The 90% Public Debt Threshold The Rise and Fall of a Stylised Fact
This paper puts the original Reinhart-Rogoff dataset, made public by Herndon et al. (2013), to a formal econometric test to pin down debt thresholds endogenously. We show that the nonlinear relation from debt to growth is not very robust. Taken with a pinch of salt, our results suggest, however, tha...
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| Format: | eBook Section |
| Language: | Inglés |
| Published: |
Paris :
OECD Publishing
2013.
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| Series: | OECD Economics Department Working Papers,
no.1055. |
| Subjects: | |
| See on Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009704997606719 |
