The article discusses the debate over the relationship between government debt and economic growth, focusing on a 2010 paper by Carmen Reinhart and Kenneth Rogoff that suggested GDP growth slows significantly when debt exceeds 90% of GDP. A new paper by Thomas Herndon, Michael Ash, and Robert Pollin challenges this finding, citing errors in the original analysis. The article explores the implications of these findings for economic policy and the ongoing debate among economists.
documents/EFTA00607399.pdf
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