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Does High Public Debt Consistently Stifle Economic Growth ? A Critique Of Reinhart And Rogoff

Description: In this Cambridge paper, Thomas Herndon, Michael Ash and Robert Pollin, replicate Reinhart and Rogoff study(Debt and growth revisited) and find that selective exclusion of available data, coding e...

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In this Cambridge paper, Thomas Herndon, Michael Ash and Robert Pollin, replicate Reinhart and Rogoff study(Debt and growth revisited) and find that selective exclusion of available data, coding errors and inappropriate weighting of summary statistics lead to serious miscalculations that inaccurately represent the relationship between public debt and GDP growth among 20 advanced economies