Growth in a Time of Debt

Growth in a Time of Debt - Harvard University

Public debt does not include debts carrying a government guarantee. Total gross external debt includes the external debts of all branches of government as well ...

NBER WORKING PAPER SERIES GROWTH IN A TIME OF DEBT ...

GROWTH IN A TIME OF DEBT. Carmen M. Reinhart. Kenneth S. Rogoff. Working Paper 15639 http://www.nber.org/papers/w15639. NATIONAL BUREAU OF ECONOMIC RESEARCH.

Growth in a Time of Debt - American Economic Association

Growth in a Time of Debt by Carmen M. Reinhart and Kenneth S. Rogoff. Published in volume 100, issue 2, pages 573-78 of American Economic Review, May 2010.

Growth in a Time of Debt - Wikipedia

The paper argues that when "gross external debt reaches 60 percent of GDP", a country's annual growth declined by two percent.

Growth in a Time of Debt | NBER

Our main findings are: First, the relationship between government debt and real GDP growth is weak for debt/GDP ratios below a threshold of 90 ...

Growth in a Time of Debt - IDEAS/RePEc

Our main findings are: First, the relationship between government debt and real GDP growth is weak for debt/GDP ratios below a threshold of 90 percent of GDP.

Growth in a Time of Debt - American Economic Association

For a complete listing of sources for government debt, see Reinhart and. Rogoff (2009b). Page 3. VOL. 100 NO. 2. 575. GROwth IN A tIME Of DEBt.

The Reinhart and Rogoff Controversy: A Summing Up

ratio of ninety per cent. Once debt rose above that level, they said, the average growth rate was negative 0.1 per cent. Ninety per cent wasn't ...

Innovation-led growth in a time of debt - ScienceDirect.com

As government debt cannot grow forever as a share of income, budget deficits will inevitably be accompanied by a fiscal consolidation at some future date. In an ...

Higher public debt = lower growth? - Social Europe

Few economic studies have had as big an impact on the lives of millions as 'Growth in a time of debt', published in 2010 by Carmen Reinhart and ...

The Impact of Public Debt on Economic Growth | Cato Institute

The study sample includes 20 advanced countries during the postwar period (1954 to 2008). The results reveal that average annual GDP growth gradually declines ...

Reinhart, Rogoff... and Herndon: The student who caught out the profs

At a time of economic crisis, their finding resonates - economic growth slows dramatically when the size of a country's debt rises above 90% of ...

No Magic Threshold - Finance & Development, June 2014

Chart 1 shows the average real (after-inflation) GDP growth rate per capita in the year after the debt-to-GDP ratio rises above a given threshold. Consistent ...

Growth in a Time of Debt | Weatherhead Center for International Affairs

Our main result is that whereas the link between growth and debt seems relatively weak at “normal” debt levels, median growth rates for ...

Does High Public Debt Consistently Stifle Economic Growth? A ...

We also show how the relationship between public debt and GDP growth varies significantly by time period and country. Overall, the evidence we ...

Debt and Growth: A Decade of Studies | Mercatus Center

Their analysis reveals an inverse relationship between initial debt and subsequent growth, controlling for other determinants of growth: on ...

(PDF) Growth in a Time of Debt - ResearchGate

Our main findings are: First, the relationship between government debt and real GDP growth is weak for debt/GDP ratios below a threshold of 90 ...

Understanding the National Debt | U.S. Treasury Fiscal Data

Over the next 45 years, the debt continued to grow until 1835 when it notably shrank due to the sale of federally-owned lands and cuts to the federal budget.

When Does Federal Debt Reach Unsustainable Levels?

At the same time, more tax revenue is needed to implement the closure rule that stabilizes debt relative to GDP. Even when using an efficient ...

Debt and growth: new evidence for the Euro area

2 Cecchetti, Mohanty and Zampolli (2011) use a sample of 18 OECD countries for the period 1980-2010 and obtain a threshold for government debt at 85% of GDP. In ...