IESET.
Movements·france_macron_presidency_2017_present

Macron presidency — liberal-progressive Macronism (France)

FRA·2017present·La République en Marche / Renaissance — presidential majority 2017-2022 (with MoDem/Agir/Horizons), relative plurality without absolute majority from June 2022; successive governments under PMs Philippe, Castex, Borne, Attal, Barnier, Bayrou
Leaders: Emmanuel Macron (President, 2017-) · Édouard Philippe (PM 2017-2020) · Jean Castex (PM 2020-2022) · Élisabeth Borne (PM 2022-2024) · Gabriel Attal (PM Jan-Sep 2024) · Bruno Le Maire (Economy/Finance 2017-2024)
positionsempirical_pragmatistordoliberalsocial_democratic

Doctrine — stated goals and content

Liberal-progressive Macronism — a self-styled "en même temps" centrism combining supply-side reform, European federalist ambition, and selective social liberalism, positioning rhetorically as neither left nor right but empirically centre to centre-right on economics and centre-left on social issues (EU integration, climate rhetoric). Signature content: Ordonnances Travail 2017 (Code du travail liberalisation, company-level bargaining); ISF → IFI wealth-tax narrowing to real estate 2018; PFU flat tax on capital income at 30% from 2018; corporate tax phased 33.3% → 25% by 2022; PACTE law 2019 (business growth, privatisation of ADP authorised but blocked, FDJ privatisation 2019); pension reform 2020 (suspended by COVID) then re-attempted as 2023 reform raising retirement age 62 → 64 (Article 49.3, enacted April 2023 amid mass protests); energy-price shield and "quoi qu'il en coûte" fiscal response to COVID and to the 2022 Ukraine-war energy shock; sustained Ukraine military support, NATO re-engagement, France 2030 industrial-policy envelope (€54bn for green tech, nuclear EPR2 relaunch, semiconductors). Left-right axis: centre with a clear centre-right tilt on fiscal/regulatory content. Popularity: 1st-round 24.0% / 2nd-round 66.1% in 2017 vs Le Pen; 1st-round 27.8% / 2nd-round 58.5% in 2022 vs Le Pen; approval oscillated from ~62% post- election 2017 to ~23% at gilets-jaunes trough (Dec 2018), recovering to ~40% mid-2020, falling again to sub-30% by mid-2023 post-pensions; June 2022 legislative election cost the absolute majority (245/577 seats), and the snap June-July 2024 dissolution following RN EU-election victory produced a hung Assemblée (ENSEMBLE ~166 seats, RN-led bloc ~142, NFP ~180). Coherence judgement: doctrinally consistent supply-side-with- European-solidarity programme whose reform cadence outran its democratic coalition, converting a 2017 realignment mandate into a fragmented minority presidency.

Policy-content fingerprint — how the framework codes this movement on its axes

labour market flexibility
regulatory.labour_market_flexibility
Ease of hiring/firing, collective-bargaining scope, minimum wage rigidity, temporary/permanent contract regulation.
increased · moderate
more flexible (easier hiring/firing, less rigid bargaining)
Ordonnances Travail 2017; 2023 pension reform raising effective labour supply at older ages.
tax progressivity
fiscal.tax_progressivity
Progressivity of the personal income tax schedule, including top marginal rates, bracket spread, and targeted credits (EITC-equivalents).
decreased · moderate
less progressive (flatter rates, compression, smaller credits)
PFU flat 30% on capital income; ISF narrowed to IFI real-estate-only.
tax capital
fiscal.tax_capital
Taxation of capital income (dividends, capital gains, inheritance, wealth). Distinct from corporate rate.
decreased · moderate
lower capital income tax
ISF → IFI narrowing; PFU flat rate.
tax corporate
fiscal.tax_corporate
Statutory and effective corporate tax rates, treatment of depreciation, and international competitiveness.
decreased · moderate
lower corporate tax burden
Phased 33.3% → 25% statutory rate by 2022.
sectoral subsidy
fiscal.sectoral_subsidy
Targeted industrial and sectoral subsidies (renewable energy, chip manufacturing, agriculture, green hydrogen, etc).
increased · moderate
expanded sectoral subsidies
France 2030 €54bn industrial envelope; EPR2 nuclear relaunch; energy-price shield 2022-2023.
spending level
fiscal.spending_level
General government spending as share of GDP, excluding transfers already captured under fiscal.transfer_expansion to avoid double-counting.
increased · strong
higher spending share
COVID 'quoi qu'il en coûte' 2020-2021 and 2022-2023 energy shield pushed spending/GDP and debt/GDP up.
product market competition
regulatory.product_market_competition
Product-market regulation, entry barriers, licensing burdens, network-industry regulation, price controls.
increased · weak
more competition-friendly (lower entry barriers)
PACTE law loosened firm-size thresholds; FDJ privatisation; ADP privatisation legislated but blocked by referendum threat.

Policies enacted

What the data says — linked outcome hypotheses

The movement's outcome claims are tied to these hypotheses. Verdicts update as models run.

not yet written
schroder_style_reform_effectiveness

Schools of thought aligned or opposed

partial
ordoliberal
Fiscal-rules rhetoric and EU-level discipline coexist with large domestic fiscal interventions.

References

Notes

Broader than the narrower macron_labour_tax_reforms_2017_2019 entry, which focuses on the 2017-2019 reform sprint. This movement captures the full presidency through the 2024 dissolution and its post-2024 hung-Assemblée phase.