PUBLICATIONS | Policy Briefs

 

 

2021


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22 October 2021

Public debt in the 21st century: An analysis of public debt dynamics with Debtwatch

Xavier Timbeau, Elliot Aurissergues, Eric Heyer


We propose a definition of public debt sustainability based on the possibility of conducting a fiscal effort or giving support to a macroeconomic path that makes it possible to reach a public debt target over a given horizon.
The concepts of a fiscal effort and a macroeconomic trajectory are both speculative, as they rely on the anticipation of unknown futures...

09 March 2021

More or less public debt in France ?

Xavier Ragot


The purpose of this Policy brief is to present an estimate of the fiscal space for a new stimulus plan in France that takes fully into account the impact of the low interest rate environment.
Negative rates should lead to a different way to measure the public debt, a method that complements the Maastricht measurement...

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