Kenneth S Rogoff
Biographic Data
| ID | 1084367 |
|---|---|
| NAME | Kenneth S Rogoff |
| GIVEN NAMES | Kenneth S |
| FAMILY NAME | Rogoff |
| SIGNATURE | ROGOFF K S |
| AFFILIATIONS | Harvard University |
| VERIFIED | No |
| TOTAL WORKS | 16 |
| TOTAL CITATIONS | 32 |
| AUTHOR COUNT | 16 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1995 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 3 |
Rethinking the Informal Economy and the Hugo Effect
This paper offers a new approach to measuring the size of the informal economy based on VAT data for the European Union. Although data intensive, our evading value added duty economy (EVADE) measure is simpler and more transparent than existing measures. EVADE also shows more variation across countries of Europe than earlier measures, including higher informality in Greece, Italy, and Spain, for example. Moreover, we find considerably higher vari…
Rethinking the Informal Economy and the Hugo Effect
The Curse of Cash: How Large-Denomination Bills Aid Crime and Tax Evasion and Constrain Monetary Policy
From the New York Times bestselling author of This Time Is Different, "a fascinating and important book" (Ben Bernanke) about the surprising reasons why paper money lies at the heart of many of the world’s most difficult problemsThe world is drowning in cash—and it’s making us poorer and less safe. In The Curse of Cash, acclaimed economist Kenneth Rogoff explores the past, present, and future of currency, from ancient China to today’s cryptocurre…
Curse of Cash: How Large-Denomination Bills Aid Crime and Tax Evasion and Constrain Monetary Policy
The Curse of Cash
From the New York Times bestselling author of This Time Is Different , “a fascinating and important book” (Ben Bernanke) about phasing out most paper money to fight crime and tax evasion—and to battle financial crises by tapping the power of negative interest rates The world is drowning in cash—and it’s making us poorer and less safe. In The Curse of Cash , Kenneth Rogoff, one of the world’s leading economists, makes a persuasive and fascinating …
Curse of Cash
Public Debt Overhangs: Advanced-Economy Episodes Since 1800
We identify the major public debt overhang episodes in the advanced economies since the early 1800s, characterized by public debt to GDP levels exceeding 90 percent for at least five years. Consistent with Reinhart and Rogoff (2010) and most of the more recent research, we find that public debt overhang episodes are associated with lower growth than during other periods. The duration of the average debt overhang episode is perhaps its most striki…
From Financial Crash to Debt Crisis
Newly developed historical time series on public debt, along with data on external debts, allow a deeper analysis of the debt cycles underlying serial debt and banking crises. We test three related hypotheses at both “world” aggregate levels and on an individual country basis. First, external debt surges are an antecedent to banking crises. Second, banking crises (domestic and those in financial centers) often precede or accompany sovereign debt …
The Forgotten History of Domestic Debt
The literature on domestic debt default is sparse, as are the data. We compile a database on public debt that spans the nineteenth century to 2010. Our findings are as follows. First, domestic debt accounts for almost two‐thirds of public debt. Second, the data help to explain the puzzle of why countries default on external debts at seemingly low debt thresholds. Third, domestic debt (which is often larger than the monetary base in the run‐up to …
Growth in a Time of Debt
We study economic growth and inflation at different levels of government and external debt. Our analysis is based on new data on forty-four countries spanning about two hundred years. The dataset incorporates over 3,700 annual observations covering a wide range of political systems, institutions, exchange rate arrangements, and historic circumstances. Our main findings are: First, the relationship between government debt and real GDP growth is we…
This Time Is Different: Eight Centuries of Financial Folly
The Aftermath of Financial Crises
A year ago, we presented a historical analysis comparing the run-up to the 2007 US subprime financial crisis with the antecedents of other banking crises in advanced economies since World War II (Reinhart and Rogoff 2008a ). We showed that standard indicators for the United States, such as asset price inflation, rising lever age, large sustained current account deficits, and a slowing trajectory of economic growth, exhibited virtually all the sig…
NBER Macroeconomics Annual 2005
This 20th edition of the NBER Macroeconomics Annual treats many questions at the cutting edge of macroeconomics that are central to current policy debates. The papers and discussions include an analysis of the differential between American and European unemployment rates, with the authors of the paper taking issue with Edward Prescott's view that higher European tax rates are responsible; a provocative account of the relationship between fluctuat…
Exchange Rate Volatility and Productivity Growth: The Role of Financial Development
Global Current Account Imbalances and Exchange Rate Adjustments
Global Current Account Imbalances and Exchange Rate Adjustments Maurice Obstfeld and Kenneth S. Rogoff This is the third in a series of papers we have written over the past five years about the growing U.S. current account deficit and the potentially sharp exchange rate movements any future adjustment toward current account balance might imply.1 The problem has hardly gone away in those five years. Indeed, the U.S. current account deficit today i…
Handbook of International Economics Volume 3 (Handbooks in Economics)
Global Current Account Imbalances and Exchange Rate Adjustments
Global Current Account Imbalances and Exchange Rate Adjustments Maurice Obstfeld and Kenneth S. Rogoff This is the third in a series of papers we have written over the past five years about the growing U.S. current account deficit and the potentially sharp exchange rate movements any future adjustment toward current account balance might imply.1 The problem has hardly gone away in those five years. Indeed, the U.S. current account deficit today i…
The Forgotten History of Domestic Debt
