January 2001
Birth date: March 22, 1953
Married to Natasha Lance Rogoff, two children (Gabriel and Juliana)
Massachusetts Institute of Technology, Ph.D., February 1980 Doctoral Dissertation: Essays on Expectations and Exchange Rate Volatility.
Yale University, B.A./M.A. summa cum laude, Honors in Economics, May 1975.
Professor of Economics, Harvard University, September 1999-
Professor of Economics and International Affairs, Princeton University, July 1992 -; Charles and Marie Robertson Professor of International Affairs, July 1995 - Aug. 1999
Professor of Economics, University of California at Berkeley, July 1989 - June 1992.
Associate Professor of Economics, University of Wisconsin-Madison, January 1985 - June 1989.
Economist, International Finance Division, Board of Governors of the Federal Reserve System, August 1979 - September 1984; Section Chief, Trade and Financial Studies Section, October 1984-January 1985.
Economist, Research Department, International Monetary Fund, October 1982 - September 1983.
BP-LSE Visiting Centennial Professor, London School of Economics, 1998-99 academic year.
Morgenstern Visiting Professor of Economics, New York University, spring semester 1995.
Visiting Scholar, Bank of Japan, Institute for Monetary and Economic Studies, summer 1991.
Visiting Scholar, Research Department, The World Bank, summer 1989.
Visiting Scholar, Board of Governors of the Federal Reserve System, International Finance Division, 1988, 1994.
Visitor, Institute for International Economic Studies, University of Stockholm, May 1988.
Visiting Scholar, Research Department, The International Monetary Fund, 1988, 1994.
Consultant to the Bank of Portugal, summer 1977.
John Simon Guggenheim Fellow, 1998.
Fellow of the Econometric Society, 1991-
German Marshall Foundation Fellow, 1991.
National Fellow, The Hoover Institution, 1986.
Alfred P. Sloan Research Fellow, 1986.
National Science Fellowship, MIT, 1975-78.
Biographee in Who's Who in America (1971 - )
National Science Foundation Research Grants, January 1986 - December 1987, July 1988 - December 1989, March 1991 - November 1992, July 1994 - December 1996, July 1997 - December 1999.
Grant for Sawyer Seminar on European Monetary Union, Andrew W. Mellon Foundation, September 1997- August 1998.
Lynde and Harry Bradley Foundation Research Grant, January 1988 - August 1989, July 1994 - January 1996.
Alfred P. Sloan Foundation Workshop Grant, co-director (with Mark Gertler), "Financial Intermediation and Macroeconomic Behavior in an International Environment," July 1985 - June 1990.
Research Associate, National Bureau of Economic Research, 1985 - present.
Co-editor, NBER Macroeconomics Annual, 2000 -
Centre for Economic Policy Research, Scientific Advisory Committee, 2000 -
Program Committee, Alfred P. Sloan Research Fellowship in Economics, 1993-1999.
Co-Organizer, International Seminar on Macroeconomics, 1994, 1998.
Associate Editor: Review of Economics and Statistics, 1993-, Economics Letters, 1993 - 1996, Journal of International Economics, 1995 -, Quarterly Journal of Economics, 1984 - 1995, Journal of Economic Perspectives, 1987 - 1990.
Member, National Science Foundation Advisory Panel on Economics, 1988-89.
International Grandmaster of Chess, 1978 - present (inactive).
"On Why Not a Global Currency," forthcoming American Economic Review 91, May 2001, forthcoming.
"The Six Major Puzzles in International Macroeconomics: Is there a Common Cause?" (with Maurice Obstfeld), forthcoming in Ben Bernanke and Kenneth Rogoff (eds.), NBER Macroeconomics Annual 2000 (Cambridge: MIT Press). Also NBER Working Paper 7777, July 2000.
"New Directions for Stochastic Open Economy Models," (with Maurice Obstfeld), Journal of International Economics 50, Feb. 2000, 117-53.
"Monetary Models of Dollar/Yen/Euro Nominal Exchange Rates: Dead or UnDead?" Economic Journal 109, November 1999, F655-F659.
"Institutions for Reducing Global Financial Instability," Journal of Economic Perspectives 13, Fall 1999, 21-42. Also NBER Working paper 7265, July 1999.
"Perspectives on Exchange Rate Volatility," in International Capital Flows, edited by Martin Feldstein (Chicago: University of Chicago Press and the NBER, 1999), 441-53.
"The Risks of Unilateral Exchange Rate Pegs," in The Implications of Globalization of World Financial Markets, Alan Meltzer (ed.) (Seoul: The Bank of Korea, 1998), 153-170.
"Foreign and Underground Demand for Euro Notes: Blessing or Curse?" Economic Policy 26, April 1998, 263-303.
