IDEAS home Printed from https://ideas.repec.org/p/hal/spmain/hal-03461741.html
   My bibliography  Save this paper

Quelle dette publique à l’horizon 2030 en France ?

Author

Listed:
  • Eric Heyer

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Mathieu Plane

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Xavier Timbeau

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

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.).

Suggested Citation

  • Eric Heyer & Mathieu Plane & Xavier Timbeau, 2010. "Quelle dette publique à l’horizon 2030 en France ?," SciencePo Working papers Main hal-03461741, HAL.
  • Handle: RePEc:hal:spmain:hal-03461741
    DOI: 10.3917/reof.112.0005
    Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-03461741
    as

    Download full text from publisher

    File URL: https://hal-sciencespo.archives-ouvertes.fr/hal-03461741/document
    Download Restriction: no

    File URL: https://libkey.io/10.3917/reof.112.0005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    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. 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.
    3. repec:hal:spmain:info:hdl:2441/1625 is not listed on IDEAS
    4. 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.
    5. Hervé Le Bihan, 2004. "Tests de rupture : une application au PIB tendanciel français," Economie & Prévision, La Documentation Française, vol. 163(2), pages 133-154.
    6. Eric Heyer & Christophe Blot & Marion Cochard & Hervé Péléraux & Mathieu Plane, 2009. "France : croissance précaire," SciencePo Working papers Main hal-03460038, HAL.
    7. 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.
    8. repec:hal:spmain:info:hdl:2441/1949 is not listed on IDEAS
    9. 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.
    10. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h560ladij is not listed on IDEAS
    11. repec:hal:wpspec:info:hdl:2441/1949 is not listed on IDEAS
    12. 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.
    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. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h61k5ih10 is not listed on IDEAS
    2. Jérôme Creel & Eric Heyer & Mathieu Plane, 2011. "Petit précis de politique budgétaire par tous les temps," Post-Print hal-03460510, HAL.
    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. 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.
    5. 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..
    6. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h61ql8ubo is not listed on IDEAS
    7. Eric Heyer, 2010. "Efficacité de la politique économique et position dans le cycle: le cas de la défiscalisation des heures supplémentaires en France," Documents de Travail de l'OFCE 2010-26, Observatoire Francais des Conjonctures Economiques (OFCE).
    8. repec:spo:wpecon:info:hdl:2441/5l6uh8ogmqildh09h61ql8ubo is not listed on IDEAS
    9. 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.
    10. repec:hal:wpspec:info:hdl:2441/5l6uh8ogmqildh09h61ql8ubo is not listed on IDEAS
    11. repec:spo:wpmain:info:hdl:2441/5l6uh8ogmqildh09h561p0po1 is not listed on IDEAS
    12. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h61k5ih10 is not listed on IDEAS
    13. 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.
    14. 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.
    15. repec:spo:wpmain:info:hdl:2441/5l6uh8ogmqildh09h61ql8ubo is not listed on IDEAS
    16. 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.
    17. repec:spo:wpmain:info:hdl:2441/5l6uh8ogmqildh09h61k5ih10 is not listed on IDEAS
    18. 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.
    19. 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.
    20. repec:spo:wpmain:info:hdl:2441/6120 is not listed on IDEAS
    21. repec:hal:wpspec:info:hdl:2441/2005 is not listed on IDEAS
    22. repec:hal:wpspec:info:hdl:2441/1904 is not listed on IDEAS
    23. 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.
    24. repec:hal:wpspec:info:hdl:2441/6120 is not listed on IDEAS
    25. repec:hal:spmain:info:hdl:2441/6120 is not listed on IDEAS
    26. 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.
    27. Lemoine, M. & de la Serve, M.E. & Chetouane, M., 2011. "Impact of the crisis on potential growth: An approach based on unobserved component models (in french)," Working papers 331, Banque de France.
    28. 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.
    29. Matthieu Lemoine & Gian Luigi Mazzi & Paola Monperrus-Veroni & Frédéric Reynes, 2010. "A new production function estimate of the euro area output gap This paper is based on a report for Eurostat: 'Real time estimation of potential output, output gap, NAIRU and Phillips curve for Euro-zo," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 29(1-2), pages 29-53.
    30. Eric Heyer, 2011. "The effectiveness of economic policy and position in the cycle," Working Papers hal-01069482, HAL.
    31. repec:hal:spmain:info:hdl:2441/7349 is not listed on IDEAS
    32. 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," SciencePo Working papers Main hal-03602950, HAL.
    33. Jean-Pierre Allégret & Alain Sand-Zantman, 2008. "Does a Monetary Union protect again foreign shocks? An assessment of Latin American integration using a Bayesian VAR," Working Papers 0809, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    34. Antonia López-Villavicencio & Sophie Saglio, 2017. "The Wage Inflation-Unemployment Curve at the Macroeconomic Level," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 79(1), pages 55-78, February.
    35. Evelyne Rousselet & Sylvie Chevrier & Valérie Pallas-Saltiel, 2015. "Bricolage of identity to cope with crisis. Bank employees in times of turmoil," Post-Print hal-01176412, HAL.
    36. repec:hal:wpspec:info:hdl:2441/7349 is not listed on IDEAS
    37. Jérôme Creel & Eric Heyer & Mathieu Plane, 2011. "Petit précis de politique budgétaire par tous les temps," SciencePo Working papers Main hal-03460510, HAL.

    More about this item

    Keywords

    Croissance à moyen terme; Finances publiques; Sortie de crise;
    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:hal:spmain:hal-03461741. 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: Contact - Sciences Po Departement of Economics (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.