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The Financial Sustainability Conundrum in Central Government

dc.contributor.authorBiondi, Yuri
HAL ID: 181420
ORCID: 0000-0002-5545-5550
dc.date.accessioned2018-11-22T14:58:48Z
dc.date.available2018-11-22T14:58:48Z
dc.date.issued2018
dc.identifier.issn2152-2820
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/18231
dc.language.isoenen
dc.subjectpublic debt management
dc.subject.ddc336en
dc.subject.classificationjelH.H6.H62en
dc.subject.classificationjelH.H6.H60en
dc.titleThe Financial Sustainability Conundrum in Central Government
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenThe bogeyman view on governmental debt assumes its analogy with debt owned by an individual to another individual. The government economy comes to be understood as a family economy where responsible parents assure the payment of all incurred debts through their present and future salaries, refraining from passing-over incurred debt burden to their children. Public debt is then expected to be repaid by current and future tax revenues as a matter of fiscal responsibility. This bad analogy neglects the role that the government function plays in the overall economy through space and time. In this context, public debt management relates to the use of borrowing to fulfill general interest missions with an overall redistributive purpose, including assurance for welfare obligations and guarantees, as well as to the monetary base management.
dc.relation.isversionofjnlnameAccounting, Economics and Law
dc.relation.isversionofjnlvol8
dc.relation.isversionofjnlissue3
dc.relation.isversionofjnldate2018
dc.relation.isversionofdoi10.1515/ael-2018-0003
dc.relation.isversionofjnlpublisherDe Gruyter
dc.subject.ddclabelEconomie publiqueen
dc.relation.forthcomingouien
dc.relation.forthcomingprintnonen
dc.description.ssrncandidatenon
dc.description.halcandidateoui
dc.description.readershiprecherche
dc.description.audienceInternational
dc.relation.Isversionofjnlpeerreviewedoui
dc.date.updated2018-12-19T13:31:38Z
hal.identifierhal-01931275*
hal.version1*
hal.update.actionupdateFiles*


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