The 90% Public Debt Threshold: The Rise and Fall of a Stylised Fact

Organisation for Economic Co-operation and Development2026-04-11 收录

公共债务阈值分析

经济增长与债务关系

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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...

The 90% Public Debt Threshold: The Rise and Fall of a Stylised Fact

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