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Quel objectif pour la dette publique à moyen terme ?

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  • Patrick Villieu

    (LEO - Laboratoire d'économie d'Orleans [2008-2011] - UO - Université d'Orléans - CNRS - Centre National de la Recherche Scientifique)

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 target for public debt, and then we focus on two major risks associated with long-term indebtedness: its impact on growth and the stability of the policy mix.

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  • Patrick Villieu, 2011. "Quel objectif pour la dette publique à moyen terme ?," Working Papers halshs-00829660, HAL.
    • Handle: RePEc:hal:wpaper:halshs-00829660
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00829660
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    References listed on IDEAS

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    1. Alexandru Minea & Patrick Villieu, 2009. "Investissement public et effets non linéaires des déficits budgétaires," Recherches économiques de Louvain, De Boeck Université, vol. 75(3), pages 281-311.
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    Cited by:

    1. Scott Regifère MOUANDAT, 2021. "dette optimale au Gabon," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 12(1), pages 132-149, June.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. 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.

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    More about this item

    Keywords

    financial crisis; public debt; OECD; crise financière; dette publique; OCDE; policy mix;
    All these keywords.

    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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