Why Debunking The Austerity Paper Won’t Kill Austerity — And What Actually Could

Why Debunking The Austerity Paper Won’t Kill Austerity — And What Actually Could: Yesterday on TP Ideas Zack Beauchamp covered the release of new research showing that a key paper used to justify austerity in a time of economic crisis is so empirically flawed as to be rendered useless as a guide to policy.  That paper, by Carmen Reinhart and Kenneth Rogoff, purported to show that countries that [...]/p