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> Look at all the controversy and major media coverage over the the Reinhart and Rogoff paper, which was undermined by some majors data collection errors that w
by morelisp 5y ago
> Look at all the controversy and major media coverage over the the Reinhart and Rogoff paper, which was undermined by some majors data collection errors that were later pointed out. This was a major deal at the time.
HAP made a ton of noise (in specialist circles) certainly. But was it a "major deal"? Was RR really "undermined"?
I see no major change in policy as a result, and popular wisdom among the intelligent-but-lagging public, seems to still that public debt drags on growth. (RR has been near the front of my mind this week as a CEO I know mentioned it and was totally unaware it had been so completely "undermined" a decade prior.)
- paulpauper 5y agoIt does not need to see a policy change. Refuting a major study and getting a lot of coverage for doing so, is a boost one one's brand/CV.