Quel objectif pour la dette publique à moyen terme ?

Patrick Villieu

Working Papers from HAL

Abstract: Following the financial crisis, governments of industrialized countries have undertaken major programs to stimulate demand and to recapitalize banks. As a result, levels of public debt rose sharply, and they will probably continue to do so in the near future in the OECD countries. However, there is no consensus on the effects of public debt on the economy. This article examines the theoretical contributions to this debate. First, we question the possible existence of a desirable target for public debt, and then we focus on two major risks associated with long-term indebtedness: its impact on growth and the stability of the policy mix.

Keywords: financial crisis; public debt; OECD; crise financière; dette publique; OCDE; policy mix (search for similar items in EconPapers)
Date: 2011-10-28
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00829660
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://shs.hal.science/halshs-00829660/document (application/pdf)

Related works:
Journal Article: Quel objectif pour la dette publique à moyen terme ? (2011)
Journal Article: Quel objectif pour la dette publique à moyen terme ? (2011)
Working Paper: Quel objectif pour la dette publique à moyen terme ? (2011)
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:wpaper:halshs-00829660

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().