Public Debt and Economic Growth, One More Time

by Ugo Panizza and Andrea F Presbitero This post was originally published by Voxeu.org The very public Rogoff-Reinhart kerfuffle has focused on what is not true. This column reviews the evidence on what is true. It suggests that the debt-growth link is more complex than commonly thought. While there is evidence that public debt is …

The Unexplained Part of Public Debt

by Guest Authors Camila FS Campos, Dany Jaimovich and Ugo Panizza, Voxeu How do countries get into debt? And how does this debt rise so fast? The short answer may be obvious, but this column shows that the longer answer certainly isn’t. The answer to the question “How do countries get into debt?” seems trivial. …