Kenneth Rogoff Biography
Kenneth Saul “Ken” Rogoff (born March 22, 1953) is an American economist and chess Grandmaster. He is the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University.
Kenneth Rogoff is a famous Economist, who was born on March 22, 1953 in United States.
According to Astrologers, Kenneth Rogoff zodiac sign is Aries
At sixteen Rogoff dropped out of high school to concentrate on chess. He won the United States Junior Championship in 1969 and spent the next several years living primarily in Europe and playing in tournaments there. However, at eighteen he made the decision to go to college and pursue a career in economics rather than to become a professional player, although he continued to play and improve for several years afterward. Rogoff was awarded the IM title in 1974, and the GM title in 1978. He was 3rd in the World Junior Championship of 1971 and finished 2nd in the US Championship of 1975, which doubled as a Zonal competition, a half point behind Walter Browne; this result qualified him for the 1976 Interzonal at Biel where he finished 13–15th. In other tournaments, he drew for first at Norristown in 1973 and at Orense in 1976. He has also drawn individual games against former world champions Mikhail Tal and Tigran Petrosian. In 2012 he drew a blitz game with the world’s highest rated player Magnus Carlsen.
Kenneth Rogoff Net Worth
Kenneth Rogoff is one of the richest Economist. Kenneth Rogoff is also listed on the elit list of Richest Economist born on March 22 . According to our analysis, Wikipedia, Forbes & Business Insider, Kenneth Rogoff net worth is approximately $1.5 Million.
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2004: Council on Foreign Relations
Economic Advisory Panel of the Federal Reserve.
National Academy of Sciences
American Academy of Arts and Sciences
2008: Group of Thirty.
In 2002, Rogoff was in the spotlight because of a dispute with Joseph Stiglitz, former chief economist of the World Bank and 2001 Nobel Prize winner. After Stiglitz criticized the IMF in his book, Globalization and Its Discontents, Rogoff replied in an open letter. He is also a regular contributor to Project Syndicate since 2002.
Kenneth Rogoff HeightKenneth Rogoff's height Not available right now. weight Unknown & body measurements will update soon.
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Rogoff received a BA and MA from Yale University summa cum laude in 1975, and a PhD in Economics from the Massachusetts Institute of Technology in 1980.
In April 2013, Rogoff was at the center of worldwide attention with Carmen Reinhart (coauthor of the book This Time is Different) when their widely cited study “Growth in a Time of Debt” was shown to contain computation errors which critics claim undermine its central thesis that too much debt causes recession. An analysis by Thomas Herndon, Michael Ash and Robert Pollin argued that “coding errors, selective exclusion of available data, and unconventional weighting of summary statistics led to serious errors that inaccurately represent the relationship between public debt and GDP growth among 20 advanced economies in the post-war period.” Their calculations demonstrated that some high debt countries grew at 2.2 percent, rather than the −0.1 percent figure initially cited by Reinhart and Rogoff. Rogoff and Reinhart claimed that their fundamental conclusions were accurate after correcting the coding errors detected by their critics. They disavowed their claim that a 90% government debt-to-GDP ratio is a specific tipping point for growth outcomes. The subject remains controversial, because of the political ramifications of the research, though in Rogoff and Reinhart’s words “[t]he politically charged discussion … has falsely equated our finding of a negative association between debt and growth with an unambiguous call for austerity.”
His book This Time Is Different: Eight Centuries of Financial Folly, which he co-authored with Carmen Reinhart, was released in October 2009.
Who is Kenneth Rogoff dating?
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Facts & Trivia
Ranked on the list of most popular Economist. Also ranked in the elit list of famous celebrity born in United States.
In a normal recession such as 1991 or 2000, the Keynesian tools of tax cuts and infrastructure spending (fiscal stimulus), as well as lowered interest rates (monetary stimulus), will usually right the economic ship in a matter of months and lead to recovery and economic expansion. Even the serious recession of 1982, which Blinder states “was called the Great Recession in its day,” fits comfortably within this category of a normal recession which will respond to the standard tools.
By contrast, the 2008 near-meltdown destroyed parts of the financial system and left other parts reeling and in serious need of de-leveraging. Large amounts of governmental debt, household debt, corporate debt, and financial institution debt were left in its wake. And because of this debt, the normal tools of tax cuts and increased infrastructure spending were somewhat less available and/or politically difficult to achieve. (Fiscal policy at times even ended up becoming pro-cyclical, which it was in some European countries under austerity policies.) In the United States, economist Paul Krugman argued that even the combination of the Oct. 2008 bailout plus the Feb. 2009 bailout was not big enough, although Blinder states that they were large compared to previous bailouts. And, since interest rates were already near zero, the standard monetary tool of lowering rates was not going to provide much help.
Fellow economist Alan Blinder credits both Rogoff and Carmen Reinhart with describing highly relevant aspects of the 2008 financial institution near-meltdown and resulting serious recession.