Reinhart, Carmen M.; Reinhart, Vincent R.; Rogoff, … - In: Journal of Economic Perspectives 26 (2012) 3, pp. 69-86
public debt to GDP levels exceeding 90 percent for at least five years. Consistent with Reinhart and Rogoff (2010) and most …We identify the major public debt overhang episodes in the advanced economies since the early 1800s, characterized by … of the more recent research, we find that public debt overhang episodes are associated with lower growth than during …