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Kenneth S. Rogoff

Senior Fellow for Economics

Expertise

International finance; political economy; macroeconomics; international financial crises, exchange rates, current account imbalances; political budget cycles.

Bio

Kenneth Rogoff is a senior fellow at the Council on Foreign Relations and the Thomas D. Cabot professor at Harvard University. From 2001–2003, Rogoff served as chief economist at the International Monetary Fund. His 2009 book with Carmen Reinhart, This Time is Different: Eight Centuries of Financial Folly has been very widely cited by academics, policymakers and journalists. One regularity that Reinhart and Rogoff illustrate is the remarkable quantitative similarities across time and countries in the run-up and the aftermath of severe financial crises. In general, they show that for financial crises, the differences between emerging markets and advanced countries are far less pronounced than previously believed. Rogoff is also known for his seminal work on exchange rates and on central bank independence. His treatise Foundations of International Macroeconomics (jointly with Maurice Obstfeld) is the standard graduate text in the field worldwide. His new book, The Curse of Cash (September 2016) argues the case for phasing out large denomination paper currency (but not going cashless) and why this would help fight crime and tax evasion while enabling monetary policy to be more effective in deep recessions. His monthly syndicated column on global economic issues is published in over fifty countries.

Rogoff is an elected member of the National Academy of Sciences, the American Academy of Arts and Sciences, and the Group of Thirty, and a senior fellow at the Council on Foreign Relations. Rogoff is among the top ten on RePec’s ranking of economists by scholarly citations. He is also an international grandmaster of chess.

All Publications

Must Read

NBER: From Financial Crash to Debt Crisis

Authors: Carmen M. Reinhart and Kenneth S. Rogoff

Newly developed long historical time series on public debt, along with modern data on external debts, allow a deeper analysis of the cycles underlying serial debt and banking crises. The evidence confirms a strong link between banking crises and sovereign default across the economic history of great many countries, advanced and emerging alike

See more in Financial Crises; Global Governance; Budget, Debt, and Deficits; Global

CFR Events

Conference Call ⁄ New York

Media Call: Global Implications of the Federal Reserve's Decision to Hike Rates

Speakers Kenneth S. Rogoff, Benn Steil
Presider Michael A. Levi
December 17, 2015 2:00 p.m.-2:50 p.m.

December 17, 2015

This meeting is not for attribution.

Meeting ⁄ New York

McKinsey Executive Roundtable Series in International Economics: Currency Wars

Speakers Kenneth S. RogoffThomas D. Cabot Professor of Public Policy, Harvard University, Raghuram G. RajanEric J. Gleacher Distinguished Service Professor of Finance, University of Chicago Booth School of Business
Presider Jeffrey R. ShaferVice Chairman, Global Banking, Citigroup Global Markets, Inc.
February 10, 2011 7:45–8:00 a.m. - Breakfast
8:00–9:00 a.m. - Meeting

This meeting is on the record.

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Meeting

McKinsey Executive Roundtable Series in International Economics: Currency Wars

Speakers Kenneth S. RogoffThomas D. Cabot Professor of Public Policy and Professor of Economics, Harvard University; Economic Counselor and Director, Research Department, International Monetary Fund, 2001-2003, Raghuram G. RajanEric J. Gleacher Distinguished Service Professor of Finance, University of Chicago; Economic Counselor and Director, Research Department, International Monetary Fund, 2003-2006
Presider Jeffrey R. ShaferVice Chairman, Global Banking, Citigroup Global Markets, Inc.
February 10, 2011 7:45–8:00 a.m. - Breakfast
8:00–9:00 a.m. - Meeting

This meeting is on the record.

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Meeting

Media Call: Greek Debt Crisis

Speakers Sebastian Mallaby

Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations

, Robert Kahn

Steven A. Tananbaum Senior Fellow for International Economics, Council on Foreign Relations

, Kenneth S. Rogoff

Senior Fellow for Economics, Council on Foreign Relations; Thomas D. Cabot Professor of Public Policy and Professor of Economics, Harvard University


Presider Neil Irwin

Senior Economics Correspondent, New York Times

This meeting is not for attribution.