Suchergebnisse
Suchergebnisse:
BB stable debt stands for the Budget Balance in structural terms needed, so that a fictive 60% debt-to-GDP ratio at the beginning is kept stable throughout an infinite (50 year) time horizon – while solely taking the impact of nominal GDP growth into concern.
Over the past two centuries, debt in excess of 90 percent has typically been associated with mean growth. of 1.7 percent versus 3.7 percent when debt is low (under 30 percent of GDP), and compared. with growth rates of over 3 percent for the two. middle categories (debt between 30 and 90 per cent of GDP).
Growth in a Time of Debt. Carmen Reinhart and Kenneth Rogoff. No 15639, NBER Working Papers from National Bureau of Economic Research, Inc. Abstract: We study economic growth and inflation at different levels of government and external debt. Our analysis is based on new data on forty-four countries spanning about two hundred years.
Citation. Reinhart, Carmen M, and Kenneth S Rogoff. 2010. Growth in a time of debt. American Economic Review 100, no 2: 573-578.
In 2013, Reinhart and Rogoff were in the spotlight after researchers discovered that their 2010 paper "Growth in a Time of Debt" in The American Economic Review Papers and Proceedings had methodological and computational errors. The work argued that debt above 90% of GDP was particularly harmful to economic growth, while corrections have shown this is not the case, and that the negative ...
The federal debt at the end of the 2018/19 fiscal year (ended September 30, 2019) was $22.7 trillion (~$27.1 trillion in 2023). The portion that is held by the public was $16.8 trillion. Neither figure includes approximately $2.5 trillion owed to the government. [83] Interest on the debt was $404 billion.
This brings us to the “Growth in a Time of Debt” May 2010 paper. The focus of this paper is on the longer term macroeconomic implications of much higher public and external debt. With the central finding that: …median growth rates for countries with public debt over roughly 90 percent of GDP are about one percent lower than otherwise.
