Debt Overhangs: Past and Present
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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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美国国家经济研究局创建时间：
2012-04-01
