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...
|Series:||OECD working papers. Economic Department working papers ;
no. 1055. |
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