Word: rogoff
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Dates: during 2010-2019
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Kenneth S. Rogoff, a professor of public policy, was the only economics professor to be elected to the Academy this year. His most recent work is the book, “This Time is Different: Eight Centuries of Financial Folly,” which he co-wrote with Carmen M. Reinhart, an economics professor at the University of Maryland...
...Reinhart started writing the book before the current financial crisis to help others “understand financial crises in general,” Rogoff said. The book thus offered interesting perspectives on the most recent financial crisis...
...That doesn't mean there's no downside. Supersized sovereign debt is likely to depress economic growth. Hefty debt payments lead to heftier taxes, which bite into consumer spending and corporate investment. Economists Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard University found in a recent study that once a country's government-debt-to-GDP ratio passes 90%, growth declines by at least one percentage point a year. For industrialized economies that rarely expand more than 2% or 3% a year, that's a huge chunk. "We're coming at a point in which growth...
Gopinath works in the field of international macroeconomics. Currently, Kenneth S. Rogoff and Richard N. Cooper are the only professors in the Economics Department who work in this area, according to Campbell...
...said that such trends created “big vulnerability” in the American market, which ultimately collapsed—as Rogoff had predicted in a paper about a year and a half...