Reinhart-Rogoff and Excel
2013-04-16 18:59:42.211597+02 by Dan Lyke 0 comments
Ghost in the Machine: For want of a spreadsheet check...:
As Mike Konczal of Rortybomb explains, the Reinhart-Rogoff paper “Growth in a Time of Debt,” which argued that high debt-to-GDP ratios stymie growth and has been one of the key economic foundations for recent deficit hysteria, turns out to be fundamentally flawed.