Kenneth Rogoff

About

Kenneth Rogoff is the Maurits C. Boas Professor of Economics at Harvard University and a former chief economist at the International Monetary Fund (IMF). He is widely recognized for his influential 2009 book co-authored with Carmen Reinhart, "This Time Is Different: Eight Centuries of Financial Folly," which demonstrates the remarkable quantitative similarities across time and countries in the roots and aftermath of debt and financial crises. Rogoff has made pioneering contributions to the study of central bank independence and exchange rates. He is also the co-author of the widely-used graduate textbook, "Foundations of International Macroeconomics." In 2016, he published "The Curse of Cash," a book that explores the history and future of currency, from standardized coinage to cryptocurrencies. His monthly syndicated column on global economic issues is published in over 50 countries. Rogoff's forthcoming 2025 book, "Our Dollar, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance and the Road Ahead," offers a comprehensive view of the post-war rise of the U.S. dollar, the challenges faced by the rest of the world in dealing with it, and insights into the evolving global financial system. He is an elected member of the National Academy of Sciences and the American Academy of Arts and Sciences, and is consistently ranked among the top dozen most cited economists worldwide. In addition to his academic research and lectures, Professor Rogoff frequently…

Research topics

• Finance
• Economics
• Political Science
• Monetary economics
• Geography
• Financial system
• International economics
• Macroeconomics
• Environmental science
• Business

Selected publications

• Rethinking exchange rate regimes

  Handbook of international economics · 2022 · 69 citations

  Senior authorCorresponding
  DOI

• Has China's Housing Production Peaked?

  China & World Economy · 2021 · 55 citations

  1st authorCorresponding

  Abstract China's real estate has been a key engine of its sustained economic expansion. This paper argues, however, that even before the COVID‐19 shock, a decades‐long housing boom had given rise to severe price misalignments and regional supply–demand mismatches, making an adjustment both necessary and inevitable. We make use of newly available and updated data sources to analyze supply–demand conditions in the fast‐moving Chinese economy. The imbalances are then compared to benchmarks from oth…

  DOI

• Long-Run Trends in Long-Maturity Real Rates, 1311–2022

  American Economic Review · 2024-07-30 · 41 citations

  article1st authorCorresponding

  Taking advantage of key recent advances in long-run economic and financial data, we analyze the statistical properties of global long-maturity real interest rates over the past seven centuries. In contrast to existing consensus, we find that real interest rates are in fact trend stationary and exhibit a persistent downward trend since the Renaissance. We investigate structural breaks in real interest rates over time and find that overall the Black Death and the 1557 “Trinity default” appear as c…

  PublisherDOI

• Falling real interest rates, rising debt: A free lunch?

  Journal of Policy Modeling · 2020 · 39 citations

  1st authorCorresponding
  DOI

• Decrypting new age international capital flows

  Journal of Monetary Economics · 2023-06-01 · 29 citations

  articleOpen accessSenior authorCorresponding
  PublisherOA PDFDOI

Recent grants

• International Financial Crises in Long-Term Historical Perspective

  NSF · $470k · 2009–2015

Frequent coauthors

• Carmen Reinhart

  298 shared

• Eswar Prasad

  95 shared

• M. Ayhan Köse

  Brookings Institution

  80 shared

• Shang‐Jin Wei

  National Bureau of Economic Research

  79 shared

• Barbara Rossi

  69 shared

• Maurice Obstfeld

  60 shared

• Yu-Chin Chen

  University of Arizona

  56 shared

• Jeremy Bulow

  Stanford University

  35 shared

Education

• Ph.D., Economics

  Massachusetts Institute of Technology

  1979

• B.A., Economics

  Yale University

  1975

Awards & honors

• 2011 winner of the biennial Deutsche Bank Prize awarded by t…

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