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The History and Politics of Public Debt Accounting

Eric Monnet and Blaise Truong-Loï ()
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Blaise Truong-Loï: Sciences Po - Sciences Po

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Abstract: At first sight, the debates on public debt that emerged from the 2007–2008 global financial crisis and the 2010–2012 European debt crisis focused mainly on drawing economic policy conclusions from the level of debt relative to Gross Domestic Product (GDP), without raising many questions about the definition and accounting of public debt. Economic and moral arguments, embedded in different political repertoires,3 were called upon to discuss what is "too much debt". This debate around numbers mostly took the quantity of debt as given. [First lines]

Date: 2020
Note: View the original document on HAL open archive server: https://hal.science/hal-03055816
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Published in Nicolas Barreyre; Nicolas Delalande. A World of Public Debts, Palgrave Macmillan, pp.480 - 511, 2020, 9783030487966. ⟨10.1007/978-3-030-48794-2_19⟩

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Chapter: The History and Politics of Public Debt Accounting (2020)
Working Paper: The History and Politics of Public Debt Accounting (2020) Downloads
Working Paper: The History and Politics of Public Debt Accounting (2020) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03055816

DOI: 10.1007/978-3-030-48794-2_19

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