Ajustement, politiques économiques et récession de 2008-2009 au Canada et aux États-Unis : des mécanismes pertinents pour la zone euro?
Keywords:
optimal currency area, euro zone, fiscal federalism, Canada, United StatesAbstract
This paper presents the mechanisms of adjustment to the economic shocks of two monetary zones with federal structure - Canada and the United States - and points out some observations relevant for the euro zone (EZ). The first part briefly presents some reflections on financial federalism and optimal currency area. The second presents the monetary and fiscal policies that made it possible to mitigate the economic shock of 2008-2009. The third concludes by examining their relevance for the EZ.
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