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Monday, April 29, 2013

Debate on growth and debt relationship...

Probably, the most discussed issue in the current macroeconomics field is on the paper “Growth in a Time of Debt” written by Reinhart and Rogoff. With solid evidence, counterattack (Does high public debt consistentlystifle economic growth? A critique of Reinhart and Rogoff) by three young economists (Herndon, Ash and Pollin) from University of Massachusetts, Amherst on the data used for the paper and methodology adopted for that brought a myriad number of macroeconomists to join in the debate as well with strong philosophical backings. Recently, Reinhart and Rogoff were trying to answer back through writing in the newspaper (see below). You may find to read those worthwhile.

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