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The History and Politics of Public Debt Accounting

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  • Eric Monnet

    (Ecole d'Économie de Paris - Paris School of Economics (PSE))

  • Blaise Truong-Loï

    (Centre d'histoire de Sciences Po)

Abstract

At first sight, the debates on public debt that emerged from the 2007–2008 global financial crisis and the 2010–2012 European debt crisis focused mainly on drawing economic policy conclusions from the level of debt relative to Gross Domestic Product (GDP), without raising many questions about the definition and accounting of public debt. Economic and moral arguments, embedded in different political repertoires,3 were called upon to discuss what is “too much debt”. This debate around numbers mostly took the quantity of debt as given. [First lines]

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  • Eric Monnet & Blaise Truong-Loï, 2020. "The History and Politics of Public Debt Accounting," Sciences Po publications info:hdl:2441/d60rbs8im8u, Sciences Po.
    • Handle: RePEc:spo:wpmain:info:hdl:2441/d60rbs8im8uurhc3r2p9ts9pv
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