Reinhart, Rogoff… and Herndon: The student who caught out the profs
This week, economists have been astonished to find that a famous academic paper often used to make the case for austerity cuts contains major errors. Another surprise is that the mistakes, by two eminent Harvard professors, were spotted by a student doing his homework.BBC News. See also the OKNF’s blogpost:
REINHART-ROGOFF REVISITED: WHY WE NEED OPEN DATA IN ECONOMICS
See also this blogpost:
What the Reinhart & Rogoff Debacle Really Shows: Verifying Empirical Results Needs to be Routine
Or this one:
Not a Lot About Excel and Some Links.