Debt and growth : Is there a magic threshold? /

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Bibliographic Details
Author / Creator:	Pescatori, Andrea, author.
Imprint:	Washington, D.C. : International Monetary Fund, Research Department, 2014.
Description:	1 online resource (19 pages).
Language:	English
Series:	IMF working paper ; WP14/34 IMF working paper (Online) ; no. 14/34.
Subject:	Debts, Public -- Econometric models. Economic development -- Econometric models. Debts, Public -- Econometric models. Economic development -- Econometric models. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12502534

Hidden Bibliographic Details
Other authors / contributors:	Sandri, Damiano, author. Simon, John, author. International Monetary Fund. Research Department.
Notes:	Cover title. Title from PDF title page (IMF Web site, viewed March 3, 2014). "February 2014."
Summary:	"Using a novel empirical approach and an extensive dataset developed by the Fiscal Affairs Department of the IMF, the authors find no evidence of any particular debt threshold above which medium-term growth prospects are dramatically compromised. Furthermore, they find the debt trajectory can be as important as the debt level in understanding future growth prospects, since countries with high but declining debt appear to grow equally as fast as countries with lower debt. Notwithstanding this, the authors find some evidence that higher debt is associated with a higher degree of output volatility."--Summary.

Table of Contents:

Cover; Contents; I. Introduction; II. Literature Review and Background; III. Data and Methodology; IV. Empirical Results; Figures; 1. Debt and Growth in the Short Run; 2. Debt and Growth over the Medium Run; 3. Debt Dynamics over the Medium Term; V. Robustness Checks; 4. Debt and Growth Depend on the Debt Trajectory; 5. Relative Growth Performance; VI. Debt and Volatility; 6. Growth Performance from 5 to 15 Years after Crossing Debt Thresholds; VII. Conclusions; 7. GDP Volatility during the 15 Years after Crossing Debt Thresholds; VIII. Data Appendix; References.

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