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Debt Overhangs: Past and Present

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NBER2012-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18015
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We identify the major public debt overhang episodes in the advanced economies since the early 1800s, characterized by public debt to GDP levels exceeding 90% for at least five years. Consistent with Reinhart and Rogoff (2010) and other more recent research, we find that public debt overhang episodes
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2012-04-01
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