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Degrowth and sustainable public finance

Markus Pasche ()

MPRA Paper from University Library of Munich, Germany

Abstract: Using well-known results from public debt dynamics, it is shown that in case of degrowth a sustainable public debt is very unlikely to achieve. Degrowth requires that negative real interest rates have to be maintained which might imply accelerated inflation, or other severe goal conflicts of public finance will result.

Keywords: degrowth; sustainability; public debt; goal conflict (search for similar items in EconPapers)
JEL-codes: H63 O44 Q57 (search for similar items in EconPapers)
Date: 2018-05-30
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