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January 9, 2008

Financial Markets
Read Rogoff and Reinhart

Let me second Martin Wolf. Ken Rogoff and Carmen Reinhart’s recent paper is brilliant. They also have mastered the art of saying a lot in a little space. There is no excuse not to read it in full. Ro…

November 19, 2008

Budget, Debt, and Deficits
There is now little doubt ...

This is the biggest financial crisis since the depression: The stock market is way down (graph from Calculated Risk). And, as we all know, home prices are also down. Doubts remain about the health …

December 19, 2012

Fossil Fuels
Oil Boom... And Risk Management

A story on NPR yesterday morning, “The Downsides of Living in an Oil Boomtown,” had an interesting portrait of the economic effects of high oil prices and booming oil production on Williston, North D…

April 29, 2013

Europe
Fiscal Revisionism

How does the attack on the two academic’s work change the landscape for macro policy, if at all? The recent challenge to a key finding of Carmen Reinhart and Ken Rogoff’s This Time Is Different (R&R…

falling-off-cliff

May 2, 2013

Europe
Rogoff and Reinhart on Austerity

Ken Rogoff and Carmen Reinhart (R&R) have a good piece in the Financial Times today, "Austerity is not the only answer to a debt problem." This, along with other pieces (for example, here and here), …

August 26, 2013

International Organizations
Jackson Hole: Future Worries

This year’s Jackson Hole Federal Reserve conference was a decidedly low-key affair given Ben Bernanke’s absence (and Janet Yellen’s successful effort to not make news). Nonetheless, there look to hav…

April 19, 2013

Immigration and Migration
Mexico’s Transformation, and My Own

In anticipation of my talk next Tuesday in Los Angeles, I wrote the following piece for Zocalo’s Public Square: As my plane touched down at Benito Juárez airport in early 1994, I didn’t know that it…

Zocalo - LAM

May 20, 2013

Learning About Growth from Austerity

MILAN – In a recent set of studies, Carmen Reinhart and Kenneth Rogoff used a vast array of historical data to show that the accumulation of high levels of public (and private) debt relative to GDP h…

U.S. Congressman Paul Ryan (R-WI) speaks in front of the "national debt clock" in New Hampshire, September 2012 (Brian Snyder/Courtesy Reuters.)

April 30, 2013

Fiscal Revisionism

Following the controversy sparked by errors found in Harvard professors Carmen Reinhart and Ken Rogoff’s This Time is Different that has played a central role in supporting austerity policies in the …

December 15, 2006

United States
Norway, China and Russia must believe Dr. Roubini (or David Rosenberg)

They all shifted funds out of short-term accounts (despoits, short-term securities, other short-term liabilities) and into long-term bonds -- a move that makes sense if you think the US economy is sl…