Found 167 article(s) for author 'Kenneth Rogoff'

Trump And China Biggest Risks To Global Economy

Trump And China Biggest Risks To Global Economy. Kenneth Rogoff, January 24, 2018, Video, “The global economy is projected to grow at a stronger pace this year than the last, but that’s not without risks, according to Harvard Economist Kenneth Rogoff. And “one of them is coming to Davos.” The International Monetary Fund recently revised its global growth projections upward for 2018 after nine years of downgrades. But this outlook is subject to risks, he told BloombergQuint on the sidelines of the World Economic Forum at Davos, Switzerland. Besides U.S. President Donald Trump, risks coming in from China and a faster-than-expected pace of policy rate hikes by global central banks could jeopardise the “economic calm”.” Link

 

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Leaving NAFTA Makes No Sense

Leaving NAFTA Makes No Sense. Kenneth Rogoff, January 24, 2018, Audio “Kenneth Rogoff, Harvard University Professor, and Laura Tyson, Berkeley Haas School School of Business Distinguished Professor, discuss tax cuts, the deficit, and the dollar. Jacob Frenkel, JPMorgan Chase International Chairman, thinks we should shift the discussion from nominal exchange rate to real exchange rate. Michael Neidorff, Centene CEO, says they’ve done very well with the Affordable Care Act. Anthony Scaramucci, Former White House Communications Director, says President Trump’s delegation in Davos indicates they’re going to cooperate with the global community.Link

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Revisiting Speculative Hyperinflations in Monetary Models: A Response to Cochrane

Revisiting Speculative Hyperinflations in Monetary Models: A Response to Cochrane. Kenneth Rogoff, November 9, 2017, Paper, “This paper responds to an appendix in Cochrane (2011) that characterizes as incorrect a central uniqueness result in Obstfeld and Rogoff (1983). Cochrane purports to show that, despite the existence of partial government backing of currency, there exist speculative pricebubble equilibria in which the price level goes to infinity and government money passes out of use, despite a money supply that itself is not increasing. Here we explain why our original result is, in fact, correct.Link

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US Fed chair’s biggest problem will be staying out of Trump’s shadow

US Fed chair’s biggest problem will be staying out of Trump’s shadow. Kenneth Rogoff, November 3, 2017, Opinion, “With the appointment of Jerome Powell as the next chair of the United States Federal Reserve, Donald Trump has made perhaps the most important single decision of his presidency. It is a sane and sober choice that heralds short-term continuity in Fed interest rate policy, and perhaps a simpler and cleaner approach to regulatory policy.Link

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Donald Trump’s Federal Reserve

Donald Trump’s Federal Reserve. Kenneth Rogoff, November 2, 2017, Opinion, “Jerome Powell, US President Donald Trump’s pick to succeed Janet Yellen as Fed Chair, will face some extraordinary challenges at the outset of his five-year term. But the greatest challenge of all will be to stay out of Trump’s shadow and uphold the Fed’s independence.Link

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Crypto-Fool’s Gold?

Crypto-Fool’s Gold? Kenneth Rogoff, October 9, 2017, Opinion, “The price of Bitcoin is up 600% over the past 12 months, and 1,600% in the past 24 months. But the long history of currency tells us that what the private sector innovates, the state eventually regulates and appropriates – and there is no reason to expect virtual currency to avoid a similar fate.Link

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Donald Trump’s 3% growth plan is only for the 1%

Donald Trump’s 3% growth plan is only for the 1%. Kenneth Rogoff, September 11, 2017, Opinion, “Donald Trump has boasted that his policies will produce sustained 3%-4% growth for many years to come. His prediction flies in the face of the judgment of many professional forecasters, including on Wall Street and at the Federal Reserve, who expect that the US will be lucky to achieve even 2% growth.Link

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