"According to economists Carmen Reinhart and Ken Rogoff, whose views we share, crossing the 90% debt/GDP threshold is the equivalent of crossing the proverbial Rubicon of economic growth. It’s a point from which it’s almost impossible to return.
Who is Ken Rogoff?
From Wikipedia:
Kenneth Saul "Ken" Rogoff (born March 22, 1953) is currently the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University.
Early life
Rogoff grew up in Rochester, New York. His father was a Professor of Radiology at the University of Rochester. He attended East High School.
Rogoff received a B.A. from Yale University summa cum laude in 1975, and a Ph.D. in Economics from the Massachusetts Institute of Technology in 1980.
Early in his career, Rogoff served as an economist at the International Monetary Fund, and at the Board of Governors of the Federal Reserve System.
He is an elected member of the American Academy of Arts and Science as well as a Fellow of the Econometric Society, and a former Guggenheim Fellow.
Rogoff was the Charles and Marie Robertson Professor of International Affairs at Princeton University.
He later served as Economic Counsellor and Director, Research Department of the International Monetary Fund from August 2001 to September 2003.
Rogoff was also in the spotlight because of his dispute with Joseph Stiglitz, a former Chief Economist of the World Bank and 2001 Nobel Prize winner. The dispute was triggered by the critique made by Stiglitz on the International Monetary Fund. Rogoff, in response to the critique, wrote an Open Letter To Joseph Stiglitz.
Publications
Rogoff has published extensively on policy issues in international finance, including exchange rates, international debt issues, and international monetary policy. Together with Maurice Obstfeld, he is co-author of a 1996 graduate text/treatise Foundations of International Macroeconomics.
His most recent book This Time is Different: Eight Centuries of Financial Folly, co-authored with Carmen Reinhart, was released in October 2009.
Family
Rogoff is married to Natasha Lance Rogoff, and has two children, Gabriel and Juliana.
Chess career
Rogoff is a gifted chess player and in the late 1970s was one of the strongest players in the United States. He attained the rank of National Master at the age of 14, and was awarded the titles of International Master in 1974 and Grandmaster in 1978. Notable results included second place in the 1975 U.S. Championship and draws in individual games against former world champions Mikhail Tal and Tigran Petrosian.
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