How to go from being an unknown graduate student in Economics to landing the front page of the New York Times in one week? And no, you don’t even have to win a Nobel Prize in Economics at 24. All you have to do is replicate a paper. Yes, you did read it right- just replicate a paper. All of a sudden your usual problem set assignment for Econometrics could result in Paul Krugman dedicating his NYT column to you. However…on your way to stardom you might need a bit of luck. And it might be helpful to choose to replicate a certain, how to say it nicely, erroneous paper of Harvard professors Rogoff and Reinhart at a time when fiscal austerity is quite a hot topic. This is the story of Thomas Herndon.
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Economic analysis and reflections from students and alumni of the Barcelona School of Economics
