IDEAS home Printed from https://ideas.repec.org/a/cai/reofsp/reof_112_0005.html
   My bibliography  Save this article

Quelle dette publique à l'horizon 2030 en France ?

Author

Listed:
  • Éric Heyer
  • Mathieu Plane
  • Xavier Timbeau

Abstract

The financial and banking crisis in France, as in all industrialized countries, has had a considerable impact on the activity and evolution of public finances. If the lack of activity accumulated since the beginning of the crisis is expected to take over the next decade, the level of public debt (percent of GDP), however, should keep long-term effect of this crisis (2030). The purpose of this paper is to assess from different growth scenarios, the different trajectories of balances and public debt over the next two decades. Finally, beyond the uncertainties concerning the evolution of long term growth, we tested sensitivity to long-term debt to several assumptions (sustained rise in interest rates, fiscal policy more or less restrictive, etc.). JEL classification codes: E2, E62, E66, H68.

Suggested Citation

  • Éric Heyer & Mathieu Plane & Xavier Timbeau, 2010. "Quelle dette publique à l'horizon 2030 en France ?," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 5-33.
  • Handle: RePEc:cai:reofsp:reof_112_0005
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=REOF_112_0005
    Download Restriction: free

    File URL: http://www.cairn.info/revue-de-l-ofce-2010-1-page-5.htm
    Download Restriction: free
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Heyer, Eric & Reynes, Frederic & Sterdyniak, Henri, 2007. "Structural and reduced approaches of the equilibrium rate of unemployment, a comparison between France and the United States," Economic Modelling, Elsevier, vol. 24(1), pages 42-65, January.
    2. Éric Heyer & Xavier Timbeau, 2002. "Le chômage structurel à 5 % en France ?," Revue de l'OFCE, Presses de Sciences-Po, vol. 80(1), pages 115-151.
    3. Eric Heyer & Christophe Blot & Marion Cochard & Hervé Péléraux & Mathieu Plane, 2009. "France : croissance précaire," Post-Print hal-03460038, HAL.
    4. Christophe Blot & Xavier Timbeau, 2009. "Du chaos financier au K.O. économique," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(3), pages 149-178.
    5. repec:hal:spmain:info:hdl:2441/1625 is not listed on IDEAS
    6. Clément Bosquet & Michel Fouquin, 2008. "Productivité du travail : la fin du processus de convergence ?," Économie et Statistique, Programme National Persée, vol. 419(1), pages 125-142.
    7. Valérie Chauvin & Gaël Dupont & Éric Heyer & Xavier Timbeau, 2001. "Le retour au plein emploi ?," Revue de l'OFCE, Presses de Sciences-Po, vol. 79(4), pages 195-233.
    8. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h560ladij is not listed on IDEAS
    9. Hervé Le Bihan, 2004. "Tests de rupture : une application au PIB tendanciel français," Economie & Prévision, La Documentation Française, vol. 163(2), pages 133-154.
    10. repec:hal:wpspec:info:hdl:2441/1949 is not listed on IDEAS
    11. Clément Bosquet & Michel Fouquin, 2008. "Productivité du travail : la fin du processus de convergence ?," Économie et Statistique, Programme National Persée, vol. 419(1), pages 125-142.
    12. repec:hal:spmain:info:hdl:2441/1949 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jérôme Creel & Eric Heyer & Mathieu Plane, 2011. "Petit précis de politique budgétaire par tous les temps," SciencePo Working papers Main hal-03460510, HAL.
    2. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h61k5ih10 is not listed on IDEAS
    3. repec:spo:wpmain:info:hdl:2441/5l6uh8ogmqildh09h61k5ih10 is not listed on IDEAS

