reinhart and rogoff
This is hardly a major error, of course: Many of us will probably still be writing "2013" on our checks well past Groundhog
Krugman's chart is another such example. In it, you can see that England's debt-to-GDP ratio rose steadily for more than
Show Rosen how Europe's unemployment has soared to a record-high 12.2 percent, with youth unemployment up to a soul-crushing
In a post at Quartz, University of Michigan economics professor Miles Kimball and University of Michigan undergraduate student Yichuan Wang write that they have crunched Reinhart and Rogoff's data and found "not even a shred of evidence" that high debt levels lead to slower economic growth.
In a post at Quartz, University of Michigan economics professor Miles Kimball and University of Michigan undergraduate student
The Nobel Prize-winning economist called the authors "disingenuous" and the paper not "worthy of its authors." Read on: We
The attention span in Washington, D.C. these days is remarkably short, and multi-tasking is something at which Congress seems particularly inept. So right now the focus there is overwhelming on just one thing: scandals, while the real business of the American people goes largely unexamined.
Meow, tell us how you really feel, Ken Rogoff! But seriously, Rogoff is once again pedaling feverishly away from the austerity
Hubbard and Kane try to distance themselves from the cottage industry of doom-mongering that helps keep Glenn Beck in krugerrands
Rather than suggesting that it might be okay to increase crisis-response spending temporarily, they allow only that spending
Despite the errors in their research, Reinhart and Rogoff claim their main point -- that too much debt is bad -- still stands
As a result, the U.S. government has embarked on its biggest austerity campaign since the end of the Vietnam War and its
Reinhart and Rogoff seem to be correct in one basic respect: Economic growth does seem to be lower in very-high-debt countries. But the entire debate over their paper's flaws begs the central question of cause and effect. Is growth lower because of the high debt? Or does cause-and-effect the other way around?
Forget about Reinhart and Rogoff, and whether they're right or wrong about the horrors of too much government debt. The bond
Mankiw's view echoes that of Erskine Bowles, who has been telling everybody who will listen that, despite the flaws of Reinhart
Oh, and I forgot to mention that the media doesn't talk about the massive unemployment crisis at all anymore, anyway. So
Beyond that, Baker notes, there were lots of other reasons to question Reinhart and Rogoff, including the fact that their