BUSINESS
04/26/2013 09:11 am ET Updated Jun 26, 2013

Reinhart And Rogoff Deny Critics, Claim Neutrality

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IN May 2010, we published an academic paper, "Growth in a Time of Debt." Its main finding, drawing on data from 44 countries over 200 years, was that in both rich and developing countries, high levels of government debt -- specifically, gross public debt equaling 90 percent or more of the nation's annual economic output -- was associated with notably lower rates of growth.

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