Debunking the Debt Cliff

For years, deficit hawks pointed to the research of Harvard economists Carmen Reinhart and Ken Rogoff as proof that a 90 percent debt-to-GDP ratio spelled doom for a country's economy. Then along came a graduate student at the University of Massachusetts Amherst who proved that they had their facts -- and their math -- wrong. In a series of posts, Roosevelt Institute Fellow Mike Konczal and guest-bloggers from UMass Amherst explore the newly revealed flaws in Reinhart-Rogoff and what it means for the future of the austerity debate.

Mike Konczal, Researchers Finally Replicated Reinhart-Rogoff, and There Are Serious Problems

Arindrajit Dube, Reinhart/Rogoff and Growth in a Time Before Debt

Deepankar Basu, The Time Series of High Debt and Growth in Italy, Japan, and the United States

Mike Konczal, Reinhart-Rogoff a Week Later: Why Does This Matter?


Fiscal cliff image via