Spreadsheet Error News Today

Ii era. so, heres the punch line, if you correct the spreadsheet error and put the intentionally omitted countries back into the data set, the entire statistic falls apart. instead of countries with the dangerous level of 90% debt to gdp having a negative growth rate of .1%, they have a modestly positive growth rate of 2.2%. that is a big freaking difference, the difference between recession and recovery, which means the intellectual cornerstone for the arguments about austerity coming from the ...

An incredible thing happened last week. honestly, its one of the most astonishing things in recent economic history, a grad student had an assignment, rerun someone elses data and see if you can get the same results. he chose the reinhart/rogoff study. the first he sees is the crucial column in their data, the one that averages the growth rates of countries with debt to gdp ratios of 90% is wrong, its got a mistake. the average should have contained data from rows 30 to 49, but instead only aver...

Australia, austria. so, heres the punch line, if you correct the spreadsheet error and put the intentionally omitted countries back into the data set, the entire statistic falls apart. instead of countries with the dangerous level of 90% debt to gdp having a negative growth rate of .1%, they have a modestly positive growth rate of 2.2%. that is a big freaking difference, the difference between recession and recovery, which means the intellectual cornerstone for the arguments about austerity comi...