Carmen Reinhart and Kenneth Rogoff (R&R), the Harvard economists whose research on the linkage between economic growth rates and high levels of public debt has helped inform the debate on the eurozone debt crisis and whose now famous (and largely inconsequential) spreadsheet error became an unlikely water cooler talking point, are now engaged in a full-on war of words with Paul Krugman. Essentially, Krugman claims R&R overstate the importance of the 90% debt-to-GDP threshold. R&R now accuse Krugman of using "wild hyperbole" to describe the influence of their work and call his recent behavior "spectacularly uncivil." Stay tuned.
Carmen Reinhart and Kenneth Rogoff (R&R), the Harvard economists whose research on the...
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