Found 180 article(s) for author 'Kenneth Rogoff'

Expect worst recession in 150 years, says former IMF chief economist

Expect worst recession in 150 years, says former IMF chief economist. Kenneth Rogoff, March 27, 2020, Video, “As the number of coronavirus cases crosses 465,000 with over 21,000 deaths, economists worldwide are talking about a serious downturn with more financial pain in the days ahead. On Thursday, G20 leaders pledged to infuse $5 trillion into the global economy and do whatever it takes to mitigate the economic and social impact of the COVID19 pandemic. The US has come up with a $2.1 trillion emergency aid bill and India too has announced a Rs 5.4 lakh crore stimulus.Link

 

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Economist Ken Rogoff on whether the U.S. has ever experienced a crisis like this one

Economist Ken Rogoff on whether the U.S. has ever experienced a crisis like this one. Kenneth Rogoff, March 19, 2020, Video, “The coronavirus pandemic is causing immense economic damage. The number of Americans filing for unemployment benefits has surged as businesses nationwide close down and are forced to lay off workers. Has the country ever experienced anything like this? Paul Solman talks to Harvard University economist Ken Rogoff, whose book “This Time is Different” examines the history of financial crises.”Link

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Harvard economics professor predicts coronavirus-driven recession: We’re in a war

Harvard economics professor predicts coronavirus-driven recession: We’re in a war. Kenneth Rogoff, March 17, 2020, Video, “Ken Rogoff, professor of public policy and economics at Harvard, joins “Squawk Box” by phone to discuss how he thinks the global economy will be impacted by the coronavirus pandemic. Stocks surged Tuesday — rebounding from their worst day in more than three decades — as Wall Street cheered White House plans that could inject $1 trillion into the U.S. economy to cushion the blow of the coronavirus.Link

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Harvard’s Ken Rogoff: Coronavirus Shows We Need Both Healthcare Safety Net and Private Innovation

Harvard’s Ken Rogoff: Coronavirus Shows We Need Both Healthcare Safety Net and Private Innovation. Kenneth Rogoff, March 8, 2020, Audio, “Pollak asked what economic lessons can be learned from the ongoing coronavirus spread. “There is certainly a lesson for having a safety net so that so that if you’re facing a pandemic, you could treat everyone and really have a framework [so] people aren’t afraid to come in and you can treat everyone,” replied Rogoff. Government healthcare policy must be balanced with free-market forces, added Rogoff. “The whole world depends on the United States for the innovation in drugs and health care, and there’s a very good chance that the vaccine’s going to come from here because we have this very developed private sector, and the question is how to have a system that has both.”Link

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That 1970s Feeling

That 1970s Feeling. Kenneth Rogoff, March 2, 2020, Opinion, “Policymakers and too many economic commentators fail to grasp how the next global recession may be unlike the last two. In contrast to recessions driven mainly by a demand shortfall, the challenge posed by a supply-side-driven downturn is that it can result in sharp drops in production, generalized shortages, and rapidly rising prices.Link

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Fantasy Fiscal Policy

Fantasy Fiscal Policy. Kenneth Rogoff, February 3, 2020, Opinion, “Many leading central bankers now argue that, instead of just playing its traditional role of deciding the allocation of government spending, investment, taxes, and transfers, fiscal policy must substitute for monetary policy in economic fine-tuning and fighting recession. That would be a big mistake.Link

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Public borrowing is cheap but ramping up debt is not without risk

Public borrowing is cheap but ramping up debt is not without risk. Kenneth Rogoff, December 9, 2019, Opinion, “With interest rates on government debt at multi-decade lows, a number of leading economists have argued that almost every advanced economy can allow debt to drift up towards Japanese levels (over 150% of GDP even by the most conservative measure) without any great concern about long-term consequences. Advocates of much higher debt might be right, but they tend to downplay or ignore everything that can go wrong.Link

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The High Stakes of the Coming Digital Currency War

The High Stakes of the Coming Digital Currency War. Kenneth Rogoff, November 11, 2019, Opinion, “Facebook CEO Mark Zuckerberg was at least half right when he recently told the United States Congress that there is no US monopoly on regulation of next-generation payments technology. You may not like Facebook’s proposed Libra (pseudo) cryptocurrency, Zuckerberg implied, but a state-run Chinese digital currency with global ambitions is perhaps just a few months away, and you will probably like that even less.Link

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