Excerpt
Excerpt
On Whose Research is the Case for Austerity Mistakenly Based?. Jeffrey Frankel, May 20, 2013, Opinion. "Several of my colleagues on the Harvard Faculty have recently been casualties in the cross-fire between fiscal austerians and stimulators. Economists Carmen Reinhart and Ken Rogoff have received an unbelievable amount of press attention (although they were already famous – or, more precisely, because they were already famous), ever since they were discovered by three researchers at the University of Massachusetts Amherst to have made a spreadsheet error in the first of two papers that examined the statistical relationship between debt and growth. They quickly conceded their error..." Link verified April 4, 2014