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Pacte de Stabilite ou Controle du Taux d'Endettement Public

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  • Artus, P.
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    Abstract

    Le pacte de stabilite, qui va contraindre les politiques budgetaires en Europe apres l'unification monetaire, impose une limite superieure aux defecits publics. Utilisant un modele theorique simple a deus periodes, nous comparons les choix de politique budgetaire dans le cadre du pacte de stabilite a ceux qui resulteraient du choix d'une limite pour les taux d'endettement publics. Nous etudions les effets du niveau initialde dette, des chocs inflationnistes ainsi que des chocs reels dans les cas ou une baisse de production (de croissasnce) est penalisee. Nous supposons que les impots ont un effet negatif sur l'activite, tandis que les depenses publiques sont socialement necessaires.

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    Bibliographic Info

    Paper provided by Caisse des Depots et Consignations - Cahiers de recherche in its series Papers with number 1997-18/ma.

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    Length: 42 pages
    Date of creation: 1997
    Date of revision:
    Handle: RePEc:fth:cadeco:1997-18/ma

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    Postal: Caisse des depots et consignations, Services des etudes economiques et financieres, 195 Boulevard Saint Germain- 75007 Paris, France.

    Related research

    Keywords: DEFICIT ; DETTE;

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