The 90% Public Debt Threshold: The Rise and Fall of a Stylised Fact
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper puts the original Reinhart-Rogoff dataset, made public by Herndon et al. (2013), to a formal
econometric test to pin down debt thresholds endogenously. We show that the nonlinear relation from debt to growth
is not very robust. Taken with a pinch of salt, our results suggest, however, that a negative association between debt
and growth...
