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What was Rogoff & Reinhart's argument for the 2010 paper Growth in a Time of Debt http://www.nber.org/papers/w15639, Walk me through it. Do Rogoff & Reinhart

  1. What was Rogoff & Reinhart's argument for the 2010 paper "Growth in a Time of Debt" http://www.nber.org/papers/w15639, Walk me through it.
  2. Do Rogoff & Reinhart rely on a "Crowding out" argument for their analysis? Explain.(RWMACRO 38th edition) 6.4 Fiscal Policy and "Crowding Out"Alejandro Reuss
  3. What was the impact of the 2010 paper?
  4. Explain in exquisite detail how Thomas Herndon discovered the error in this paper.
  5. What aspects of this episode would lead one to suspect willful academic fraud on the part of R&R?
  6. When one corrects the "spreadsheet error" what happens to R&R's results?
  7. Has Rogoff & Reinhart ever apologized for their "math error?!" If not, why not?

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