Were Reinhart and Rogoff right?

Nicholas Bitar, Avik Chakrabarti () and Hussein Zeaiter

International Review of Economics & Finance, 2018, vol. 58, issue C, 614-620

Abstract: A vast and growing empirical literature aims at identifying the links between economic growth and public debt. The literature is extensive and controversial. Can policy-makers use this body of research to learn anything about the growth-debt nexus? We revisit the Reinhart-Rogoff (RR) hypothesis to examine the sensitivity of any plausible association between growth and debt to systematic alterations in the conditioning information set. Our meta-analyses, spanning the complete RR panel of 44 countries over the period 1946–2009, lead us to conclude with reasonable confidence that Reinhart and Rogoff were right!.

Keywords: Public debt; Economic growth; Austerity; Sensitivity analysis; Panel macro-econometrics (search for similar items in EconPapers)
JEL-codes: E60 E62 E65 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:58:y:2018:i:c:p:614-620

DOI: 10.1016/j.iref.2018.07.003

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