Even Stephen Colbert is piling on Reinhart-Rogoff

Speaking as someone who watches a lot of late-night comedy shows and reads a lot of econometric studies, those interests rarely align. But apparently Kenneth Rogoff and Carmen Reinhart's Excel bloopers were funny enough for "The Colbert Report" to stand up and take notice.

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What's more, Colbert invited Thomas Herndon, the University of Massachusetts-Amherst economics grad student who first noticed the error, onto the show to explain the situation.

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Of course, we at Wonkblog have been on this for a while. Brad addressed the Excel error here, Neil and I addressed the causality issues here, here and here (all written before Herndon's discovery), Neil addressed what the hubbub means for macroeconomics as a field here, and Mike Konczal looked at other cases of austerity advocates using bad data here.

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Neil Irwin · April 24, 2013