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Endettement public et redistribution en France de 1980 à 2004

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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.

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    File URL: ftp://mse.univ-paris1.fr/pub/mse/cahiers2006/R06006.pdf
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    Bibliographic Info

    Paper provided by Université Panthéon-Sorbonne (Paris 1) in its series Cahiers de la Maison des Sciences Economiques with number r06006.

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    Length: 24 pages
    Date of creation: Jan 2006
    Date of revision:
    Handle: RePEc:mse:wpsorb:r06006

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    Related research

    Keywords: Public debt; redistribution; sustainability; structural balance; fiscal policy; recessionary deficit.;

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    1. Barro, Robert J, 1974. "Are Government Bonds Net Wealth?," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
    2. Philip Arestis & Malcolm Sawyer, 2003. "The Case for Fiscal Policy," Economics Working Paper Archive wp_382, Levy Economics Institute.
    3. Catherine Mathieu & Henri Sterdyniak, 2003. "Réformer le pacte de stabilité : l'état du débat," Revue de l'OFCE, Presses de Sciences-Po, vol. 84(1), pages 145-179.
    4. repec:spo:wpecon:info:hdl:2441/1831 is not listed on IDEAS
    5. Bruno Méary & Yannick L'Horty & Bruno Crépon & Jean-Philippe Cotis, 1998. "Les stabilisateurs automatiques sont-ils encore efficaces ? Le cas de la France dans les années quatre-vingt-dix," Revue d'Économie Financière, Programme National Persée, vol. 45(1), pages 95-118.
    6. Catherine Mathieu & Henri Sterdyniak, 2005. "Pacte de stabilité : la réforme impossible," Sciences Po publications info:hdl:2441/1831, Sciences Po.
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