Egert, Balazs - CESifo - 2013
This paper puts the original Reinhart-Rogoff dataset, made public by Herndon et al. (2013), to a formal econometric … captured in our estimations. Overall, our results can be seen as a formal econometric confirmation that the 90% public debt … threshold is not in the Reinhart-Rogoff data. But our results also seem to suggest that public debt might have a negative effect …