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Réductions d'impôts et dette publique en France

Author

Listed:
  • Muriel Pucci
  • Bruno Tinel

Abstract

Tax cuts create simultaneously a lack of tax receipts and more savings ready to be changed into public bonds and compensate this shortage of tax revenue. A part of tax resources is replaced by borrowing and those who are enjoying tax cuts are also receiving interest from government. The consumption gain that can be obtained is small compared with the loss of tax receipts. Tax cuts have played an important role in the rise in public debt for twenty years. The first section analyses the link between tax cuts and public debt in France through national accounts and the second section presents a stock-flow consistent (SFC) model to examine this relation. JEL Classification codes: E12, E62, H63.

Suggested Citation

  • Muriel Pucci & Bruno Tinel, 2011. "Réductions d'impôts et dette publique en France," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 125-148.
    • Handle: RePEc:cai:reofsp:reof_116_0125
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    Cited by:

    1. Azizi, Karim & Canry, Nicolas & Chatelain, Jean-Bernard & Tinel, Bruno, 2013. "Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions," MPRA Paper 46519, University Library of Munich, Germany.
    2. Jean-Bernard Chatelain & Bruno Tinel & Karim Azizi & Nicolas Canry, 2012. "Are the No-Ponzi Game and the Transversality Conditions Relevant for Public Debt? A Keynesian Appraisal," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00686788, HAL.
    3. repec:hal:journl:dumas-00834841 is not listed on IDEAS

    More about this item

    Keywords

    public debt; tax cuts; stock-flow model; public finance;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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