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Degrowth and sustainable public finance

Author

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  • Pasche, Markus

Abstract

Using well-known results from public debt dynamics, it is shown that in case of degrowth a sustainable public debt is very unlikely to achieve. Degrowth requires that negative real interest rates have to be maintained which might imply accelerated inflation, or other severe goal conflicts of public finance will result.

Suggested Citation

  • Pasche, Markus, 2018. "Degrowth and sustainable public finance," MPRA Paper 87109, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:87109
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    File URL: https://mpra.ub.uni-muenchen.de/87109/1/MPRA_paper_87109.pdf
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    References listed on IDEAS

    as
    1. van den Bergh, Jeroen C.J.M., 2011. "Environment versus growth -- A criticism of "degrowth" and a plea for "a-growth"," Ecological Economics, Elsevier, vol. 70(5), pages 881-890, March.
    2. Rana Sajedi & Gregory Thwaites, 2016. "Why Are Real Interest Rates So Low? The Role of the Relative Price of Investment Goods," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 64(4), pages 635-659, November.
    3. Ayres, Robert U., 1996. "Limits to the growth paradigm," Ecological Economics, Elsevier, vol. 19(2), pages 117-134, November.
    4. Malmaeus, J. Mikael & Alfredsson, Eva C., 2017. "Potential Consequences on the Economy of Low or No Growth - Short and Long Term Perspectives," Ecological Economics, Elsevier, vol. 134(C), pages 57-64.
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    Cited by:

    1. Pasche, Markus, 2018. "Is there green growth in OECD countries?," MPRA Paper 87726, University Library of Munich, Germany.

    More about this item

    Keywords

    degrowth; sustainability; public debt; goal conflict;

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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