Salient to Investors:
Carmen Reinhart and Kenneth Rogoff at Harvard acknowledged on April 17 that they had inadvertently left some data out of their calculations in “Growth in a Time of Debt”, but the error did not change their basic findings that countries with public debt in excess of 90 percent of GDP suffered measurably slower economic growth.
A study by Bradford DeLong at University of California and Lawrence Summers concluded that stimulus could generate so much growth that it would pay for itself.
Paul Krugman has continued to be one of the most vocal critics of fiscal cuts.
Read the full article at http://www.bloomberg.com/news/2013-04-26/reinhart-rogoff-dispute-umass-criticism-of-debt-study-findings.html
Click here to receive free and immediate email alerts of the latest forecasts.