Origines et conséquences de l'austérité dans les pays périphériques de la zone Euro: une interprétation post-keynésienne de la crise des dettes souveraines

Sebastien Charles and Thomas Dallery

Post-Print from HAL

Abstract: This article deals with the sustainability of public debt within the analytical scope proposed by Pasinetti, in order to determine the stability conditions of the public debt/GDP ratio. This alternative technique is used to assess austerity policies in some peripheral countries of the Eurozone, insisting on the bad diagnosis addressed about the causes of fiscal deficits. After having shown that the situation of public finances has not been involved by lax fiscal policies in those countries, we make use of Pasinetti's method to represent the noticeably dubious impact of austerity in those latter.

Date: 2015
References: Add references at CitEc
Citations:

Published in Économie appliquée : archives de l'Institut de science économique appliquée, 2015, 68 (2), pp.mai-38

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01346441

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD (hal@ccsd.cnrs.fr).