12. Qui va supporter le coût de la réduction des taux d’endettement publics ?

Patrick Artus and Isabelle Gravet

Regards croisés sur l'économie, 2015, vol. n° 17, issue 2, 191-202

Abstract: Depending on the methods used, different types of actors can bear the reduction cost of public debt. Government choices of the euro-zone will have to take into account the main actors? groups who will bear the cost of a public debt decrease. A default on a part of the debt appears to be unthinkable because public and private pension systems hold massive amounts of public debts. In order to avoid future generations and low-income household to take a burden of public debt decrease, monetisation has to be favoured, either through a sale of assets at their present value, or through an increase of direct tax on households.

Date: 2015
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