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Status: Unchecked ×Keyword: debt-to-GDP ratio ×Clear all

3 claims from 1 paper

1. Economics, Econometrics and Finance › Fiscal Policies and Political Economy

   Public Debt Overhangs: Advanced-Economy Episodes Since 1800

   Reinhart, Reinhart and Rogoff · The Journal of Economic Perspectives · 2012

   Unchecked3 claims
   Show 3 claims

   1. Unchecked“Consistent with Reinhart and Rogoff (2010) and most of the more recent research, we find that public debt overhang episodes are associated with lower growth than during other periods.”
   2. Unchecked“Among the 26 episodes we identify, 20 lasted more than a decade.”
   3. Unchecked“These growth-reducing effects of high public debt are apparently not transmitted exclusively through high real interest rates, as in eleven of the episodes, interest rates are not materially higher.”