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Non-Technical Summaries

  • Debt levels above 90 percent are associated with growth that is 1.2 percent lower than in other periods. Public indebtedness in...

Published Versions

"Public Debt Overhangs: Advanced-Economy Episodes since 1800" (with Carmen M. Reinhart and Vincent R. Reinhart), Journal of Economic Perspectives, Vol. 26, No. 3, Summer 2012, 69-86. An earlier version was published as "Debt Overhangs: Past and Present," NBER Working Paper No. 18015, April 2012. citation courtesy of

Mentioned in the News

Source: Bloomberg
Read the research here. Or a non-technical summary here.
Read the research here. Or a non-technical summary here.

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