Kenneth Rogoff is the Thomas D. Cabot professor of public policy and professor of economics at Harvard University. From 2001 to 2003, he served as chief economist at the International Monetary Fund. His widely-cited 2009 book with Carmen Reinhart, “This Time Is Different: Eight Centuries of Financial Folly,” shows the remarkable quantitative similarities across time and countries in the run-up and aftermath of severe financial crises. Known for his seminal work on exchange rates and central bank independence, Rogoff is also the author of the 2016 book “The Curse of Cash.”
More About Kenneth Rogoff
"A decade after the collapse of Lehman Brothers and the start of the global financial crisis, it is clear that many lessons have been learned, while many economic misconceptions remain embedded in the public consciousness. If economic history teaches us anything, it is to be mindful of our own limitations in a world of infinite uncertainties."
Kenneth Rogoff presents at the Nobel Symposium on Money and Banking, May 26 - 28, 2018 in Stockholm about Indebtedness of governments, firms, and households.
Harvard Professor Kenneth Rogoff discusses the risks posed by emerging markets and warns that the next global crisis may potentially come from China. He speaks on "Bloomberg Surveillance."
Kenneth Rogoff argues, "[o]f course, there are still issues with the Eurozone. But the only country which is sort of in a different place in the cycle and which is important is China. China is probably the place most at risk of having a significant downturn in the near term. It’s certainly the leading candidate for being at the center of the next big financial crisis."
"Most economic forecasts suggest that a recession in China will hurt everyone, but that the pain would be more regionally confined than would be the case for a deep recession in the United States. Unfortunately, that may be wishful thinking."
"Economists who assure us that advanced-economy debt is completely “safe” sound eerily like those who touted the “Great Moderation” – the supposedly permanent reduction in cyclical volatility – a generation ago. In many cases, they are the same people."
Kennth Rogoff argues, "[s]till, how much should [Europe] worry about whether inflation is under 2 percent right now when the euro could fall apart in the next year or two?"
"While each financial crisis no doubt is distinct, they also share striking similarities in the run-up of asset prices, in debt accumulation, in growth patterns, and in current account deficits."