With the Covid-19 crisis, the level of French national debt has shot up, but can we be sure that such high levels of debt will impede growth? This is a tricky question to answer, because there are many factors at work, such as variations in GDP (the primary consequence of excessive debt), or the quality of the information received by economic players. A study by economists Arnaud Chéron, Kazuo Nishimura, Carine Nourry, Thomas Seegmuller and Alain Venditti examines the complex issue of the relationship between debt and GDP.
April 28th 2021
