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Public debt and redistribution in France (1980 – 2004)
[Endettement public et redistribution en France de 1980 à 2004]

Author

Listed:
  • Jean-Marie Monnier

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Bruno Tinel

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

This article deals with public debt dynamics in France. It also analyses several contemporary debates such as Ricardian equivalence, sustainability and budget balance decomposition. Public deficit is not necessarily the result of a Keynesian type of expansionary fiscal policy. It can also stem from insufficient tax resources creating a reversal bottom-up redistribution. The deficit would be then recessionary. In the latter case, expenditures' reduction can only worsen the macroeconomic environment.

Suggested Citation

  • Jean-Marie Monnier & Bruno Tinel, 2006. "Public debt and redistribution in France (1980 – 2004) [Endettement public et redistribution en France de 1980 à 2004]," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00084093, HAL.
    • Handle: RePEc:hal:cesptp:halshs-00084093
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00084093
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