onsdag den 23. juli 2014

Facts revisiting Rogoff & Reinhart

Do folks out there remember when a graduate student together with his teachers found serious flaws in the results from the famous neoliberal economists Rogoff and Reinhart about the very negative effect of a public debt over 90% on growth of GDP?

Well, here is the central table summing up all the miscalculations from "Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogoff", by Thomas Herndon, Michael Ash & Robert Pollin, published April 15, 2013 as working paper 322 from Political Economy Research Institute at the University of Massachusetts Amherst.

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