Abstract
The relationship between the real interest rate and the growth rate of the economy has become central to the debate on two topical macroeconomic issues: Inequality and fiscal policy. We compare the positions of the two French economists protagonists of the debate, Thomas Piketty and Olivier Blanchard, who both start from the comparison between real interest rate and economic growth rate, to respectively analyze the trend of inequality and the sustainability of the debt/GDP ratio over time. We show that the two apparently irreconcilable points of view are actually complementary.
| Translated title of the contribution | Some notes on debt and inequality |
|---|---|
| Original language | Italian |
| Pages (from-to) | 219-228 |
| Number of pages | 10 |
| Journal | Moneta e Credito |
| Volume | 72 |
| Issue number | 287 |
| DOIs | |
| Publication status | Published - 2019 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth -
SDG 10 Reduced Inequalities
Keywords
- cost of debt
- inequality
- public debt
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