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Tag Archives: Carmen Reinhart
Reinhart and Rogoff’s coding mistake: Much Ado About Nothing
This week saw a wide circulation of recent working paper by Thomas Herndon, Michael Ash and Robert Pollin, “Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogoff“, Working Paper Series Number 322, Political Economy Research Institute, University of Massachusetts Amherst. The authors challenge the findings in Carmen Reinhart and Kenneth Rogoff’s “Growth in a Time of Debt“, American Economic Review, Papers and Proceedings 100, 573-578. During their efforts to replicate Reinhart and Rogoff’s findings on the relationship between public debt and growth for 20 developed countries post-WWII, Herndon et al. received the original codes from Reinhart and Rogoff. Upon scrutiny, they discovered a coding error … Continue reading
Posted in Economic Sciences, Economics, Economists, Macroeconomics
Tagged Carmen Reinhart, economic growth, Kenneth Rogoff, Michael Ash, Public debt, Robert Pollin, Thomas Herndon
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