Kenneth Rogoff, Professor of Economics and Public Policy at Harvard University and recipient of the 2011 Deutsche Bank Prize in Financial Economics, was the chief economist of the International Monetary Fund from 2001 to 2003. His most recent book, co-authored with Carmen M. Reinhart, is This Time is Different: Eight Centuries of Financial Folly.

The Long Mystery of Low Interest Rates
Tom Whelan: The savings glut hypothesis seems as deeply wrong as it is widely accepted. Central banks around the world are supplying the largest current consumers of credit – governments and banks – with no co…
The Long Mystery of Low Interest Rates
C. Jayant Praharaj: Short-term nominal interest rates are low due to aggressive monetary policy acting in the same direction in many major economies, increased risk-averseness among those who demand loans, increased risk…