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Faculty of Economics

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Chudik, A., Mohaddes, K., Pesaran, M. H. and Raissi, M.

Rising Public Debt to GDP Can Harm Economic Growth

Economic Letter, Federal Reserve Bank of Dallas

Abstract: The debt–growth relationship is complex, varying across countries and affected by global factors. While there is no simple universal threshold above which debt to GDP significantly depresses growth, high and rising public debt burdens slow growth in the long term, data from the past four decades indicate.

Author links: Kamiar Mohaddes  M. Hashem Pesaran  

Publisher's Link: https://www.dallasfed.org/~/media/documents/research/eclett/2018/el1803.pdf


Papers and Publications



Recent Publications


Jochmans, K., and Weidner, M. Fixed-Effect Regressions on Network Data Econometrica, forthcoming [2019]

Carvalho, V. M. and Grassi, B. Large Firm Dynamics and the Business Cycle American Economic Review [2019]

Elliott, M. and Golub, B. A network approach to public goods accepted, Journal of Political Economy [2018]