About the Books
What People are Saying…
Rogoff and Reinhart
Some people have contacted me about my assertion that high debt to GDP ratios can become a drag on growth. I realize the controversy around Rogoff and Reinhart and did not reference their numbers. Here is another paper outlining the concern.
“The impact of high government debt on economic growth and its channels: An empirical investigation for the euro area.”
If you happen to have Dinner Party Economics see page 181 for a more fulsome discussion.
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