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...World Bank isn't that desperate, but it faces similar pressures. Both organizations were created in 1944 by the soon-to-be-victorious Allied powers. At the time, says Harvard professor and former IMF chief economist Kenneth Rogoff, "global financial markets barely existed, and domestic financial markets barely existed in Europe...

Author: /time Magazine | Title: The World Bank's Real Problem | 5/3/2007 | See Source »

...strong for the growth-challenged Continent, and in the past few months it has outpaced the U.S. for the first time in years. The European recovery is uneven, though, with Italy and France faring less well. Nevertheless, "Europe is going to have a great year," reckons Harvard professor Kenneth Rogoff, former chief economist at the International Monetary Fund...

Author: /time Magazine | Title: The Global Question: Who Needs the U.S.? | 1/19/2007 | See Source »

...Others argue that the global economy is now better able to withstand potential shocks such as slower Chinese growth because it's more flexible and healthier, and because interest rates around the globe are relatively low. Kenneth Rogoff, a Harvard professor and former chief economist at the IMF, believes Asia is not immune to a sharp U.S. slowdown, although he says Europe may be better insulated because of its big internal market, which now covers 490 million people. But he also points out that, until the early 1990s, Japan was a vital source of global growth that virtually disappeared during...

Author: /time Magazine | Title: A Precarious Balance | 1/18/2007 | See Source »

...with Italy and France faring less well. And Germany has only begun to tackle some of the politically unpopular reforms of its health, pension and labor systems that economists say are needed to boost long-term growth. Still, "Europe is going to have a great year," reckons Harvard's Rogoff...

Author: /time Magazine | Title: A Precarious Balance | 1/18/2007 | See Source »

...Feldstein said. Cabot Professor of Public Policy and Professor of Economics Kenneth S. Rogoff—who also sat on last weekend’s panel, convened by the American Economic Association—said that he largely supported the views voiced by his Harvard colleague. Rogoff wrote in an e-mail after the conference that the U.S. current account, or the net flow of transactions between the U.S. and other countries, is “unsustainable.” He estimated for The Wall Street Journal earlier this week that the dollar must fall another 20 percent, and that...

Author: By Jan Zilinsky, CONTRIBUTING WRITER | Title: Feldstein Says U.S. Dollar Needs to Depreciate | 1/12/2007 | See Source »

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