2014 Eli F Heckscher Lecture – Professor Kenneth Rogoff, Harvard University: "Lessons from Financial Crises"
Research, Outreach, Seminar
Kenneth Rogoff holds Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University and was the Charles and Marie Robertson Professor of International Affairs at Princeton University.
2014-09-02 at 17:15
2014-09-02 at 18:45
The Auditorium, Sveavägen 65
From 2001 to 2003, Rogoff served as Chief Economist and Director of Research at the International Monetary Fund.
He has studied topics like financial crises, central bank independence, exchange rates, current account imbalances and political budget cycles. A number of his books, such as Foundations of International Macroeconomics and Handbook of International Economics, are held as cornerstones of their respective fields.
His recent academic book with Carmen Reinhart, This Time is Different: Eight Centuries of Financial Folly, builds on a massive new data set covering 66 countries and 800 years. The book shows the remarkable quantitative similarities across time and countries in both the run-up to, and the aftermath of, severe financial crises. Despite the vastly different political, institutional, legal and economic circumstances across which various crises have unfolded, this fact suggests deeper behavioral links. His work on international financial crises proved quite useful for policymakers in the aftermath of the 2008 global financial crisis. And this was especially true given the collapse of conventional empirical macroeconomic models.