How economists perpetuated the great recession

Economic policy in the throes of the GFC should have found a middle ground between stimulus and austerity, but the simplistic doctrines of economists like Reinhart and Rogoff were heeded too readily.

Lowy Interpreter

Economics blogs are all atwitter with discussion of Reinhart and Rogoff's Excel error: it turns out that a 90 per cent debt-to-GDP ratio is not a critical threshold for dramatically slower growth after all.


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