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Jouer sur la maturité ou émettre de la dette indexée: deux réponses à l'excès d'endettement publi

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  • Patrick Artus

Abstract

Several european countries (we take here the example of ltaly) have today an excessive public debt level, which is moreover countinously increasing between of the high level of interest payments. Those countries have perhaps not used two possible ways, which we analyze from a theoretical point of view, of improving their situation: to change the maturity of public debt, i.e. the proportion of long-term debt; to issue indexed debt, paying a real yield which is fixed in advance.

Suggested Citation

  • Patrick Artus, 1996. "Jouer sur la maturité ou émettre de la dette indexée: deux réponses à l'excès d'endettement publi," Annals of Economics and Statistics, GENES, issue 44, pages 135-157.
    • Handle: RePEc:adr:anecst:y:1996:i:44:p:135-157
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