Age, Biography and Wiki
Thomas Herndon was born on 1985, is an An american skeptics. Discover Thomas Herndon's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 39 years old?
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He is a member of famous with the age 39 years old group.
Thomas Herndon Height, Weight & Measurements
At 39 years old, Thomas Herndon height not available right now. We will update Thomas Herndon's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Thomas Herndon Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Thomas Herndon worth at the age of 39 years old? Thomas Herndon’s income source is mostly from being a successful . He is from . We have estimated Thomas Herndon's net worth, money, salary, income, and assets.
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$1 Million - $5 Million |
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Under Review |
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Pending |
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Under Review |
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Thomas Herndon Social Network
Timeline
Thomas Herndon (born 1985) is an assistant professor of economics at Loyola Marymount University in Los Angeles, who became known for critiquing "Growth in a Time of Debt", a widely cited academic paper by Carmen Reinhart and Kenneth Rogoff supporting the austerity policies implemented by governments in Europe and North America in the early 21st century.
His research concluded that these measures may not have been necessary.
Herndon proved that the paper contained multiple errors, provoking widespread international interest.
The Reinhart–Rogoff paper was frequently cited during the 2012 U.S. presidential election campaign.
It was also frequently cited among policymakers in congress, including in the drafting of the Bowles-Simpson report.
However, there are differing views on the actual impact the original paper may have had on policy making.
The findings have been described as "shocking" and as having rocked the economics world.
Publications such as The Washington Post had for several years taken the conclusions of the Reinhart–Rogoff paper as an "economic consensus view."
New York magazine wrote that Herndon "just used part of his spring semester to shake the intellectual foundation of the global austerity movement."
During his graduate studies in a class with Professor Michael Ash, Herndon was assigned to pick an economics paper and try to replicate the results.
He chose "Growth in a Time of Debt", and throughout the semester his attempts to replicate the results proved unsuccessful.
After further consultation with his professors Michael Ash and Robert Pollin, Herndon was encouraged to contact the authors Reinhart and Rogoff at Harvard.
They provided him with the actual working spreadsheet they had used to obtain their results.
Herndon looked into the detail of the original spreadsheet and found several issues:
The basic conclusion that countries with indebtedness rates above 90% of GDP have lower growth rates still held, but the most spectacular results disappeared, the relationship was much gentler and there were numerous exceptions to the rule.
These results were published on 15 April 2013 as a draft working paper, and in 2014 in the peer-reviewed Cambridge Journal of Economics.
