An economist’s mea culpa: I relied on Reinhart and Rogoff

High marks go out to economist Miles Kimball today. In the linked article above he holds himself publicly accountable for using Reinhart and Rogoff’s findings, and pledges to try to avoid such missteps going forward. Kimball’s humility is a breath of fresh air for a staid field, as Economists tend to stand by disproven theories, as if to do otherwise would remove all credibility. It should be just the opposite. Let’s hope that Kimball’s admission clears the air for others.