This may have been a genuine error, but the two researchers definitely started the process with a goal in mind...
What would that goal be? According to Megan Mcardle, Rogoff was a mild proponent of stimulus. For example, he said this in 2012:
"Back in 2008-9, there was a reasonable chance, maybe 20% that we’d end up in another Great Depression. Spending a trillion dollars is nothing to knock that off the table."
What would that goal be? According to Megan Mcardle, Rogoff was a mild proponent of stimulus. For example, he said this in 2012:
"Back in 2008-9, there was a reasonable chance, maybe 20% that we’d end up in another Great Depression. Spending a trillion dollars is nothing to knock that off the table."
http://www.thedailybeast.com/articles/2013/04/17/did-reinhar...