Tag Archives: Reinhart and Rogoff

Replication scandal: We might not need austerity measures after all

Screen Shot 2013-04-17 at 8.08.34 AMEconomists Carmen Reinhart and Kenneth Rogoff claim in “Growth in a Time of Debt” that countries with debt-to-GDP ratios above 90 percent have a slightly negative average growth rate. Their paper is one of the most cited by governments to justify austerity measures – and it might be wrong, as a replication paper shows.
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