{"id":6426,"date":"2013-04-18T04:51:30","date_gmt":"2013-04-18T02:51:30","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=6426"},"modified":"2013-05-28T23:01:14","modified_gmt":"2013-05-28T21:01:14","slug":"economist-carmen-reinhart-in-the-hot-seat","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/economist-carmen-reinhart-in-the-hot-seat\/","title":{"rendered":"Economist Carmen Reinhart in the Hot Seat"},"content":{"rendered":"<p>We have featured Reinhart on WTW and think this is academic rivalry targeting one of the most prominent economists. \u00a0In a defence of the paper she developed with Ken Rogoff later into a book, Professors Rogoff and Reinhart admitted on Wednesday that an \u201caccidental\u201d omission of countries from the first five letters of the alphabet from one data series led to the average growth rates of the economies it surveyed being depressed. However, the academics rejected in the \u201cstrongest terms\u201d suggestions they had manipulated data to reach conclusions. \u00a0George Osborne adopted their policies in 2010. \u00a0<a href=\"http:\/\/www.telegraph.co.uk\/finance\/economics\/10001885\/Row-erupts-over-study-into-public-debt-as-economists-turn-on-Rogoff-and-Reinhart.html\" target=\"_blank\">Article<\/a>\u00a0The debate continues. \u00a0Lost in all this sound and fury is the real question that we should be debating: Is it appropriate to infer that high debt is driving slower growth, and hence governments need to take greater care before taking on debt? Or is lower GDP growth, or perhaps some other factor, the reason that debt burdens rise? If the observed correlations reflect the latter reason (and there are hints\u00a0that it may), then the whole exercise has little relevance to public policy. \u00a0<a href=\"http:\/\/www.bloomberg.com\/news\/2013-04-28\/refereeing-the-reinhart-rogoff-debate.html?alcmpid=view\" target=\"_blank\">Article<\/a><a href=\"http:\/\/www.w-t-w.org\/en\/economist-carmen-reinhart-in-the-hot-seat\/fighting\/\" target=\"_blank\" rel=\"attachment wp-att-6427\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-6427\" alt=\"fighting\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/04\/fighting-285x300.png\" width=\"285\" height=\"300\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/04\/fighting-285x300.png 285w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/04\/fighting.png 381w\" sizes=\"auto, (max-width: 285px) 100vw, 285px\" \/><\/a><\/p>\n<p>Paul Krugman joins the fray.\u00a0 <a href=\"http:\/\/www.businessweek.com\/videos\/2013-05-28\/economist-smackdown-rogoff-reinhart-vs-dot-krugman\" target=\"_blank\">Video<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We have featured Reinhart on WTW and think this is academic rivalry targeting one of the most prominent economists. \u00a0In a defence of the paper she developed with Ken Rogoff later into a book, Professors Rogoff and Reinhart admitted on &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/economist-carmen-reinhart-in-the-hot-seat\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-6426","post","type-post","status-publish","format-standard","hentry","category-w-t-w"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"We have featured Reinhart on WTW and think this is academic rivalry targeting one of the most prominent economists. In a defence of the paper she developed with Ken Rogoff later into a book, Professors Rogoff and Reinhart admitted on Wednesday that an \u201caccidental\u201d omission of countries from the first five letters of the alphabet\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Susan_Hall\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.w-t-w.org\/en\/economist-carmen-reinhart-in-the-hot-seat\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"W-T-W.org - Women and Finance\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Economist Carmen Reinhart in the Hot Seat - W-T-W.org\" \/>\n\t\t<meta property=\"og:description\" content=\"We have featured Reinhart on WTW and think this is academic rivalry targeting one of the most prominent economists. In a defence of the paper she developed with Ken Rogoff later into a book, Professors Rogoff and Reinhart admitted on Wednesday that an \u201caccidental\u201d omission of countries from the first five letters of the alphabet\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.w-t-w.org\/en\/economist-carmen-reinhart-in-the-hot-seat\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2013-04-18T02:51:30+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2013-05-28T21:01:14+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Economist Carmen Reinhart in the Hot Seat - W-T-W.org\" \/>\n\t\t<meta name=\"twitter:description\" content=\"We have featured Reinhart on WTW and think this is academic rivalry targeting one of the most prominent economists. 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