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Un « fardeau » de la dette publique ? Les limites du concept de soutenabilité

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  • Maxime Menuet
  • Patrick Villieu

Abstract

Unlike the concept of solvency, whose theoretical foundations are clear, the notion of sustainability calls for considerations on the political and social acceptability of public debt, considerations that are mostly left out of the analysis. This article highlights the limits of the notion of sustainability, pointing out the incentives of political leaders and questioning the representation of public debt as a burden. Classification JEL : H50, H54, H60, H62, H63, H68.

Suggested Citation

  • Maxime Menuet & Patrick Villieu, 2022. "Un « fardeau » de la dette publique ? Les limites du concept de soutenabilité," Revue d'économie financière, Association d'économie financière, vol. 0(2), pages 139-164.
    • Handle: RePEc:cai:refaef:ecofi_146_0139
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    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

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