The dynamics of French public debt: Paths for fiscal consolidations

Piero Esposito, Antonio Paradiso () and B. Rao

MPRA Paper from University Library of Munich, Germany

Abstract: We analyze possible targets for the French debt-to-GDP ratio with a small model. The role of the US and German GDP growth, prices of raw materials, ECB monetary policy, and domestic policy is analyzed in the debt dynamics. We find that external conditions, together with policies to stimulate growth and to generate a government surplus, play a fundamental role in the French fiscal consolidation.

Keywords: Debt to GDP Ratio; French Economy; International Factors (search for similar items in EconPapers)
JEL-codes: E62 H63 H68 (search for similar items in EconPapers)
Date: 2011-07-15
New Economics Papers: this item is included in nep-eec, nep-fdg and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:32564

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