19 April 2013
A paper used to justify austerity economics appears to contain an Excel error.
An economics paper claiming that high levels of national debt led to low or negative economic growth could turn out to be deeply flawed as a result of, among other things, an incorrect formula in an Excel spreadsheet.
[The academic paper that this article is based on is available at:
Does high public debt consistently stifle economic growth? A critique of Reinhart and Rogoff]
Full article: Microsoft Excel: The ruiner of global economies?
