http://www.project-syndicate.org/series/the_unbound_economy <p><em>What will drive recovery from the financial crisis of 2008? Will China eventually suffer a Japanese-style hard landing after decades of rapid growth? How long can Asia’s central banks be expected to prop up the dollar? Are we heading towards a world of multiple reserve currencies? Can India replicate China’ s miracle? Will the euro zone expand and further transform Europe?</em></p> <p></p> en 2012-02-10T06:00:51+01:00 webmaster@project-syndicate.org Kenneth Rogoff 1994-01-01T00:00:00+01:00 4 hourly http://www.project-syndicate.org/commentary/rogoff89/English <a href=http://www.project-syndicate.org/commentary/rogoff89/English>ROGOFF: Coronary Capitalism</a> Just as the financial industry caused a near-meltdown of the global economy in 2008, the food industry has facilitated the explosion of obesity around the world. In both cases, the links to broader problems with contemporary Western capitalism have become impossible to ignore. Kenneth Rogoff 2012-02-01T00:00:00+01:00 http://www.project-syndicate.org/commentary/rogoff88/English <a href=http://www.project-syndicate.org/commentary/rogoff88/English>ROGOFF: Rethinking the Growth Imperative</a> Modern macroeconomics often seems to treat rapid and stable economic growth as the be-all and end-all of policy. But, while that is the message from graduate classrooms to central-bank boardrooms to newspapers’ front pages, is it true? Kenneth Rogoff 2012-01-02T00:00:00+01:00 http://www.project-syndicate.org/commentary/rogoff87/English <a href=http://www.project-syndicate.org/commentary/rogoff87/English>ROGOFF: Is Modern Capitalism Sustainable?</a> Will modern capitalism be a victim of its own success in producing massive wealth? As pollution, financial instability, health-care problems, and inequality continue to grow, and as political systems remain paralyzed, capitalism’s future might not seem so secure in a few decades as it seems now. Kenneth Rogoff 2011-12-02T00:00:00+01:00 http://www.project-syndicate.org/commentary/rogoff86/English <a href=http://www.project-syndicate.org/commentary/rogoff86/English>ROGOFF: A Gravity Test for the Euro</a> There are plenty of vaguely-plausible reasons why the euro has remained so firm against the dollar throughout the euro crisis, at least so far. But, with so many forces arrayed against the current exchange rate, and little reason for it to be maintained, don’t count on this stability sticking around. Kenneth Rogoff 2011-11-03T00:00:00+01:00 http://www.project-syndicate.org/commentary/rogoff85/English <a href=http://www.project-syndicate.org/commentary/rogoff85/English>ROGOFF: The Wrong Tax for Europe</a> There is ample reason to be angry at financiers, and real change is needed in how they operate. But the European Commission's proposal to tax financial transactions, despite its noble intellectual lineage, is no solution to Europe’s problems – or to the world's. Kenneth Rogoff 2011-10-03T00:00:00+02:00 http://www.project-syndicate.org/commentary/rogoff84/English <a href=http://www.project-syndicate.org/commentary/rogoff84/English>ROGOFF: Will the IMF Stand Up to Europe?</a> Until now, the IMF has sycophantically supported each new European initiative to rescue the over-indebted eurozone periphery, committing more than $100 billion to Greece, Portugal, and Ireland so far. Unfortunately, the Fund is risking not only its members’ money, but, ultimately, its own credibility. Kenneth Rogoff 2011-09-01T00:00:00+02:00 http://www.project-syndicate.org/commentary/rogoff83/English <a href=http://www.project-syndicate.org/commentary/rogoff83/English>ROGOFF: The Second Great Contraction</a> Why is everyone still referring to the recent financial crisis as the “Great Recession”? The term, after all, is predicated on a dangerous misdiagnosis of the problems that confront the US and other countries, leading to bad forecasts and bad policy. Kenneth Rogoff 2011-08-02T00:00:00+02:00 http://www.project-syndicate.org/commentary/rogoff82/English <a href=http://www.project-syndicate.org/commentary/rogoff82/English>ROGOFF: Technology and Inequality</a> Until now, the relentless march of technology and globalization has played out hugely in favor of high-skilled labor, helping fuel record-high levels of income and wealth inequality around the world. But that march is now turning against skilled workers, promising to narrow the equality gap. Kenneth Rogoff 2011-07-06T00:00:00+02:00 http://www.project-syndicate.org/commentary/rogoff81/English <a href=http://www.project-syndicate.org/commentary/rogoff81/English>ROGOFF: The Euro’s PIG-Headed Masters</a> Europe is in constitutional crisis: no one seems to have the power to impose a sensible resolution of its peripheral countries’ debt crisis. Indeed, it is hard to see how the single currency can survive much longer without a decisive move towards a far stronger fiscal union. Kenneth Rogoff 2011-06-03T00:00:00+02:00 http://www.project-syndicate.org/commentary/rogoff80/English <a href=http://www.project-syndicate.org/commentary/rogoff80/English>ROGOFF: Bernanke Meets the Press</a> At the US Federal Reserve’s recent and first-ever public press conference, Chairman Ben Bernanke gave a spirited defense of the Fed’s much-criticized policy of mass purchases of US government bonds, also known as “quantitative easing.” But was his justification persuasive? Kenneth Rogoff 2011-05-04T00:00:00+02:00 http://www.project-syndicate.org/commentary/rogoff79/English <a href=http://www.project-syndicate.org/commentary/rogoff79/English>ROGOFF: A Cure for Fiscal Failure?</a> Should more countries create independent fiscal advisory councils to infuse some objectivity into national budget debates? Such councils are hardly a panacea, but for most countries, they would be a helpful step towards correcting a systematic bias towards deficit spending. Kenneth Rogoff 2011-04-01T00:00:00+02:00 http://www.project-syndicate.org/commentary/rogoff78/English <a href=http://www.project-syndicate.org/commentary/rogoff78/English>ROGOFF: Global Imbalances without Tears</a> Doctors have long known that it is not just how much you eat, but what you eat, that contributes to or diminishes your health. Likewise, economists have long noted that for countries gorging on capital inflows, there is a big difference between debt instruments and equity investments. Kenneth Rogoff 2011-03-01T00:00:00+01:00