Why Replications & Data Availability matter: The Case of Rogoff and Reinhart
Posted: April 18th, 2013 | Author: Sven | Filed under: found on the net | Tags: Data Sharing, economics, Linking Data and Publications | 1 Comment »
Chart by Reinhart/Rogoff
Yesterday several blogs, journals and news agencies spread the news: The US star economists Kenneth Rogoff and Carmen Reinhart are in trouble, because a paper of them -which had and has a considerable influence on worldwide economic policy- contains at least one serious error.
Their paper “Growth in a Time of Debt” was published in the flagship of economic research – the American Economic Review (AER) with also has a data availability policy that was evaluated in the course of our research project.
Important political assumptions and decisions were based on the research of Rogoff and Reinhart: Olli Rehm, European Commissioner for Economic and Monetary Affairs and the Euro and vice president of the European Commission and also the US-Republican Paul Ryan argued with the findings of Rogoff and Reinhart to justify austerity economics. Read the rest of this entry »
