People like Ken Rogoff talked about global imbalances in the current account deficit not being sustainable.
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Mr. ROGOFF: It's very, very hard for regulators to compete in this rocket science industry.
Mr. KEN ROGOFF (Harvard University): Of course it's better to have the regulator be stronger.
Speaking on the programme Harvard economics professor Ken Rogoff said that Greece faced a stark future.
The years just before the start of the subprime meltdown fit the Reinhart-Rogoff template remarkably well.
But monetary policy can only do so much, in Mr Rogoff's view structural reforms are needed too.
Occasionally, a student has found calculation errors such as last fall, when Thomas Herndon unearthed the Rogoff-Reinhart mistake.
Additionally, Federal Transit Administrator Peter Rogoff recently met with Southeast Asian American small business owners in St.
Rogoff is a recipient of the U.S. Coast Guard Distinguished Public Service Award and the Lester P.
Rogoff thinks they'll be more inclined to bank it or pay down debt than head to the malls.
But Kenneth Rogoff, now at Harvard University, says the uproar over Wolfowitz' leadership is likely to change those practices.
No matter how he tried, he just couldn't replicate Reinhart and Rogoff's results.
Rogoff says the adjustment should have happened earlier, when a stronger economy could have absorbed a pullback by consumers.
Rogoff has also been centrally involved in efforts to strengthen safety inspections of substandard trucks, cargo vessels, and pipelines.
Mr Rogoff has suggested that a few years of 5% price rises could have helped households reduce their debts faster.
As the criticism mounts Rogoff will likely argue that he was just one voice, second author on a single series of papers.
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When the current economic crisis first hit, many European leaders--and their American fans, like Harvard economist Ken Rogoff--saw vindication for the E.
Rogoff says that will make the recession deep and painful because consumer spending makes up nearly 70 percent of the U.S. economy.
Kenneth Rogoff is a former chief economist at the International Monetary Fund.
This may be about to change, as the Kenneth Rogoff, chief economist of the International Monetary Fund (IMF) acknowledged on May 22nd.
The bad news made a presentation by Kenneth Rogoff, a professor at Harvard University, on the final day all the more timely.
Last week, researchers who were given access to the original data and spreadsheet used by Reinhart and Rogoff announced they had discovered calculation errors.
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Moreover, as explained by John Lott at FoxNews.com on November 5, the Reinhart-Rogoff thesis about financial crises is not supported by the data.
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Mr Rogoff was careful to say that the malign effects of the subprime mess might not be as great as those of previous crises.
Ken Rogoff happily offered the world a signpost: Things are bad yes, but if you can get government debt below 90% you have a chance.
FORBES: Reinhart and Rogoff; and The Dangers of Tipping Points, Real and Otherwise
And he noted that a former chief economist of the IMF, Ken Rogoff, had said only this week that he fully supported the coalition's plan.
The research of Reinhardt and Rogoff demonstrates that when the government debt-to-GDP level gets to about 90%, trend growth seems to drop by about 1%.
Even before this past week, the Rogoff-Reinhart paper had its limitations.
Carmen Reinhart and Kenneth Rogoff, two Harvard economists, estimate that public debt above 90% of GDP can reduce average growth rates by more than 1%.
As far as the recent financial crisis and the current European crisis, Harvard economist Kenneth Rogoff observed that both events were not surprising given historical trends.
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