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Anne-Marie Slaughter

The Coming Atlantic Century

PRINCETON – The United States is rising; Europe is stabilizing; and both are moving closer together. That was the principal message earlier …
Robin Niblett

Transatlantic Trade-Offs

LONDON – Almost two decades after the idea was first mooted, the United States and the European Union agreed last week to begin negotiating …
Mahmoud Mohieldin

Getting Cities Right

WASHINGTON, DC – The developing world is experiencing rapid urbanization, with the number of city dwellers set to reach four billion in 2030…
Jaswant Singh

The Road to Asian Unity

NEW DELHI – Asia’s lack of institutions to ameliorate regional tensions is often lamented. But greater Asian unity may be arising by the bac…

Michel Brouwers

Writing commentary on economic and political developments.

Recent comments by Michel Brouwers

Austerity and Debt Realism

Thanks for this interesting article.

I wonder whether the following...

"The average high-debt episodes since 1800 last 23 years and are associated with a growth rate more than one percentage point below the rate typical for periods of lower debt levels."

... must also hold true in the opposite direction, i.e. how much extra growth was created due to leveraging? And what would be the net effect of both over time?