ment Strategy Group, Datastream, Global Financial Data. * We define “severe” recessions according to those identified by Carmen Reinhart and Kenneth Rogoff in “Recovery from Financial Crises: Evidence from 100 Episodes” (2014), as well as the 1937 recession (a continuation of the 1929 recession) and the

dy drawn on two centuries of public-debt data for their seminal 2009 financial history, "This Time is Different". In their paper Ms Reinhart and Mr Rogoff sorted the figures into four categories of indebtedness and took average growth rates for each. They found that public debt has little effect on gro

nkle 7. SPIEGEL 'Germany Has Been the Winner in the Globalization Process' Interview with US Economist Kenneth Rogoff 02/20/2012 -- SPIEGEL: Mr. Rogoff, the eurozone finance ministers are likely to soon provide Greece with new loans totalling €130 billion ($171 billion), with the aim of stabilizing

tment booms and financial crises initiated by capital investment typically from London or New York; a process documented beautifully by Reinhart and Rogoff in 'This Time is Different' [Reinhart & Rogoff 2009]. One aside with regard to the use of the word capital, which in international economics is use

cent of GDP. Above 90 percent, median growth rates fall by one percent, and average growth falls considerably more. We note that while Reinhart and Rogoff’s observations are based on ‘gross debt’ data, in the U.S., debt held by the public is closer to the European KP countries’ definition of government

ercent of GDP. Above 90 percent, median growth rates fall by one percent, and average growth falls considerably more. We note that while Reinhart and Rogoff’s observations are based on ‘gross debt’ data, in the U.S., debt held by the public is closer to the European countries’ definition of government gro

cent of GDP. Above 90 percent, median growth rates fall by one percent, and average growth falls considerably more. . We note that while Reinhart and Rogoff's observations are based on ‘gross debt’ data, in the U.S., debt held by the public is closer to the European countries’ definition of government gr