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Globalisation at the crossroads | Kenneth Rogoff
The US has championed free trade – at grave cost to itself. To avoid a trade war, other countries must now share the burdenG20 leaders who scoff at the United States' proposal for numerical...
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Inequality, the new dynamic of history | Kenneth Rogoff
Global economic forces are creating ever-greater disparities of wealth within societies – the great policy challenge of our timeAs the dramatic events in North Africa continue to unfold, many observers...
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Public applauds huge salaries for sports stars – while business stars get abuse
If a trader or executive is paid millions for being faster than competitors, the public suspects they are undeserving … or a thiefThe biggest news around Cambridge in recent weeks has been Jeremy Lin,...
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Austerity and debt realism | Kenneth Rogoff
What should governments be doing? The Keynesians think that deficits don't matter in a recession; at the opposite extreme are the debt-ceiling absolutistsMany, if not all, of the world's most pressing...
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Dear George Osborne, it's time for Plan B, say top economists
Seven leading economists on what chancellor George Osborne should do to revive the ailing UK ecomomyIt all seems so long ago. Barack Obama was a senator from Illinois running for the White House....
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Financial regulation isn't fixed, it's just more complicated | Kenneth Rogoff
Little has fundamentally changed since the 2008 financial crisis: legislation and regulation produced since have mostly served as a patch to preserve the status quoPeople often ask if regulators and...
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India can recover from its economic torpor | Kenneth Rogoff
India's slowdown has been exacerbated by a loss of official direction and business confidence, yet changes currently afoot might just turn things aroundIndia's recent fall from macroeconomic grace is a...
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Don't blame the Federal Reserve for not predicting the financial crisis
Even if the Fed had better understood the risks, it would not have been easy for it to avert the crisis on its ownCritics of the US Federal Reserve are having a field day with embarrassing revelations...
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Eurozone crisis: time for France to step up | Kenneth Rogoff
Germany cannot carry the euro on its shoulders alone indefinitely. France needs to become a second anchor of growth and stabilityThere is no magic Keynesian bullet for the eurozone's woes. But the...
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Does gold price collapse signal a vote in economic confidence? | Kenneth Rogoff
The commodity's past highs and lows means policymakers should be cautious in interpreting its latest plunge in valueIn principle, holding gold is a form of insurance against war, financial Armageddon...
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The US Federal Reserve is in a time for doves | Kenneth Rogoff
Why ex-US Treasury secretary Lawrence Summers and Fed vice-chair Janet Yellen are leading contenders as chairThe battle is on to replace current US Federal Reserve chairman Ben Bernanke. One might...
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Emerging market slowdown: can a crisis be averted?
The fact that relatively moderate shocks have caused such profound trauma in emerging markets makes one wonder what problems a more dramatic shift would triggerWith economic growth slowing...
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US debt-ceiling debate reflects a troubling constitutional power struggle
Political dysfunction risks weakening the government's ability to make significant economic decisions in futurePerhaps investors are becoming inured to the United States' annual debt-ceiling debacle,...
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The moral case for a one-off wealth tax is compelling | Kenneth Rogoff
The idea should be taken seriously – but it is no substitute for fundamental long-term tax reformShould advanced countries implement wealth taxes as a means of stabilising and reducing public debt over...
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What's really behind sluggish economic growth?
Today's advanced economies urgently need to address all kinds of technological, social, and political deficienciesIs today's slow growth in advanced economies a continuation of long-term secular...
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The pros and cons of aid to developing economies | Kenneth Rogoff
A new book by Princeton University's Angus Deaton urges the importance of aid but also caution over western interferenceThe huge gap between the world's richest and poorest countries remains one of the...
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How fragile are emerging markets?
Emerging market equities and currencies may have plummeted, but the real question is what will happen when the turmoil moves to debt markets, writes Kenneth RogoffEmerging-market equities and exchange...
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Younger generations may well be in for a bumpy economic ride
Past growth performance does not guarantee that a similar trajectory can be maintained during the 21st centuryThe promise that each generation will be better off than the last is a fundamental tenet of...
View ArticleIMF proposals get the big picture right
Its attempt at a cure may be flawed, but the IMF's diagnosis of a financial sector bloated by moral hazard is manifestly correctWhen the next full-scale global financial crisis hits, let it not be said...
View ArticleWhy has the price of gold risen 300%?
There are sound reasons for it, like the US dollar's loss of status, but economists are warning of the risks of another price bubbleIt has never been easy to have a rational conversation about the...
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