19.4 Υπερχρέωση και η Υπόθεση του Υπερκύκλου Χρέους

Βιβλιογραφία

Barro R.J. (1974) Are Government Bonds Net Wealth? Journal of Political Economy, Vol. 82, 1095-1117.

Herndon T., Ash M., Pollin R. (2013) Does high public debt consistently stifle economic growth? A critique of Reinhart and Rogoff, University of Massachusetts Amherst, Political Economy Research Institute Working Paper No. 322.

Irons J., Bivens J. (2010) Government Debt and Economic Growth: Overreaching Claims of Debt “Threshold” Suffer from Theoretical and Empirical Flaws, Economic Policy Institute, Briefing Paper, 271, July 26.

Krugman P. (2011) A Note on The Ricardian Equivalence Argument Against Stimulus (Slightly Wonkish), The New York Times, December 26.

Krugman P. (2013) How the Case for Austerity Has Crumbled, The New York Review of Books, June 6.

Kumar M., Woo J. (2010) Public Debt and Growth, IMF Working Paper 10/174.

Lowrey A. (2013) A study that set the tone for austerity is challenged, Economix, April 16, Available at: http://economix.blogs.nytimes.com/2013/04/16/flaws-are-cited-in-a-landmark-study-on-debt-and-growth/.

Mc Kinnon R.I. (1973) Money and Capital in Economic Development, Washington DC: Brookings Institute.

Reinhart C.M., Rogoff K.S. (2010a) Growth in a Time of Debt, American Economic Review, May, (Revised from NBER working paper 15639).

Reinhart C.M., Rogoff K.S. (2010b) From Financial Crash to Debt Crisis, NBER Working Paper 15795, March, Forthcoming in American Economic Review.

Reinhart C.M., Sbrancia M.B. (2011) The Liquidation of Government Debt, NBER Working Paper No. 16893.

Rogoff K. (2015) Debt supercycle, not secular stagnation, voxEu.org, 22 April, Available at: http://voxeu.org/article/debt-supercycle-not-secular-stagnation.

Shaw E.S. (1973) Financial Deepening in Economic Development, New York: Oxford University Press.

 

Further Reading List

Abbas S., Ali A., Bernardin J., Andritzky H., Berger T., Komatsuzaki T., Tyson J. (2013) Dealing with High Debt in an Era of Low Growth, IMF.

Aguiar M., Amador M. (2013) Sovereign Debt- Vol. 4, Handbook of International Economics.

Ahearne A., Wolff G.B. (2012) The Debt Challenge in Europe, February, Bruegel.

Baum A., Checherita-Westphal C., Rother P. (2012) Debt and Growth New Evidence for the Euro Area,  Working Paper Series No 1450, ECB.

Baum C. (2013) Reinhart-Rogoff Uproar Settles Nothing, The New York Times.

Belhocine N., Dell’Erba S. (2013) The Impact of Debt Sustainability and the Level of Debt on Emerging Markets Spreads WP/13/93, IMF.

Bloch D., Fall F. (2015) Government debt indicators Understating the Data, OECD Economics Department Working Papers No. 1228, OECD.

Boskin M. (2013) The Debt-Growth Controversy, Project Syndicate.

Brunel C. (2013) Debt Overhangs: Past and Present, NBER.

Buchheit L.C., di Mauro W., di Mauro B., Gelpern A., Gulati M., Panizza U., Zettelmeyer J. (2013) Revisiting sovereign bankruptcy, VOX.

Bunker N. (2014) The dangers of debt, Washington Center for Equitable Growth.

Bulow J., Kenneth R. (1991) Sovereign Debt Repurchases: No cure for overhang.

Bulow J., Rogoff K., Zhu N.S (1994) Estimating the Efficiency Gains of Debt Restructuring, Policy Research Working Paper 1317, The Word Bank.

Cassidy J. (2013) The Reinhart and Rogoff Controversy: A Summing Up, The New Yorker.

Catão L.A.V., Mano R.C. (2015) Default Premium, WP/15/167, IMF.

Cecchetti G.S., Mohanty M.S., Zampolli F. (2010) The future of public debt: prospects and implications, BIS.

Crafts N. (2013) The legacy of government debt in Europe bodes ill for growth, Credit Writedowns.

Dube A. (2013) Guest Post: Reinhart/Rogoff and Growth in a Time Before Debt New Deal, The Roosevelt Institute.

Eberhardt M., Presbitero A.F. (2015) Public debt and growth: Heterogeneity and nonlinearity, Journal of International Economics, Volume 97, Issue 1, Pages 45–58.

Frankel J. (2011) How Europe Should Treat Sovereign Debt in the Future, Jeff Frankels Weblog.

Fournier J.-M., Fall F. (2015) Limits to government debt sustainability, OECD Economics Department Working Papers No. 1229, OECD.

Furceri D., Zdzienicka A. (2011) How costly are debt crises? Munich Personal RePEc Archive (MPRA).

Gagnon E.J. (2011) The Global Outlook for Government Debt over the Next 25 Years: Implications for the Economy and Public Policy.

Goldman Sachs (2013) Economics Analyst, Economics Research: The Debt Limit: How, When, and What If, Economic Research Issue N. 13/40, Economic Research.

Global Macro Monitor (2011) The Consequences of Euro Debt Monetization.

Greenlaw D., Hamilton J.D., Hooper P., Mishkin F.S. (2012) Crunch Time: Fiscal Crises and the Role of Monetary Policy.

Harrison E. (2012) Chart of the Day: Developed economies’ debt levels by sector, Credit Writedowns.

Konczal M. (2013) Researchers Finally Replicated Reinhart- Rogoff, and There Are Serious Problems Next New Deal, The Roosevelt Institute.

Krugman P. (2013) The conscience of a liberal: Reinhart-Rogoff, Continued, The New York Times.

IMF (2012) Chapter 3: The Good, the Bad, and the Ugly: 100 Years of Dealing with Public Debt Overhangs, World Economic Outlook.

Mian A., Sufi A., Trebbi F. (2014) Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crises, American Economic Journal: Macroeconomics, vol. 6, no. 2, (pp. 1-28).

Reinhart C.M., Reinhart V.R., Rogoff K.S. (2012) Public Debt Overhangs: Advanced- Economy Episodes Since 1800, Journal of Economic Perspectives.

Reinhart C.M., Rogoff K.S. (2009) The Aftermath of Financial Crises, Working Paper 14656, NBER.

Reinhart C.M., Rogoff K.S. (2011) A Decade of Debt, Discussion Paper, Centre for Economic Policy Research.

Ritholtz B. (2011) Debt ceiling: 10 lessons beyond that crisis, The Washington Post.

Turner D., Spinelli F. (2013) The Effect of Government Debt, External Debt and Their Interaction on OECD Interest Rates, Economics Department Working Papers No. 1103, OECD.

Ziemann V. (2012) Debt and Macroeconomic Stability: Debt and the Business Cycle, OECD Economics Department Working Papers No. 1005, OECD.

Wyplosz C. (2011) Public debt in the Eurozone, Japan, and the US, Vox.