Growth in a Time of Debt 英文教材.pdf

American Economic Association Growth in a Time of Debt Authors(s): Carmen M. Reinhart and Kenneth S. Rogoff Source: The American Economic Review, Vol. 100, No. 2, PAPERS AND PROCEEDINGS OF THE One Hundred Twenty Second Annual Meeting OF THE AMERICAN ECONOMIC ASSOCIATION (May 2010), pp. 573-578 Published by: American Economic Association Stable URL: /stable Accessed: 27-03-2016 03:14 UTC Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at /terms JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@. American Economic Association is collaborating with JSTOR to digitize, preserve and extend access to The American Economic Review This content downloaded from 0 on Sun, 27 Mar 2016 03:14:31 UTC All use subject to /terms American Economic Review: Papers & Proceedings 100 (May 2010): 573-578 lutp:///articles.php?doi=10.1257/cier.W0.2.573 Growth in a Time of Debt By Carmen M. Reinhart and Kenneth S. Rogoff* In this paper, we exploit a new multi-country especially against the backdrop of graying pop historical dataset on public (government) debt to ulations and rising social insurance costs? Are search for a systemic relationship between high sharply elevated public debts ultimately a man public debt levels, growth and inflation.1 Our ageable policy challenge? main result is that whereas the link between