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Jusqu'ou l'Etat peut-il s'endetter ? Une approche par des modeles à generations imbriquees d'agents

Author

Listed:
  • Crettez, B.
  • Michel, P.
  • Wigniolle, B.

Abstract

L'objet de cet article est d'approfondir la question de la definition de la solvabilite de l'Etat. A la question, jusqu'ou l'Etat peut-il s'endetter ? Nous répondons que l'endettement public acceptable, ne conduisant pas à la faillite, est celui qui reste compatible avec un fonctionnement effectif de l'economie. Nous considerons d'abord la situation ou l'Etat choisit librement le montant des impots (forfaitaires). Il n'y a alors aucune restriction sur la dette. En particulier, aucune contrainte budgetaire intertemporelle ne pese sur la politique de l'Etat.

Suggested Citation

  • Crettez, B. & Michel, P. & Wigniolle, B., 2000. "Jusqu'ou l'Etat peut-il s'endetter ? Une approche par des modeles à generations imbriquees d'agents," Papiers d'Economie Mathématique et Applications 2000.96, Université Panthéon-Sorbonne (Paris 1).
    • Handle: RePEc:fth:pariem:2000.96
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    Cited by:

    1. is not listed on IDEAS
    2. KPEMOUA, Palakiyèm, 2016. "La Dette Exterieure Handicape T’Elle La Croissance Economique Du Togo ? [Is External Debt A Brake On Togo’S Economic Growth?]," MPRA Paper 77403, University Library of Munich, Germany, revised 09 Jan 2017.

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    Keywords

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    JEL classification:

    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H6 - Public Economics - - National Budget, Deficit, and Debt

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