Word: rogoff
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...Professor of economics Kenneth S. Rogoff echoed the sentiments he expressed at an April panel discussion at Harvard in which he said the ongoing economic crisis “looks like a really...
While American politicians are embroiled in debates over the degree of the U.S. economic crisis, Harvard economics professor Kenneth S. Rogoff told a lecture hall of undergraduates that the current financial crisis “looks like a really bad one.” The event—“The Current Economic Slowdown: Causes and Consequences”—was hosted by the Harvard economics department and intended to explore the recent downturn with “no Harvard politics, just real-world substance,” department chair and moderator James H. Stock wrote...
...Seidel said. “We have two of the world’s best universities in Cambridge and a million other resources, but it is critically important that we continue to make Cambridge a welcoming place for these companies and industries.” Economics professor Kenneth S. Rogoff added that this new rule is “a move in the right direction” for the U.S. economy, and will be quite beneficial for many U.S. research laboratories in particular...
...comfortable. "The best-case scenario is a mild recession and a slow recovery with mildly elevated inflation," says Harvard professor Kenneth Rogoff, a former chief economist at the International Monetary Fund. "That's the best outcome we can hope for at this point." Rogoff is a co-author, with the University of Maryland's Carmen Reinhart, of a much discussed new paper that surveys the five worst rich-country financial crises since World War II, and he finds alarming parallels to the current U.S. situation. Those crises all brought economic downturns that, while much milder than the Great Depression, were...
...suspicious of Anglo-Saxon finance, for example, and has been seeking to curb the power of hedge funds. There's also little sign of substantive change in the historic--some say hide-bound--system of labor relations, under which unions are represented on the supervisory boards of companies. Kenneth Rogoff, a Harvard professor and former International Monetary Fund economist, sees Germany's improved fortunes as being largely the result of the private sector finding ways to bypass continuing structural roadblocks in the economy. The recovery "has legs," he says, because there's still room to catch up with U.S. productivity...