6ral bas6 sur la th6orie des zones mon6taires optimales et permettant d'6valuer les effets stabilisateurs et redistributifs du f6d6ralisme fiscal dans une union mon6taire. Plusieurs modes d'attribution des transferts sont envisag6s. On d6gage que les m6thodes bas6es sur le revenu stabilisent le niveau d'activit6, alors que les regles bas6es sur le ch6mage sont g6n6ralement d6stabilisatrices. On propose toutefois un am6nagement de ces demieres qui induit une stabilisation du revenu et minimise les effets redistributifs non d6sir6s. FISCAL FEDERALISM IN A MODEL OF OPITIMUM CURRENCY AREAIn this paper, we build a simple stochastic general equilibrium model based on the theory of optimum currency areas. This allows us to investigate the stabilizing and redistributive effects of fiscal federalism in a currency union. It is shown that GDP-based rules induce important stabilizing effects while unemployment-based rules generally destabilize economic activity. Nevertheless, we show that the last ones can be adjusted to induce some stabilization while minimizing undesirable redistributive effects. Classification JEL: D58, F22, F41, F47 * CADRE, Universite de Lille II et SES, ministere de la Region wallonne. 519