Public debt and redistribution in France (1980 – 2004)

Endettement public et redistribution en France de 1980 à 2004

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

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Abstract: This article deals with public debt dynamics in France. It also analyses several contemporary debates such as Ricardian equivalence, sustainability and budget balance decomposition. Public deficit is not necessarily the result of a Keynesian type of expansionary fiscal policy. It can also stem from insufficient tax resources creating a reversal bottom-up redistribution. The deficit would be then recessionary. In the latter case, expenditures' reduction can only worsen the macroeconomic environment.

Keywords: public debt; redistribution; sustainability; structural balance; fiscal policy; recessionary deficit; soutenabilité; solde structurel; politique budgétaire; déficit récessif; dette publique (search for similar items in EconPapers)
Date: 2006-01
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00084093
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Published in 2006

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00084093

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