HKS Affiliated Authors

Additional Authors:

  • Kenneth Rogoff

Excerpt

Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten. Carmen Reinhart, Kenneth Rogoff, December 24, 2013, Paper. "Even after one of the most severe multi-year crises on record in the advanced economies, the received wisdom in policy circles clings to the notion that high-income countries are completely different from their emerging market counterparts. The current phase of the official policy approach is predicated on the assumption that debt sustainability can be achieved through a mix of austerity, forbearance and growth..." Link verified June 19, 2014