The Harvard economists Carmen M. Reinhart and Kenneth Rogoff ironically
titled their much-celebrated book on financial instability and economic
growth “This Time Is Different,” asserting that lululemon yoga athletica canada
last crisis was not unique. Rather, they contend it was lululemon yoga canada
most recent manifestation of an age-old tendency for both governments and private investors to delude themselves about lululemon yoga outlet
dangers of debt.
Doubly ironic, then, that Thomas Herndon, a graduate student in my
department, was seeking to replicate an article that Professors Reinhart
and Rogoff published in 2010 for an econometrics class when he
discovered evidence of errors in their cross-national analysis of lululemon outlet online
impact of national debt on economic growth. Efforts to replicate
influential research seldom get much attention, but this time was
different.
It’s worth asking why. It’s also worth asking how lululemon outlet clothes
chance of similar errors might be minimized in lululemon yoga athletica
future.
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