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h61qna0rp is not listed on IDEAS
    2. repec:spo:wpmain:info:hdl:2441/5l6uh8ogmqildh09h61qna0rp is not listed on IDEAS
    3. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h561p0po1 is not listed on IDEAS
    4. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h61k5ih10 is not listed on IDEAS
    5. Eric Heyer, 2010. "Efficacité de la politique économique et position dans le cycle : le cas de la défiscalisation des heures supplémentaires en France," SciencePo Working papers Main hal-01069450, HAL.
    6. Antonin Bergeaud & Gilbert Cette & Rémy Lecat, 2016. "Productivity Trends in Advanced Countries between 1890 and 2012," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 62(3), pages 420-444, September.
    7. Denis Carré & Nadine Levratto & Messaoud Zouikri, 2010. "Analyse comparée de la productivité des firmes européennes à partir de données comptables: L'effet pays en cause," EconomiX Working Papers 2010-11, University of Paris Nanterre, EconomiX.
    8. Bergeaud, A. & Cette, G. & Lecat, R., 2015. "Productivity trends from 1890 to 2012 in advanced countries," Rue de la Banque, Banque de France, issue 07, June..
    9. Gerard Cornilleau & Jerome Creel, 2014. "Financialisation and the Financial and Economic Crises: The Case of France," FESSUD studies fstudy22, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    10. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h61ql8ubo is not listed on IDEAS
    11. repec:spo:wpmain:info:hdl:2441/5l6uh8ogmqildh09h61ql8ubo is not listed on IDEAS
    12. Catherine Bruneau & Pierre-Luis Girard, 2021. "Labor Productivity in France: Is the Slowdown of its Growth Inevitable or are there Levers to fight it?," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 7(1), pages 9-40, January.
    13. repec:spo:wpecon:info:hdl:2441/5l6uh8ogmqildh09h61ql8ubo is not listed on IDEAS
    14. Gian Luigi Mazzi & Frédéric Reynès & Matthieu Lemoine & Paola Veroni, 2008. "Real Time Estimation of Potential Output and Output Gap for the Euro-Area : Comparing Production Function with Unobserved Components and SVAR Approaches," SciencePo Working papers Main hal-01027422, HAL.
    15. repec:hal:wpspec:info:hdl:2441/5l6uh8ogmqildh09h61ql8ubo is not listed on IDEAS
    16. repec:spo:wpmain:info:hdl:2441/5l6uh8ogmqildh09h561p0po1 is not listed on IDEAS
    17. repec:spo:wpmain:info:hdl:2441/5l6uh8ogmqildh09h61k5ih10 is not listed on IDEAS
    18. repec:spo:wpecon:info:hdl:2441/6120 is not listed on IDEAS
    19. repec:spo:wpmain:info:hdl:2441/1904 is not listed on IDEAS
    20. Eric Heyer, 2011. "The effectiveness of economic policy and position in the cycle: the case of tax reductions on overtime in France," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 27(2), pages 364-379.
    21. Jean-Luc Gaffard, 2014. "Crise de la théorie et crise de la politique économique. Des modèles d'équilibre général stochastique aux modèles de dynamique hors de l'équilibre," Revue économique, Presses de Sciences-Po, vol. 65(1), pages 71-96.
    22. Clément Bosquet & Michel Fouquin, 2008. "Productivité du travail : la fin du processus de convergence ?," Économie et Statistique, Programme National Persée, vol. 419(1), pages 125-142.
    23. Jean-Pierre Allegret & Alain Sand-Zantman, 2009. "Does a Monetary Union protect again shocks? An assessment of Latin American integration," Post-Print halshs-00371069, HAL.
    24. Jérôme Creel & Eric Heyer & Mathieu Plane, 2011. "Petit précis de politique budgétaire par tous les temps," Post-Print hal-03460510, HAL.
    25. repec:spo:wpmain:info:hdl:2441/6120 is not listed on IDEAS
    26. Jean-Pierre Allegret & Alain Sand-Zantman, 2008. "Monetary Integration Issues in Latin America: A Multivariate Assessment," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 55(3), pages 279-308, September.
    27. repec:hal:wpspec:info:hdl:2441/2005 is not listed on IDEAS
    28. El Alaoui, Aicha & Ezzahidi, Elhadj & Eladnani, Mohamed Jellal, 2013. "Etimating NAIRU: the Morocco case," MPRA Paper 56815, University Library of Munich, Germany, revised Apr 2014.
    29. repec:hal:wpspec:info:hdl:2441/1904 is not listed on IDEAS
    30. Aurélien Gaimon & Vincent Lapegue & Paola Veroni & Noé N'Semi & Frédéric Reynés & Maël Theulière, 2007. "Does the interaction between shocks and institutions solve the OECD unemployment puzzle ? A theoretical and empirical appraisal," Working Papers hal-03602950, HAL.
    31. repec:hal:wpspec:info:hdl:2441/6120 is not listed on IDEAS
    32. Mabrouk Chetouane & Matthieu Lemoine & Marie-Elisabeth de La Serve, 2011. "Impact de la crise sur la croissance potentielle," Post-Print hal-03389354, HAL.
    33. Eric Heyer & Frédéric Reynès & Henri Sterdyniak, 2004. "Observable and unobservable variables in the theory of the equilibrium rate of unemployment, a comparison between France and the United States," Working Papers hal-01027420, HAL.
    34. Eleni Iliopulos & Thepthida Sopraseuth, 2012. "L'intermédiation financière dans l'analyse macroéconomique : le défi de la crise," Économie et Statistique, Programme National Persée, vol. 451(1), pages 91-130.
    35. repec:hal:spmain:info:hdl:2441/6120 is not listed on IDEAS
    36. Olivier Filatriau & Frédéric Reynés, 2012. "A new estimate of discouraged and additional worker effects on labor participation by sex and age in OECD countries," Working Papers hal-03476015, HAL.
    37. Andrea Vaona, 2015. "Anomalous empirical evidence on money long-run super-neutrality and the vertical long-run Phillips curve," Working Papers 17/2015, University of Verona, Department of Economics.

    More about this item

    Keywords

    long term outlook; public debt; public deficit;
    All these keywords.

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:reofsp:reof_112_0005. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-de-l-ofce.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.