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Debt retrenchment strategies and control of public spending

Listed author(s):
  • Bouthevillain, C.
  • Paul, L.
  • Pavot, J.
Registered author(s):

    Faced with excessive government debt, several countries have launched comprehensive structural reforms to consolidate their public finances. Drawing on the experiences of foreign countries, this article shows that control of public spending, in particular the implementation of fiscal rules for public spending, has played a key role in the fiscal consolidation process.

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    Article provided by Banque de France in its journal Quarterly selection of articles - bulletin de la Banque de France.

    Volume (Year): (2007)
    Issue (Month): 08 (Summer)
    Pages: 5-34

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    Handle: RePEc:bfr:quarte:2007:08:01
    Contact details of provider: Postal:
    Banque de France 31 Rue Croix des Petits Champs LABOLOG - 49-1404 75049 PARIS

    Web page: http://www.banque-france.fr/

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    1. Schuknecht, Ludger & Hauptmeier, Sebastian & Heipertz, Martin, 2006. "Expenditure reform in industrialised countries: a case study approach," Working Paper Series 634, European Central Bank.
    2. Andrea Bassanini & Romain Duval, 2006. "Employment Patterns in OECD Countries: Reassessing the Role of Policies and Institutions," OECD Economics Department Working Papers 486, OECD Publishing.
    3. Marco Buti & Sylvester Eijffinger & Daniele Franco, 2003. "Revisiting the Stability and Growth Pact: grand design or internal adjustment?," European Economy - Economic Papers 2008 - 2015 180, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    4. Isabelle Joumard & Per Mathis Kongsrud & Young-Sook Nam & Robert W. R. Price, 2004. "Enhancing the Effectiveness of Public Spending: Experience in OECD Countries," OECD Economics Department Working Papers 380, OECD Publishing.
    5. Jérôme Creel & Henri Sterdyniak, 2006. "Faut-il réduire la dette publique ?," Post-Print hal-01020965, HAL.
    6. Teresa Daban Sanchez & Steven A. Symansky & Gian M Milesi-Ferretti & Enrica Detragiache & Gabriel Di Bella, 2003. "Rules-Based Fiscal Policy in France, Germany, Italy, and Spain," IMF Occasional Papers 225, International Monetary Fund.
    7. Marcelin Joanis & Claude Montmarquette, 2005. "La problématique de la dette publique au Québec : causes, conséquences, solutions," CIRANO Burgundy Reports 2005rb-06, CIRANO.
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