"The Purchasing Power Parity Puzzle," Journal of Economic Literature 34, June 1996, 647-68.
"The Mirage of Fixed Exchange Rates," (with Maurice Obstfeld), Journal of Economic Perspectives 9, Fall 1995, 73-96.
"Exchange Rate Dynamics Redux," (with Maurice Obstfeld), Journal of Political Economy 103, June 1995, 624-60.
"Perspectives on PPP and Long-Run Real Exchange Rates," (with Ken Froot), in Handbook of International Economics vol. 3, Gene Grossman and Kenneth Rogoff (eds.), (Amsterdam: Elsevier Science Publishers B.V., 1995): 1647-88. NBER Working Paper 4952.
"The Intertemporal Approach to the Current Account," (with Maurice Obstfeld), in Handbook of International Economics vol. 3, Gene Grossman and Kenneth Rogoff (eds.), (Amsterdam: Elsevier Science Publishers B.V., 1995): 1731-99. NBER Working Paper 4893.
"Global versus Country-Specific Productivity Shocks and the Current Account," (with Reuven Glick), Journal of Monetary Economics 35, February 1995, 159-92.
"Achieving Exchange Rate Stability in a Tri-Polar World: A Target Zone System with a Rotating Anchor," in Kumiharu Shigehara (ed.) Price Stabilization in the 1990s, (London: McMillan Press, 1993).
"Traded Goods Consumption Smoothing and the Random Walk Behavior of the Real Exchange Rate," Bank of Japan Monetary and Economic Studies 10, November 1992, 1-29. NBER Working Paper 4119.
"Official Creditor Seniority and Burden Sharing in the Former Soviet Bloc," (by Jeremy Bulow, Kenneth Rogoff and Afonso Bevilaqua, Brookings Papers in Macroeconomic Activity 1: 1992, 195-222.
"Strategic Perspectives on Economic Policy," in Andrew Stevenson and David Vines (eds.), Information, Strategic Behavior and Economic Policy, (London: Basil Blackwell, 1991).
"Dealing with Developing Country Debt in the 1990s," The World Economy 15, July 1992, 475-86.
"The EMS, the EMU, and the Transition to a Common Currency" (with Ken Froot), NBER Macroeconomics Annual 6, 1991, 269-317.
"Sovereign Debt Repurchases: No Cure for Overhang" (with Jeremy Bulow), Quarterly Journal of Economics 106, November 1991, 1219-35.
"North-South Lending and Endogenous Domestic Capital Market Inefficiencies," (with Mark Gertler), Journal of Monetary Economics 26, October 1990, 245-266.
"Bargaining and International Policy Cooperation," American Economic Review 80, May 1990, 139-142.
"Cleaning Up Third-World Debt Without Getting Taken To the Cleaners," (with Jeremy Bulow), Journal of Economic Perspectives 4 (Winter 1990), 31-42.
"Introduction" to Symposium on New Institutions for Developing-Country Debt, Journal of Economic Perspectives 4 (Winter 1990), 3-6.
"Equilibrium Political Budget Cycles," American Economic Review 80, March 1990, 21-36.
"Sovereign Debt: Is to Forgive to Forget?" (with Jeremy Bulow), American Economic Review 79 (March 1989), 43-50.
"A Constant Recontracting Model of Sovereign Debt" (with Jeremy Bulow), The Journal of Political Economy 97 (February 1989), 155-178.
"The Buyback Boondoggle" (with Jeremy Bulow), Brookings Papers on Economic Activity: no. 2, 1988, 675-698.
"Was It Real? The Exchange Rate-Interest Differential Relation Over the Modern Floating Rate Period" (with Richard Meese), The Journal of Finance 43 (September 1988), 933-948.
"Multilateral Negotiations for Rescheduling Developing Country Debt: A Bargaining-Theoretic Framework" (with Jeremy Bulow), International Monetary Fund Staff Papers 35 (December 1988), 644-657. Reprinted in Jacob A. Frenkel, Michael P. Dooley and Peter Wickham (eds.), Analytical Issues in Debt (International Monetary Fund, Washington, D.C., 1989).
"Elections and Macroeconomic Policy Cycles" (with Anne Sibert), The Review of Economic Studies 55 (January 1988), 1-16.
"Reputational Constraints on Monetary Policy," in K. Brunner and A. Meltzer (eds.), Carnegie-Rochester Conference Series on Public Policy Vol. 26 (Spring 1987). (Supplement to the Journal of Monetary Economics), 141-181. Revised and reprinted as "Reputation, Coordination and Monetary Policy" in Robert J. Barro (ed.), Modern Business Cycle Theory (Cambridge: Harvard University Press, 1989).
