April showers bring … database errors?
The other day, we wrote about two retractions in the Journal of the American College of Cardiology, and another in the American Heart Journal, stemming from database errors.
Seems to be catching.
The Economist (among other outlets) this week is reporting about a similar nother database glitch — not, we’ll admit, a retraction — involving a landmark 2010 paper by a pair of highly influential economists. The controversial article, “Growth in a Time of Debt,” by Harvard scholars Carmen Reinhart and Kenneth Rogoff, argued that countries that took on debt in excess of 90% of their gross domestic product suffered sharp drops in economic growth. That evidence became grist for the austerity mill, including Paul Ryan.
Turns out, that conclusion was based to some extent on an Excel error. Continue reading Influential Reinhart-Rogoff economics paper suffers spreadsheet error