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Reinhart and Rogoff's response here: Matt Yglesias has been covering this somewhat gleefully. But as they point out, they called it an association, not a cause
by crapshoot101 14y ago
Reinhart and Rogoff's response here: Matt Yglesias has been covering this somewhat gleefully. But as they point out, they called it an association, not a cause (correlation, not causation).
http://www.slate.com/blogs/moneybox/2013/04/16/reinhart_and_rogoff_respond_researchers_say_high_debt_is_associated_with.html http://www.slate.com/blogs/moneybox/2013/04/16/reinhart_and_...
- 3am 14y agoThanks for the link to their response. I am going to try to refrain from further comment until I've look at the other papers they reference and beyond the summary of what's alleged. That being said, and paraphrasing Yglesias, that association/causation disclaimer from them is really weak sauce. I don't recall such protestations while the paper was a cause celebre.