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Pacte de Stabilite ou Controle du Taux d'Endettement Public

Author

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  • Artus, P.

Abstract

Le pacte de stabilite, qui va contraindre les politiques budgetaires en Europe apres l'unification monetaire, impose une limite superieure aux defecits publics. Utilisant un modele theorique simple a deus periodes, nous comparons les choix de politique budgetaire dans le cadre du pacte de stabilite a ceux qui resulteraient du choix d'une limite pour les taux d'endettement publics. Nous etudions les effets du niveau initialde dette, des chocs inflationnistes ainsi que des chocs reels dans les cas ou une baisse de production (de croissasnce) est penalisee. Nous supposons que les impots ont un effet negatif sur l'activite, tandis que les depenses publiques sont socialement necessaires.

Suggested Citation

  • Artus, P., 1997. "Pacte de Stabilite ou Controle du Taux d'Endettement Public," Papers 1997-18/ma, Caisse des Depots et Consignations - Cahiers de recherche.
  • Handle: RePEc:fth:cadeco:1997-18/ma
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    More about this item

    Keywords

    DEFICIT ; DETTE;

    JEL classification:

    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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