Spreadsheet Error News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ii era. so, here's 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 republican party was based in part upon a screw up on an excel spreadsheet from two of the most wid...

An incredible thing happened last week. honestly, it's one of the most astonishing things in recent economic history, a grad student had an assignment, rerun someone else's 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, it's got a mistake. the average should have contained data from rows 30 to 49, but instead only averaged data from 30 to 44. five missing rows, all because of a typo, apparently. it meant poor belg...

Australia, austria. so, here's 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 republican party was based in part upon a screw up on an excel spreadsheet from two of ...