Public Debt, Climate Change, and Future Generations
I look forward to the day my grandchildren ask me “Why didn’t you invest when interest rates were negative? It could have limited global warming as we burn today. ”…
Philippe Waechter's blog
Public debt and interest rate
Bottom line: the cost of public debt may be substantially smaller than current consensus. Therefore austerity policy is never the answer as it is too costly Olivier Blanchard presidential address…
The agreement between the European commission and the Italian government is a bluff
Despite the agreement between the Italian government and the European Commission, the question of the Italian public debt sustainability is not solved. The marginal move from the government (reducing its…
Three points on Italy, its budget and the European Commission
The European Commission has just told Italy to revise its 2019 budget plan: the deficit does not look excessive (2.4%), but the figure is deemed to be fragile as growth…
French public debt stands at 100% of GDP – My Tuesday column
This post is available in pdf format My Tuesday Column – 1 October 2018 French public debt stands at close to 100% of GDP, but is this really a cause for…
On the usefulness of Public Debt for Growth
Public debt is always the source of deep and intense discussions. It’s often the case in France but it’s currently also the case in the USA with republicans’ candidates. Usually,…