Mark Thoma — 'We are Essentially Rewriting Economic History'

When working with macroeconomic data, we don't generally assume that there are large measurement errors in the data when assessing the significance of the results. Maybe we should.

Economist's View
'We are Essentially Rewriting Economic History'
Mark Thoma | Professor of Economics, University of Oregon

The issue is not only the reliability of the data but also whether the data being used capture all relevant information.