A Decade of Debt

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Abstract:

The EconLit abstract of the reviewed work begins: Explores the recent simultaneous peacetime buildup of large public debt positions in most of the world's advanced highincome countries and considers policy strategies that countries can undertake to prevent negative debt outcomes. Discusses a decade of debt and presents a chartbook of country histories of debt, default, and financial crises. Reinhart is Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics. Rogoff is a member of the Peterson Institute for International Economics Advisory Committee and Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University. Index.

Document Type: Book Review

DOI: http://dx.doi.org/10.1257/jel.50.2.513.r8

Publication date: June 1, 2012

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