Sydney C. Ludvigson

Data and Appendixes
 

Erratum:
The elasticities reported in Table 2 of "The Macroeconomic Effects of Government Debt in a Stochastic Growth Model" are elasticities with respect to log government debt at time t+1, rather than elasticities with repsect to the innovation to log debt, as stated in the text. Thus, Table 2 traces out the effects of a persistent increase in debt (the innovation plus all the subsequent changes in debt) rather than the effects of just the one-time innovation.