Public Debt and Growth (Panizza & Presbitero)

Public debt and economic growth, one more time by Ugo Panizza and Andrea F. Presbitero published by VOXEU (4/2013). “The very public Rogoff-Reinhart kerfuffle has focused on what is not true. This column reviews the evidence on what is true. It suggests that the debt-growth link is more complex than commonly thought. While there is evidence that public debt is negatively correlated with economic growth, there is no study that makes a strong case for a causal relationship going from debt to growth.”