Found 164 article(s) for author 'Kenneth Rogoff'

Why Trump Can’t Bully China

Why Trump Can’t Bully China. Kenneth Rogoff, February 9, 2017, Opinion, “As US President Donald Trump proceeds to destabilize the post-war global economic order, much of the world is collectively holding its breath. Commentators search for words to describe his assault on conventional norms of leadership and tolerance in a modern liberal democracy. The mainstream media, faced with a president who might sometimes be badly uninformed and yet really believes what he is saying, hesitate to label conspicuously false statements as lies.Link

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The Trump Deficit

The Trump Deficit. Kenneth Rogoff, January 16, 2017, Opinion, “It is a post-financial-crisis myth that austerity-minded conservative governments always favor fiscal prudence, while redistribution-oriented progressives view large deficits as the world’s biggest free lunch. This simplistic perspective, while perhaps containing a grain of truth, badly misses the true underlying political economy of deficits.Link

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The Trump Boom?

The Trump Boom? Kenneth Rogoff, December 7, 2016, Opinion, “After years of hibernation, will the US economy rouse itself for a big comeback over the next couple of years? With an incoming Republican administration hell-bent on reflating an economy already near full employment, and with promised trade restrictions driving up the price of import-competing goods, and with central-bank independence likely to come under attack, higher inflation – likely exceeding 3% at times – is a near-certainty. And output growth could surprise as well, possibly reaching 4%, at least temporarily.Link

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Italy Has Faced a Long, Difficult Time

Italy Has Faced a Long, Difficult Time. Kenneth Rogoff, December 1, 2016, Video, “In today’s “Morning Must Read,” Bloomberg’s Tom Keene and Francine Lacqua highlight comments on this weekend’s Italian referendum. They speak with Harvard University Professor of Economics Kenneth Rogoff on “Bloomberg Surveillance.”Link

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Progress and Confusion: The State of Macroeconomic Policy

Progress and Confusion: The State of Macroeconomic Policy. Kenneth Rogoff, Lawrence Summers, 2016, Book, “What will economic policy look like once the global financial crisis is finally over? Will it resume the pre-crisis consensus, or will it be forced to contend with a post-crisis “new normal”? Have we made progress in addressing these issues, or does confusion remain? In April of 2015, the International Monetary Fund gathered leading economists, both academics and policymakers, to address the shape of future macroeconomic policy. This book is the result, with prominent figures—including Ben Bernanke, Lawrence Summers, and Paul Volcker—offering essays that address topics that range from the measurement of systemic risk to foreign exchange intervention.Link

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India’s Currency Exchange and The Curse of Cash

India’s Currency Exchange and The Curse of Cash. Kenneth Rogoff, November 17, 2016, Opinion, “On the same day that the United States was carrying out its 2016 presidential election, India’s Prime Minister, Narendra Modi, announced on national TV that the country’s two highest-denomination notes, the 500 and 1000 rupee (worth roughly $7.50 and $15.00) would no longer be legal tender by midnight that night, and that citizens would have until the end of the year to surrender their notes for new ones. His stated aim was to fight “black money”: cash used for tax evasion, crime, terror, and corruption. It was a bold, audacious move to radically alter the mindset of an economy where less than 2% of citizens pay income tax, and where official corruption is endemic.Link

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Is the Fed Playing Politics?

Is the Fed Playing Politics? Kenneth Rogoff, October 3, 2016, Opinion, “In his recent debate with his opponent Hillary Clinton, Republican presidential candidate Donald Trump pressed his claim that US Federal Reserve Chair Janet Yellen is politically motivated. The Fed, Trump claims, is applying overdoses of monetary stimulus to hypnotize voters into believing that economic recovery is underway.Link

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China is the biggest threat to the global economy right now

China slowdown is global economy’s biggest threat. Kenneth Rogoff, September 26, 2016, Video, “The former chief economist of the International Monetary Fund has told the BBC a slowdown in China is the greatest threat to the global economy. Ken Rogoff said a calamitous “hard landing” for one of the main engines of global growth could not be ruled out. “China is going through a big political revolution,” he said.Link

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