During his keynote presentation at the Morningstar Investment Conference, the PIMCO manager made the case that high debt levels and a need for financial stability mean that central banks should keep real rates close to zero for some time.
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A simple Excel spreadsheet error deals a potentially fatal blow to a highly cited economic paper by Carmen Reinhart and Kenneth Rogoff that has been used to bolster policies favoring a restraint in government spending.
A simple Excel spreadsheet error punches a hole in a highly cited economic paper by Carmen Reinhart and Kenneth Rogoff that has been used to bolster policies favoring restraint in government spending.
Carmen Reinhart and Kenneth Rogoff , in response to a trio of researchers assailing their work, vigorously defended their seminal 2010 study.