Researchers Finally Replicated Reinhart-Rogoff, and There Are Serious Problems. | Next New Deal

See on Scoop.itDidYouCheckFirst

Greg Russak‘s insight:

“They Pollin of the University of Massachusetts, Amherst> 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.”

See on www.nextnewdeal.net

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