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person > Kenneth Rogoff
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The IMF's former chief economist wonders why the euro is trading at a 40 per cent premium against the US dollar.
Since the financial crisis began in 2008, political discourse in the US has been awash in defence mechanisms.
The European Commission's plan to tax financial transactions might prove counter-productive in the long run.
Using inflation as a tool to restore economic health in the US is a risky strategy - and may just make matters worse.
If the IMF does not push for dramatic reforms in the eurozone, its future and Europe's will be at stake.
The global economy is misdiagnosed as being in a "Great Recession", but the real problem is an overleveraged system.
Debt-to-GDP ratios should be less of a concern than our inability to see these indicators as artificial and irrelevant.
Income disparity is the biggest threat to social stability around the world, and is being exacerbated by globalisation.
Liquidity injections and bailouts serve only one purpose - to buy time. Yet time is not the answer.
Europe is in constitutional crisis and is in need of a sensible resolution of its peripheral countries' debt crisis.
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