High Debt Seen Hurting US, Japan, Europe - Paper - Wall Street Journal

--A paper finds debt starts to weigh on growth when it rises close to an economy's annual output

--That is a predicament currently shared by almost all the world's largest advanced economies

--The paper was presented Friday by three economists at the Bank for International Settlements

(Adds remarks from paper's author about the optimal level of debt in paragraph eight.)

JACKSON HOLE, Wyo. (Dow Jones)--New research suggests the high and rising debt of the U.S., Japan and Europe will stunt economic growth unless countries act quickly to contain it.

A paper presented Friday by three economists at the Bank for ...

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