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2016
- ISIDORE Id: 10670/1.705de6...
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Public debt Sovereign debt National debts Government debts Debts, Government Public debtsCiter ce document
Patrick Artus et al., « 12. Who Will Bear the Cost of Reducing Public Debt? », Regards croisés sur l'économie, ID : 10670/1.705de6...
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Depending on the methods used, different types of actors can bear the reduction cost of public debt. Choices made by the euro-zone governments will have to take into account the main actors’ groups who will bear the cost of a public debt decrease. A default on a part of the debt appears to be unthinkable because public and private pension systems hold massive amounts of public debts. In order to avoid future generations and low-income households taking on the burden of public debt decrease, monetization has to be favored, either through a sale of assets at their present value, or through an increase of direct tax on households.
