Les hésitations de la parole autorisée durant la crise de la zone euro
In this paper, the evolution of the dominant discourses on the Eurozone crisis is analyzed. The hypothesis of a crisis of these discourses due to their incapacity to deliver a credible vision about on the recovery of growth is advanced. We attribute this incapacity to a cognitive path-dependence, le...
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Association Recherche & Régulation
2021-07-01
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| Series: | Revue de la Régulation |
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| Online Access: | https://journals.openedition.org/regulation/11814 |
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| author | Philippe Légé Jaime Marques Pereira |
| author_facet | Philippe Légé Jaime Marques Pereira |
| author_sort | Philippe Légé |
| collection | DOAJ |
| description | In this paper, the evolution of the dominant discourses on the Eurozone crisis is analyzed. The hypothesis of a crisis of these discourses due to their incapacity to deliver a credible vision about on the recovery of growth is advanced. We attribute this incapacity to a cognitive path-dependence, leading to conceive the way out of the crisis by means of a new “governance” supposed to guarantee at last budgetary rigor and structural reforms. The analysis of the evolution of the discourses reveals that this inertia of the doctrine implied a sequence of stutterings in the “authoritative statements” issued by policy-makers. The crisis brought continuing denials of the discourses held by decision-makers. The sequence of theses denials produced first a cognitive dissonance followed by two major controversies on the appropriate rhythm of budgetary consolidation and on the right extension of unconventional monetary policy. Despite partial revisions of these judgments, these controversies are still going on and numerous uncertainties are subsisting. Therefore, in addition to its properly economic dimension, the Eurozone crisis is also a crisis of the persuasion capacity of authoritative statements from Governments, Central Banks and economists. |
| format | Article |
| id | doaj-art-c8f1b1f200794655b2f24235d7f47a1c |
| institution | Kabale University |
| issn | 1957-7796 |
| language | English |
| publishDate | 2021-07-01 |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj-art-c8f1b1f200794655b2f24235d7f47a1c2025-01-30T14:26:33ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962021-07-011910.4000/regulation.11814Les hésitations de la parole autorisée durant la crise de la zone euroPhilippe LégéJaime Marques PereiraIn this paper, the evolution of the dominant discourses on the Eurozone crisis is analyzed. The hypothesis of a crisis of these discourses due to their incapacity to deliver a credible vision about on the recovery of growth is advanced. We attribute this incapacity to a cognitive path-dependence, leading to conceive the way out of the crisis by means of a new “governance” supposed to guarantee at last budgetary rigor and structural reforms. The analysis of the evolution of the discourses reveals that this inertia of the doctrine implied a sequence of stutterings in the “authoritative statements” issued by policy-makers. The crisis brought continuing denials of the discourses held by decision-makers. The sequence of theses denials produced first a cognitive dissonance followed by two major controversies on the appropriate rhythm of budgetary consolidation and on the right extension of unconventional monetary policy. Despite partial revisions of these judgments, these controversies are still going on and numerous uncertainties are subsisting. Therefore, in addition to its properly economic dimension, the Eurozone crisis is also a crisis of the persuasion capacity of authoritative statements from Governments, Central Banks and economists.https://journals.openedition.org/regulation/11814crisiseurodebtconfidenceeconomic discoursecognitive dissonance |
| spellingShingle | Philippe Légé Jaime Marques Pereira Les hésitations de la parole autorisée durant la crise de la zone euro Revue de la Régulation crisis euro debt confidence economic discourse cognitive dissonance |
| title | Les hésitations de la parole autorisée durant la crise de la zone euro |
| title_full | Les hésitations de la parole autorisée durant la crise de la zone euro |
| title_fullStr | Les hésitations de la parole autorisée durant la crise de la zone euro |
| title_full_unstemmed | Les hésitations de la parole autorisée durant la crise de la zone euro |
| title_short | Les hésitations de la parole autorisée durant la crise de la zone euro |
| title_sort | les hesitations de la parole autorisee durant la crise de la zone euro |
| topic | crisis euro debt confidence economic discourse cognitive dissonance |
| url | https://journals.openedition.org/regulation/11814 |
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