Economists still believe?
In 2010 he published a famous work Kenetta economists Rogoff and Carmen Reinhart of the fact that public debt levels in excess of 90% of GDP growth slowing sharply and recession occurs.
Since then, this figure is known to all, even politicians were guided by it. However, came a mishap!
The authors of a new publication shows that, after correction methodology, countries with high debt levels, instead of negative growth show a positive.
It turns out that the theoretical basis of austerity policies was a simple error in Microsoft Excel. Simply super!
PS see details in the original.
Related posts
Press service of Rosneft CB shoot
Press-service of Rosneft: CB shoot economy to not suffered Today, only the lazy I have spoken about the increase the central bank base rate. And another...
Opinion crisis in emerging markets
Opinion: The crisis in emerging markets - the third wave of global financial crisis downturn in emerging markets - is not just a the result of the local...
S P 500 goes on his last journey
S P 500 goes on his last journey? US stock index S P 500 rising again. Yet some two weeks ago in the investment community it was a real hysteria caused...
Next posts
- Gold goes lower and lower
- Formula that has changed stock
- Gloomy predictions of Bundesbank
No comments:
Post a Comment