Les mesures de restructuration de la dette publique mises en œuvre par l’Angleterre lors de la révolution financière Britannique consistaient à en améliorer la liquidité. À cet effet, d’une part l’État a cherché à rétablir sa solvabilité en fondant sa dette sur des recettes...

Tax cuts create simultaneously a lack of tax receipts and more savings ready to be changed into public bonds and compensate this shortage of tax revenue. A part of tax resources is replaced by borrowing and those who are enjoying tax cuts are also receiving interest from government. The...

Achieving fiscal convergence between countries of a monetary union helps in the design and implementation of policies to strengthen macroeconomic convergence, which mitigates the contagion effects of macroeconomic instability and ensures the long-term viability of the proposed union. This paper...

In this paper, we try to investigate the rationale for using the Fiscal Theory of the Price Level (FTPL) as a relevant theoretical framework for analysing French and German monetary experiences in the Interwar period. This approach involves considering the evolution of public debt as the main...

This contribution is highlighted the quite striking paradox between the dominant discourse over the last twenty years or so, calling on the State to reduce its role, and the stability or even inertia of the major macroeconomic aggregates (public spending to GDP, tax burden), the permanent budget...

This paper first recalls the high level of public indebtedness in Quebec. A literature review and a description of the evolution of the problematics, carried out by the means of a retrospective analysis as well as a projection exercise, show (1) the "uncoupling"" of the public finances that...