BUSINESS
05/02/2013 08:24 am ET Updated Jul 02, 2013

Reinhart, Rogoff Back Away From Austerity Association

Getty Images

Harvard economists Carmen Reinhart and Kenneth Rogoff have responded once again to the ongoing contentious debate over whether tough austerity measures are helpful or harmful to an economy, this time underlining their message that the debate is more nuanced than some would believe and policy makers have more tools available to them.

Read more on CNBC