Found 78 article(s) for author 'Kenneth Rogoff'

Will falling euro end up boosting Europe’s economy? – Part 2

Will falling euro end up boosting Europe’s economy? – Part 2. Kenneth Rogoff, January 5, 2015, Video. “One reason for the euro’s drop in value is the anticipation that the European Central Bank is going to enact some stimulus effort, along the lines of the U.S. Federal Reserve’s quantitative easing. Jeffrey Brown learns more from Jacob Kirkegaard of the Peterson Institute for International Economics and Kenneth Rogoff of Harvard University…” Link

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Secular stagnation, debt overhang and other rationales for sluggish growth, six years on

Secular stagnation, debt overhang and other rationales for sluggish growth, six years on, Kenneth Rogoff, January 2015, Paper, There is considerable controversy over why sluggish economic growth persists across many advanced economies six years after the onset of the financial crisis. Theories include a secular deficiency in aggregate demand, slowing innovation, adverse demographics, lingering policy uncertainty, post-crisis political fractionalisation, debt overhang, insufficient fiscal stimulus, excessive financial regulation, and some mix of all of the above. This paper surveys the alternative viewpoints. We argue that until significant pockets of private, external and public debt overhang further abate, the potential role of other headwinds to economic growth will be difficult to quantifyLink

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Secular Stagnation, Debt Overhang and other Rationales for Sluggish Growth, Six Years On

Secular Stagnation, Debt Overhang and other Rationales for Sluggish Growth, Six Years On, Kenneth Rogoff, January 2015, Paper. “There is considerable controversy over why sluggish economic growth persists across many advanced economies six years after the onset of the financial crisis. Theories include a secular deficiency in aggregate demand, slowing innovation, adverse demographics, lingering policy uncertainty, post-crisis political fractionalisation, debt overhang, insufficient fiscal stimulus, excessive financial regulation, and some mix of all of the above. This paper surveys the alternative viewpoints. We argue that until significant pockets…Link

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Oil huge shot in the arm for global economy

Oil huge shot in the arm for global economy. Kenneth Rogoff, December 29, 2014, Video. “CNBC Harvard University Professor Kenneth Rogoff, discusses how the plunge in oil prices is impacting global economies. Also Rogoff shares his thoughts on income inequality and the role of education in addressing the problem…” Link

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Global eco growth to remain anaemic in 2015: Kenneth Rogoff

Global eco growth to remain anaemic in 2015: Kenneth Rogoff. Kenneth Rogoff, December 25, 2014, Video. “Global economic growth will still be anaemic in 2015, Chinese slowdown will continue, believes Kenneth Rogoff, Professor – Economics, Harvard University. Speaking to CNBC-TV18 on its special show ‘The World Economy 2015,’ Rogoff said there are still doubts whether Japan can recover at all with just quantitative easing or whether it will need some fundamental changes like allowing more women folk into work…” Link

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Celebrity Central Bankers

Celebrity Central Bankers. Kenneth Rogoff, November 3, 2014, Opinion. “Why do the comments of major economies’ central bankers command outsize attention nowadays? It is not as if they change interest rates all of the time. Nor have they developed new, more robust models for analyzing the economy. On the contrary, major central banks’ growth and inflation forecasts in the years since the financial crisis have consistently overestimated both growth and inflation – and by wide margins. There are many good reasons for the attention lavished on monetary policymakers, including the rise of central-bank independence…” Link

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This Time is Different: A Panoramic View of Eight Centuries of Financial Crises

This Time is Different: A Panoramic View of Eight Centuries of Financial Crises, Carmen M. Reinhart, Kenneth Rogoff, November 2014, Paper, This paper offers a “panoramic” analysis of the history of financial crises dating from England’s fourteenth-century default to the current United States sub-prime financial crisis. Our study is based on a new dataset that spans all regions. It incorporates a number of important credit episodes seldom covered in the literature, including for example, defaults and restructurings in India and China. As the first paper employing this data, our aim is to illustrate some of the broad insights that can be gleaned from such a sweeping historical database. We find that serial default is a nearly universal phenomenon as countries struggle to transform themselves from emerging markets to advanced economies. Link

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Beware a Chinese slowdown

Beware a Chinese slowdown. Kenneth Rogoff, October 6, 2014, Opinion. “While virtually every country in the world is trying to boost growth, China is trying to slow it down to a sustainable level. As the country shifts to a more domestic-demand driven, services-oriented economy, a transition to slower-trend growth is inevitable and desirable. But the challenges are immense, and no one should take a soft landing for granted.  As China’s economy grows relative to those of its trading partners, the efficacy of its export-led growth model must inevitably fade. As a corollary, the returns on massive infrastructure investment, much of which is directed toward supporting export growth, must also fade…” Link  Verified October 19, 2014

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Rogoff: US economy is tighter than you think

Rogoff: US economy is tighter than you think. Kenneth Rogoff, September 5, 2014, Video. “The U.S. labor market may be fast approaching its full capacity again but the Federal Reserve is still hesitant in raising its benchmark interest rate too quickly, Kenneth Rogoff, a professor of economics at Harvard University told CNBC. “You’ve just gone through this epic recession, inflation has been below target for a really long time,” he told CNBC at the Ambrosetti workshop in Italy. “If inflation goes above target, (the Federal Reserve is) going to say they care but they really don’t care. The big game here is not to have another double dip….” Link

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