The literature on domestic debt default is sparse, as are the data. We compile a database on public debt that spans the nineteenth century to 2010. Our findings are as follows. First, domestic debt accounts for almost two‐thirds of public debt. Second, the data help to explain the puzzle of why countries default on external debts at seemingly low debt thresholds. Third, domestic debt (which is often larger than the monetary base in the run‐up to …
Public Debt Overhangs: Advanced-Economy Episodes Since 1800
We identify the major public debt overhang episodes in the advanced economies since the early 1800s, characterized by public debt to GDP levels exceeding 90 percent for at least five years. Consistent with Reinhart and Rogoff (2010) and most of the more recent research, we find that public debt overhang episodes are associated with lower growth than during other periods. The duration of the average debt overhang episode is perhaps its most striki…
Handbook of International Economics Volume 3 (Handbooks in Economics)
Global Current Account Imbalances and Exchange Rate Adjustments
Global Current Account Imbalances and Exchange Rate Adjustments Maurice Obstfeld and Kenneth S. Rogoff This is the third in a series of papers we have written over the past five years about the growing U.S. current account deficit and the potentially sharp exchange rate movements any future adjustment toward current account balance might imply.1 The problem has hardly gone away in those five years. Indeed, the U.S. current account deficit today i…
NBER Macroeconomics Annual 2005
This 20th edition of the NBER Macroeconomics Annual treats many questions at the cutting edge of macroeconomics that are central to current policy debates. The papers and discussions include an analysis of the differential between American and European unemployment rates, with the authors of the paper taking issue with Edward Prescott's view that higher European tax rates are responsible; a provocative account of the relationship between fluctuat…
Exchange Rate Volatility and Productivity Growth: The Role of Financial Development
This Time Is Different: Eight Centuries of Financial Folly
The Aftermath of Financial Crises
A year ago, we presented a historical analysis comparing the run-up to the 2007 US subprime financial crisis with the antecedents of other banking crises in advanced economies since World War II (Reinhart and Rogoff 2008a ). We showed that standard indicators for the United States, such as asset price inflation, rising lever age, large sustained current account deficits, and a slowing trajectory of economic growth, exhibited virtually all the sig…
Growth in a Time of Debt
We study economic growth and inflation at different levels of government and external debt. Our analysis is based on new data on forty-four countries spanning about two hundred years. The dataset incorporates over 3,700 annual observations covering a wide range of political systems, institutions, exchange rate arrangements, and historic circumstances. Our main findings are: First, the relationship between government debt and real GDP growth is we…
From Financial Crash to Debt Crisis
Newly developed historical time series on public debt, along with data on external debts, allow a deeper analysis of the debt cycles underlying serial debt and banking crises. We test three related hypotheses at both “world” aggregate levels and on an individual country basis. First, external debt surges are an antecedent to banking crises. Second, banking crises (domestic and those in financial centers) often precede or accompany sovereign debt …
The Forgotten History of Domestic Debt
The literature on domestic debt default is sparse, as are the data. We compile a database on public debt that spans the nineteenth century to 2010. Our findings are as follows. First, domestic debt accounts for almost two‐thirds of public debt. Second, the data help to explain the puzzle of why countries default on external debts at seemingly low debt thresholds. Third, domestic debt (which is often larger than the monetary base in the run‐up to …
Public Debt Overhangs: Advanced-Economy Episodes Since 1800
We identify the major public debt overhang episodes in the advanced economies since the early 1800s, characterized by public debt to GDP levels exceeding 90 percent for at least five years. Consistent with Reinhart and Rogoff (2010) and most of the more recent research, we find that public debt overhang episodes are associated with lower growth than during other periods. The duration of the average debt overhang episode is perhaps its most striki…
The Curse of Cash
From the New York Times bestselling author of This Time Is Different , “a fascinating and important book” (Ben Bernanke) about phasing out most paper money to fight crime and tax evasion—and to battle financial crises by tapping the power of negative interest rates The world is drowning in cash—and it’s making us poorer and less safe. In The Curse of Cash , Kenneth Rogoff, one of the world’s leading economists, makes a persuasive and fascinating …
Curse of Cash
The Curse of Cash: How Large-Denomination Bills Aid Crime and Tax Evasion and Constrain Monetary Policy
From the New York Times bestselling author of This Time Is Different, "a fascinating and important book" (Ben Bernanke) about the surprising reasons why paper money lies at the heart of many of the world’s most difficult problemsThe world is drowning in cash—and it’s making us poorer and less safe. In The Curse of Cash, acclaimed economist Kenneth Rogoff explores the past, present, and future of currency, from ancient China to today’s cryptocurre…
Curse of Cash: How Large-Denomination Bills Aid Crime and Tax Evasion and Constrain Monetary Policy
Rethinking the Informal Economy and the Hugo Effect
Rethinking the Informal Economy and the Hugo Effect
This paper offers a new approach to measuring the size of the informal economy based on VAT data for the European Union. Although data intensive, our evading value added duty economy (EVADE) measure is simpler and more transparent than existing measures. EVADE also shows more variation across countries of Europe than earlier measures, including higher informality in Greece, Italy, and Spain, for example. Moreover, we find considerably higher vari…
Economics (11 works) · Global Financial Crisis and Policies (8 works) · Macroeconomics (8 works) · Monetary Policy and Economic Impact (8 works) · Monetary economics (7 works) · Banking stability, regulation, efficiency (4 works) · Debt (4 works) · Debt-to-GDP ratio (4 works) · Economic Theory and Policy (4 works) · External debt (4 works)