Memo to Reinhart and Rogoff: I think it’s best to admit your errors and go on from there
Statistical Modeling, Causal Inference, and Social Science 2013-04-22
Summary:
Jeff Ratto points me to this news article by Dean Baker reporting the work of three economists, Thomas Herndon, Michael Ash, and Robert Pollin, who found errors in a much-cited article by Carmen Reinhart and Kenneth Rogoff analyzing historical statistics of economic growth and public debt. Mike Konczal provides a clear summary; that’s where I [...]