The discovery of a spreadsheet error in an influential study by Harvard University economists Carmen Reinhart and Kenneth Rogoff inevitably raises a troubling question: To what extent can we trust what any researcher claims to be true?
By now, you’re probably tired of all the back-and-forth on Reinhart and Rogoff. That would be Harvard University’s Carmen Reinhart and Kenneth Rogoff, the economists who co-authored the 2009 best-seller, “This Time Is Different: Eight Centuries of Financial Folly,” and who are now on the firing line because of minor data errors in a 2010 working paper.
The discovery of an error in an influential research paper by Harvard University economists Carmen Reinhart and Kenneth Rogoff has sparked an academic firestorm. It’s time to sort through the wreckage.
Justin Wolfers, University of Michigan professor of economics and public policy and Bloomberg View columnist, discusses his op-ed "Refereeing the Reinhart-Rogoff Debt Debate" which looks at the "academic firestorm" sparked by the discovery of an error in a research paper by Harvard University economists Carmen Reinhart and Ken Rogoff. Wolfers speaks with Bloomberg's Kathleen Hays and Vonnie Quinn on Bloomberg Radio's "The Hays Advantage."
Harvard University economists Carmen Reinhart and Kenneth Rogoff have defended the technical aspects of a 2010 paper that’s been cited in the U.S. and Europe to bolster arguments to drive down budget deficits, saying their critics have “politicized the issue.”