Public Debt Overhangs: Advanced-Economy Episodes since 1800

By M. Moersch. 2013

581 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/6388ed85034d696df2ad672e076a83ea08ca556c

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Citations in the corpus

Does Infrastructure Investment Lead to Economic Growth or Economic Fragility? Evidence from China (2016, unknown): “…from deleveraging; and lack of capital to finance productive investments (Meade, 1958; Checherita and Rother, 2010; Rogoff and Reinhart, 2010; Reinhart et al. , 2012; Bowdler and Esteves, 2013): several of these negative consequences are already materializing in China (Financial Times, 2016;…”
Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten (2013, background): “Reinhart, Reinhart, and Rogoff (2012) consider 26 episodes in which advanced country debt exceeded 90 percent of GDP, encompassing most or all of the episodes since World War II.”
Public debt and growth: Heterogeneity and non-linearity (2015, methodology): “Third, vulnerability to public debt depends not only on debt levels, but also on debt composition – domestic versus external, foreign or domestic currency denominated, long-term versus short term public debt (Reinhart et al., 2012; Dell'Erba et al., 2013) –which differs significantly across countrie”
The implications of a graying Japan for government policy (2015, background): “One way to get a handle on the size of the long-run revenue gap is to assume that the government bridges any future funding gaps by levying a uniform lump-sum tax on all individuals of real-time age 21 or greater (model age 1 or greater).(18) The bottom curve in Figure 3 shows lump-sum tax revenue (”
Financial Repression in the European Sovereign Debt Crisis (2017, unknown): “It is also helpful for aggregate welfare assessments of our finding, given the result from a number of approaches summarized in Reinhart, Reinhart, and Rogoff (2012), which show that very high levels of public debt may have a negative effect on economic growth.”
Financial Globalisation and the Crisis (2012, unknown): “Over time, the scale of national and sectoral debt burdens in Europe makes it likely that external balance sheet adjustment will partly take place through further debt write downs (see also Reinhart et al. 2012).”
Global Waves of Debt: Causes and Consequences (2021, background): “…have examined the impact of mounting government debt in advanced economies (BIS 2015; Cecchetti, Mohanty, and Zampolli 2011; Erhardt and Presbitero 2015; Eichengreen et al. 2019; Mbaye, Moreno-Badia, and Chae 2018a; OECD 2017; Panizza and Presbitero 2014; Reinhart, Reinhart, and Rogoff 2012).”
Sovereigns Versus Banks: Credit, Crises, and Consequences (2014, unknown): “Summing up, we find rather strong evidence that high levels of public debt matter for the path of economies out of recessions, confirming the results of Reinhart et al. (2012).”