{"id":1625,"date":"2013-04-18T22:02:12","date_gmt":"2013-04-18T22:02:12","guid":{"rendered":"https:\/\/www.novonon.com\/blog\/?p=1625"},"modified":"2013-04-18T22:02:12","modified_gmt":"2013-04-18T22:02:12","slug":"the-badly-wrong-math-of-austerity","status":"publish","type":"post","link":"https:\/\/www.novonon.com\/blog\/2013\/04\/18\/the-badly-wrong-math-of-austerity\/","title":{"rendered":"The badly wrong math of austerity"},"content":{"rendered":"
\"&#8220;In<\/a><\/div>\n
\n

\u201c<\/span>In 2010, economists Carmen Reinhart and Kenneth Rogoff released a paper, \u201cGrowth in a Time of Debt.\u201d [\u2026]\u00a0This has been one of the most cited stats in the public debate during the Great Recession. [\u2026]<\/span><\/p>\n

\u201cThis error is needed to get the results they published, and it would go a long way to explaining why it has been impossible for others to replicate these results. If this error turns out to be an actual mistake Reinhart-Rogoff made, well, all I can hope is that future historians note that one of the core empirical points providing the intellectual foundation for the global move to austerity in the early 2010s was based on someone accidentally not updating a row formula in Excel.\u201d<\/span><\/p>\n

Researchers Finally Replicated Reinhart-Rogoff, and There Are Serious Problems. | Next New Deal<\/a>, via Dan W.<\/p>\n<\/div>\n

The New Aesthetic \u2014 \u201cIn 2010, economists Carmen Reinhart and Kenneth…<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cIn 2010, economists Carmen Reinhart and Kenneth Rogoff released a paper, \u201cGrowth in a Time of Debt.\u201d [\u2026]\u00a0This has been one of the most cited stats in the public debate during the Great Recession. [\u2026] \u201cThis error is needed to get the results they published, and it would go a long way to explaining why […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-1625","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p3pfIY-qd","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/posts\/1625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/comments?post=1625"}],"version-history":[{"count":0,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/posts\/1625\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/media?parent=1625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/categories?post=1625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/tags?post=1625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}