reinhart rogoff mistakes
Having a public spat with your colleagues and former classmates over the best way to fix the global economy can be “very
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.
The Harvard economists have argued that mistakes and omissions in their influential research on debt and economic growth
Others believe that even after re-analysis the data support the view that deficit and debt burden reduction is important
"The argument that high ratios of government debt-to-GDP cause low growth remains plagued by misconceptions, at least for
Mankiw's view echoes that of Erskine Bowles, who has been telling everybody who will listen that, despite the flaws of Reinhart
Last week a graduate student named Thomas Herndon, along with a couple of his professors, published a paper pointing out