Kenneth Rogoff

4 Stories

Conservatives' Favorite Debt Study Revealed as Fake

But Alex Pareene doubts they'll change their tune

(Newser) - For years, conservatives have been crowing about a study from Harvard economists Carmen Reinhart and Kenneth Rogoff showing that countries with a debt-to-GDP ratio of more than 90% usually have negative GDP growth. It's been used to justify austerity pushes around the globe. But Reinhart and Rogoff have always... More »

Top F***ing Books About the Financial Crisis

Maybe all the profanity will keep you reading

(Newser) - There are so many books about the financial crisis, how does one choose which to read first? One method: Go for the one with the most instances of the word “fuck.” Conveniently enough, Paul Kedrosky has assembled a handy list. Not big on the idea of the f-word... More »

Recession May Take Down More Banks: Expert

'Worst is yet to come' for US economy, economist warns

(Newser) - The credit-market slump could take a further toll on the largest US banks, a former chief economist of the International Monetary Fund tells Bloomberg. Claiming “the worst is yet to come,” Kenneth Rogoff says the financial sector “needs to shrink” before the economy will recover, and that... More »

Fed Cut Raises Inflation Fears

Borrowers, exporters stand to gain, but critics find move 'self-defeating'

(Newser) - The Federal Reserve's latest rate cut might boost the economy with cheaper credit, but economists worry a freed inflation genie could be behind any magic, the Washington Post reports. Commodity prices rose to record levels in expectation that the rate cut would keep demand high, and the price hikes are... More »

4 Stories