Month: April 2013

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More or Less: Behind the Stats - Austerity: a spreadsheet error?

Tim Harford tells the story of the student who uncovered a mistake in a famous economic paper that has been used to make the case for austerity cuts. In 2010, two Harvard economists published an academic study, which showed that when government debt rises above 90% of annual economic output, growth falls significantly. As politicians tried to find answers to the global economic crisis, ?Growth in a Time of Debt? by Carmen Reinhart and Kenneth Rogoff was cited by some of the key figures making the case for tough debt-cutting measures in the US and Europe. But, in the course of a class project, student Thomas Herndon and his professors say they have found problems with the Reinhart-Rogoff findings. What does this mean for austerity economics?

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Start the Week - Bernardo Bertolucci

On Start the Week Tom Sutcliffe looks at the cultural history of Italy. The world renowned film director, Bernardo Bertolucci discusses his latest film Me and You. The journalist and film-maker Annalisa Piras looks back at her country's political, economic and social decline over the last two decades while the English born conductor with Italian roots, Antonio Pappano, talks about the musical soul of Italy. And Tim Parks offers a portrait of his adopted homeland - the 'charmingly irritating dystopian paradise' of Italy - as he travels the country by train.

Producer: Katy Hickman.