Reinhart, Rogoff, and How the Macroeconomic Sausage Is Made
Harvard Business Review
APRIL 17, 2013
The initial Reinhart-Rogoff research seemed to indicate a sharp dropoff in average growth after debt passed 90% of GDP. Higher than that, and the bond market vigilantes would punish the U.S. public debt is up to 76% of GDP , yet the bond market vigilantes all seem to have retired or moved to Europe.
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