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Posted by Wendell (188.143.232.62) on October 01, 2016 at 20:07:22:

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hydroquinone tretinoin mometasone furoate cream in india First, the RR experience should accelerate the evolution of mores with respect to economic research. Rogoff and Reinhart are rightfully regarded as careful, honest scholars. Anyone close to the process of economic research will recognize that data errors like the ones they made are distressingly common.  Indeed the JP Morgan risk models in use when the London Whale trade was placed had errors not unlike those made by RR. In the future, authors and journals and commentators need to devote more effort to replicating significant results before broadcasting them widely. More generally, no important policy conclusion should ever be based solely on a single statistical result.  Policy judgments should be based on the accumulation of evidence from multiple studies done with differing methodological approaches. Even then, there should be a reluctance to accept conclusions from “models” without an intuitive understanding of what is driving them. It is right and understandable that scholars want their findings to inform the policy debate. But they have an obligation to discourage and on occasion contradict those who would oversimplify and exaggerate their conclusions.
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