Kenneth Rogoff
King Ludd is Still Dead
CAMBRIDGE – Since the dawn of the industrial age, a recurrent fear has been that technological change will spawn mass unemployment. Neoclass…
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The 2012 Nobel Prize in economics will be announced next week. Speculation centers around Kenneth Rogoff and Robert Shiller. Rogoff, who received the 2011 Deutsche Bank Prize in Financial Economics, is a premier international economist. Shiller, who predicted the dot-com and housing bubbles, is a visionary political economist. Who will receive this year's top honor?
Rogoff & Shiller: Nobel Buzz
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Kenneth Rogoff
Ending the Financial Arms Race
CAMBRIDGE – People often ask if regulators and legislators have fixed the flaws in the financial system that took the world to the brink of …
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Robert J. Shiller
Bubbles without Markets
NEW HAVEN - A speculative bubble is a social epidemic whose contagion is mediated by price movements. News of price increase enriches the ea…
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Kenneth Rogoff
How Long for Low Rates?
CAMBRIDGE – How long can today’s record-low, major-currency interest rates persist? Ten-year interest rates in the United States, the United…
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Robert J. Shiller
Debt and Delusion
NEW HAVEN – Economists like to talk about thresholds that, if crossed, spell trouble. Usually there is an element of truth in what they say.…
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Kenneth Rogoff
Austerity and Debt Realism
CAMBRIDGE – Many, if not all, of the world’s most pressing macroeconomic problems relate to the massive overhang of all forms of debt. In Eu…
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Robert J. Shiller
The Narrative Structure of Global Weakening
NEW HAVEN – Recent indications of a weakening global economy have led many people to wonder how pervasive poor economic performance will be …
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Robert J. Shiller
Bubble Spotting
NEW HAVEN – People frequently ask me, as someone who has written on market speculation, where the next big speculative bubble is likely to b…
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Kenneth Rogoff
Why a More Flexible Renminbi Still Matters
CAMBRIDGE – One of the most notable macroeconomic developments in recent years has been the sharp drop in China’s current-account surplus. T…
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Robert J. Shiller
Seven More Years of Hard Times?
NEW HAVEN – Much of the talk emerging from the August 2010 Jackson Hole Economic Symposium, attended by many of the world’s central bankers …
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