HKS Affiliated Authors
James W. Harpel Professor of Capital Formation and Growth
Excerpt
Excerpt
The Flawed Origins of Expansionary Austerity. Jeffrey Frankel, May 20, 2013, Opinion. "Several of my Harvard University colleagues have recently been casualties in the crossfire between fiscal “austerians” and fiscal stimulators. The economists Carmen Reinhart and Kenneth Rogoff have received an astounding amount of press attention since it was discovered that they made a spreadsheet error in a 2010 paper that examined the statistical relationship between debt and growth. They quickly conceded their error. Soon after, the historian Niall Ferguson – also at Harvard – received much flack when, asked to comment on Keynes’..." Link verified March 28, 2014