The fallout from Reinhart and Rogoff's Excel error appears to have officially jumped from the digital to the real (h/t Jim Pethokoukis). Stanford economist John Taylor reports that the G20 appears to be abandoning specific fiscal and monetary goals:
A participant in last Friday’s G20 meetings told me that the error was a factor in the decision to omit specific deficit or debt-to-GDP targets in the G20 communique. The error refers to Reinhart and Rogoff's leaving out data that would have shown high debt-to-GDP levels actually don't produce that great an impact on growth.
Wait, wait….there’s more at : http://www.businessinsider.com/reinhart-and-rogoff-ignored-by-g20-2013-4#ixzz2RD1kjtyA