February’s publication summarizes two articles exploring the effects of leverage on GDP growth and one article focusing on the wider implications of how Greece deals with its debt burden.

• “Debt and Deleveraging: The Global Credit Bubble and its Economic Consequences,” by Charles Roxburgh and Susan Lind, McKinsey Global Institute, January 2010.
• “Growth in a Time of Debt,” by Carmen M. Reinhart and Kenneth S. Rogoff, January 2010.
• “Greece: What if?,” by Bank of America Merrill Lynch, January 27, 2010.