These statistics indicate that LnHDI reacts to its long-run equilibrium state by a 27.6% adjustment speed within a year, and LnCO2 adjusts with a speed of 7.5% per year towards the long-run equilibrium level in response to the changes in the explanatory variables. Table 6. CS-ARDL Long...
In a country this wealthy it is scandalous that we are condemning an entire generation to poverty in their retirements simply because we can’t muster the political will to make businesses and the ultra-rich pay their fair share of our taxes, or to reduce the unaffordable waste of the worl...
doi=10.1257/cier.W0.2.573 Growth in a Time of Debt By Carmen M. Reinhart and Kenneth S. Rogoff* In this paper, we exploit a new multi-country especially against the backdrop of graying pop historical dataset on public (government) debt to ulations and rising social insurance costs? Are...
we are at risk of the ratio of debt to GDP dropping way back–not to 2005 levels, or 2000 levels, but to 1945 levels, or even lower. A big part of this slide downward might come through debt