This Time They Are Different

Know about the book -

This Time They Are Different is written by Mr.Markus Eberhardt and published by International Monetary Fund. It's available with International Standard Book Number or ISBN identification 1484309286 (ISBN 10) and 9781484309285 (ISBN 13).

We study the long-run relationship between public debt and growth in a large panel of countries. Our analysis takes particular note of theoretical arguments and data considerations in modeling the debt-growth relationship as heterogeneous across countries. We investigate the issue of nonlinearities (debt thresholds) in both the cross-country and within-country dimensions, employing novel methods and diagnostics from the time-series literature adapted for use in the panel. We find some support for a nonlinear relationship between debt and long-run growth across countries, but no evidence for common debt thresholds within countries over time.