banquedefranceBanque de France145906856250571162911/12/2021 - 09:00Issuing GDP-linked bonds does not necessarily imply more beneficial #debt-to-GDP ratios in the medium to long run. The debt-stabilizing #budget surplus is more predictable under such issuances at the expense of being higher on average. #BdFeco WP 👇 https://t.co/CCYBnEdFtL