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doi:10.1257/aer.100.2.573. 403 Forbidden . April 18, 2013 . p.A6. Rogoff NBER Working Paper No. Politicians, commentators, and activists widely cited the paper in political debates over the effectiveness of austerity in fiscal policy for debt-burdened economies.[1] The paper argues that when "gross external debt reaches 60 percent of GDP", a country's annual growth declined by two percent, and "for levels of external debt in excess of 90 percent" GDP growth was "roughly cut in half."[2] Appearing in the aftermath of the financial crisis of 20072008, it provided support for pro-austerity policies.[3]. Reinhart & Kenneth S.

78): A well-known study completed by economists Ken Rogoff and Carmen Reinhart confirms this common-sense conclusion. The New York Times. 100 (2): 57378. "Why Reinhart and Rogoff Results are Crap". Site directory Follow us Auto-update More information about auto-update Auto-update explained When the auto-update function is enabled, any update released on the homepage will automatically appear without the whole page being reloaded. (2015). "George Osborne's Favourite 'Godfathers of Austerity' Economists Admit to Making Error in Research".

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