[open-economics] Researchers find serious problems in Reinhart-Rogoff study

Tue Apr 16 20:36:40 UTC 2013

Btw here is their response:

http://www.huffingtonpost.com/mark-gongloff/reinhart-and-rogoff-response_b_3094736.html

On 16 April 2013 21:19, Anders Pedersen <anderspeders at gmail.com> wrote:
> The discussion is taking place across the Econ blogosphere so links
> below are just a few samples.
>
> From the post:
> "They find that three main issues stand out. First, Reinhart and
> Rogoff selectively exclude years of high debt and average growth.
> Second, they use a debatable method to weight the countries. Third,
> there also appears to be a coding error that excludes high-debt and
> average-growth countries. All three bias in favor of their result, and
> without them you don't get their controversial result."
>
> http://www.nextnewdeal.net/rortybomb/researchers-finally-replicated-reinhart-rogoff-and-there-are-serious-problems#.UW147o4A23o.twitter
>
> See also:
> http://www.slate.com/blogs/moneybox/2013/04/16/reinhart_rogoff_coding_error_austerity_policies_founded_on_bad_coding.html
>
> http://www.guardian.co.uk/commentisfree/2013/apr/16/unemployment-reinhart-rogoff-arithmetic-cause
>
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