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Quel objectif pour la dette publique à moyen terme ?

Author

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  • Patrick Villieu

Abstract

Following the financial crisis, governments of industrialized countries have undertaken major programs to stimulate demand and to recapitalize banks. As a result, levels of public debt rose sharply, and they will probably continue to do so in the near future in the OECD countries. However, there is no consensus on the effects of public debt on the economy. This article examines the theoretical contributions to this debate. First, we question the possible existence of a desirable public debt target, and then we focus on two major risks associated with long-term indebtedness: its impact on growth and the stability of the policy mix. Classification JEL: E62, E63.

Suggested Citation

  • Patrick Villieu, 2011. "Quel objectif pour la dette publique à moyen terme ?," Revue d'économie financière, Association d'économie financière, vol. 0(3), pages 79-98.
    • Handle: RePEc:cai:refaef:ecofi_103_0079
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    Cited by:

    1. repec:ocp:rpecon:rp_13-22 is not listed on IDEAS
    2. Mahmoud Arbouch, 2023. "Inflation targeting and public debt reduction for emerging countries: a treatment effect approach," Research papers & Policy papers on Economic Trends and Policies 2310, Policy Center for the New South.
    3. Scott Régifère Mouandat, 2021. "Optimal debt in Gabon: an analysis in term of foreign currency compositions [La dette optimale au Gabon: une analyse en termes de composition en devises]," Post-Print hal-03326826, HAL.
    4. repec:jaf:journl:v:12:y:2021:i:1:n:331 is not listed on IDEAS
    5. Mkadmi, Jamel Eddine & Bakari, Sayef & Msai, Achwak, 2021. "Assessing the Impact of Tax Policies on Economic Growth in Tunisia: New Empirical and Policy Analysis," MPRA Paper 109023, University Library of Munich, Germany.
    6. Boukhatem, Jamel & Kaabi, Malèk, 2015. "Dette publique, qualité institutionnelle et croissance économique dans les pays de la région MENA : analyse par la méthode des moments généralisés [Public debt, institutional quality and economic g," MPRA Paper 65756, University Library of Munich, Germany, revised 23 Jul 2015.
    7. Tadadjeu Wemba, Dessy-Karl & Essiane, Patrick-Nelson Daniel, 2018. "Autonomie des Banques Centrales et Finances Publiques en Afrique subsaharienne [Autonomy of Central Banks and Public Finances in Sub-saharan Africa]," MPRA Paper 100828, University Library of Munich, Germany.
    8. Kadria, Mohamed & Ben Aissa, Mohamed Safouane, 2016. "Inflation targeting and public deficit in emerging countries: A time varying treatment effect approach," Economic Modelling, Elsevier, vol. 52(PA), pages 108-114.

    More about this item

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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