Réductions d'impôts et dette publique: un lien à ne pas occulter

Muriel Pucci and Bruno Tinel ()
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Bruno Tinel: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: Tax cuts create simultaneously a lack of tax receipts and more savings ready to be changed into public bonds and compensate this shortage of tax revenue. A part of tax resources is replaced by borrowing and those who are enjoying tax cuts are also receiving interest from government. The consumption gain that can be obtained is small compared with the loss of tax receipts. Tax cuts have played an important role in the rise in public debt for twenty years. The first section analyses the link between tax cuts and public debt in France through national accounts and the second section presents a stock-flow consistent (SFC) model to examine this relation.

Keywords: Public debt; tax cuts; stock-flow model; public finance; Dette publique; baisse d'impôt; modèle stock-flux; finances publiques (search for similar items in EconPapers)
Date: 2010-11
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00543300
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Published in 2010

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Related works:
Working Paper: Réductions d'impôts et dette publique: un lien à ne pas occulter (2010)
Working Paper: Réductions d'impôts et dette publique: un lien à ne pas occulter (2010)
Working Paper: Réductions d'impôts et dette publique: un lien à ne pas occulter (2010)
Working Paper: Réductions d'impôts et dette publique: un lien à ne pas occulter (2010)
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