On the limits of public debt, Part V
December 1, 2021
This is my translation of a Commentary on Current Affairs written by François Ecalle on the French blog Fipeco, devoted to analyses of public finance and the economy in France. Ecalle here discusses the following two questions: if public debt is stable, does that necessarily mean it is sustainable? And what if public expenditure is ever on the increase, how would that impact debt stability and sustainability? This is the fifth part of my translation of Ecalle’s article.