Coding Errors, Austerity, and Exploding Debt

The discovery of errors in the Reinhart-Rogoff paper on the growth-debt nexus is already impacting policy. A participant in last Friday’s G20 meetings told me that the error was a factor in the decision to omit specific deficit or debt-to-GDP targets in the G20 communique. It’s also a new talking point in the battle over [...] View the full post at: Coding Errors, Austerity, and Exploding Debt Related posts: The Exploding Federal Deficit The Exploding Federal Deficit What Did We Buy With All the Debt We Accumulated?