Soutenabilité des déficits et ajustements budgétaires

Pierre-Yves Hénin

Revue Économique, 1997, vol. 48, issue 3, 371-395

Abstract: [fre] Nous proposons une synthèse de la littérature récente qui s'attache à évaluer la soutenabilité des déficits publics, à analyser les raisons d'être de déficits persis­tants et notamment la difficulté relative d'augmenter les impôts ou de réduire les dépenses et à mesurer les coûts potentiels, en matière de stabilisation macroéco­nomique, de règles restrictives limitant la possibilité pour les gouvernements de pratiquer des déficits conjoncturels importants. [eng] We survey the littérature on three related issues, focal for the current debate on fiscal policy.. i) Assessment of the sustainability of public deficits. il) Alternative explanations of persistent deficits, including the relative difficulty of raising taxes and reducing expenditures. iii) Stabilization cost of fiscal rules restricting the ability of national or regional governments to run temporary deficits.

Date: 1997
Note: DOI:10.3406/reco.1997.409880
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