"Ruling Out Divergent Speculative Bubbles" (with Maurice Obstfeld), Journal of Monetary Economics 17 (May 1986), 349-362.
"The Optimal Degree of Commitment to an Intermediate Monetary Target," Quarterly Journal of Economics 100 (November 1985), 1169-1189.
"Can Exchange Rate Predictability be Achieved Without Monetary Convergence? -- Evidence from the EMS," European Economic Review 28 (June-July 1985), 93-115.
"Can International Monetary Cooperation be Counterproductive?" Journal of International Economics 18 (May 1985), 199-217.
"On the Effects of Sterilized Intervention: An Analysis of Weekly Data," Journal of Monetary Economics 14, (September 1984), 133-150.
"Exchange Rate Dynamics with Sluggish Prices under Alternative Price-Adjustment Rules" (with Maurice Obstfeld), International Economic Review 25 (February 1984), 159-174.
"The Information Content of the Interest Rate and Optimal Monetary Policy" (with Matthew Canzoneri and Dale Henderson), Quarterly Journal of Economics 98 (November 1983), 545-566.
"Time-Series Studies of the Relationship Between Exchange Rates and Intervention: A Review of the Techniques and Literature," Federal Reserve Staff Studies No. 132 (September 1983).
"Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?" (with Maurice Obstfeld), Journal of Political Economy 91 (August 1983), 675-687.
"Empirical Exchange Rate Models of the Seventies: Do They Fit Out of Sample?" (with Richard Meese), Journal of International Economics 14 (February 1983), 3-24.
"The Out-of-Sample Failure of Empirical Exchange Rate Models: Sampling Error or Misspecification?" (with Richard Meese), in Jacob Frenkel (ed.), Exchange Rates and International Macroeconomics (NBER and University of Chicago Press, 1983), 67-105.
"Negative Net Foreign Asset Positions and Stability in a World Portfolio Balance Model" (with Dale Henderson), Journal of International Economics 13 (August 1982), 85-104.
"The Consistent Application of Boundary Conditions in Rational Expectations Models" (with Matthew Canzoneri), Economic Letters 4 (December 1979).
Foundations of International Macroeconomics (with Maurice Obstfeld). Cambridge, MA.: MIT Press, September 1996, 832 pp. http://www.wws.princeton.edu/ObstfeldRogoffBook.html
Workbook for Foundations of International Macroeconomics (by Maurice Obstfeld, Kenneth Rogoff and Gita Gopinath). Cambridge, MA.: MIT Press, February 1998, 129 pp. (also available in PDF format at) http://www.wws.princeton.edu/ObstfeldRogoffBook.html
Handbook of International Economics, vol. 3, (with Gene Grossman). Amsterdam: Elsevier Science Publishers B.V., 1995. http://mcdougal.elsevier.com:80/
"Do We Really Need a New International Monetary Compact? " (with Maurice Obstfeld), National Bureau of Economic Research Working Paper 7864, August 2000.
"Perspectives on OECD Capital Market Integration: Implications for U.S. Current Account Adjustment," (with Maurice Obstfeld), forthcoming in Global Economic Integration, proceedings from conference in Jackson Hole, August 2000, Federal Reserve Bank of Kansas City.
"Risk and Exchange Rates," (with Maurice Obstfeld), August 1998. NBER Working Paper 6694, August 1998.
The Age of Diminished Expectations: U.S Economic Policy in the 1990s (by Paul Krugman), Journal of Economic Literature 29 (December 1991), 1753-55.
Exchange Rate Determination (by Anne O. Krueger), Journal of International Economics 17 (August 1984), 187-188.
Rational Expectations (by Steven M. Sheffrin), Journal of Money, Credit and Banking 17 (November 1985, part 1), 545-546.
Comment on Krugman, "It's Baaack: Japan's Slump and the Return of the Liquidity Trap," by Paul Krugman, Brookings Panel on Economic Activity 2, Fall 1998, 194-199.
"Comment" on "Cross-border emerging market lending," by Peter Aerni and George Jung, in Richard Levich (ed.), Emerging Market Capital Flows, (Boston: Kluwer Academic Publishers, 1998).
"Monetary Policy Coordination and Convergence," in Peter Newman, Murray Milgate and John Eatwell (eds.) The New Palgrave Dictionary of Money and Finance, (London: Stockton Press, 1992)
"Third World Debt," in David Henderson (ed.), Fortune Encyclopedia of Economics, 1993 (New York: Warner Books, 1993)
"Comment" on L.E.O. Svensson, "Assessing Target Zone Credibility: Mean reversion and Devaluation Expectations in the ERM, 1979-1992, European Economic Review 37 (May 1993).
"Comment" on Peter Isard, "Fiscal Conditions and Internationalization: Implications for Monetary Policies and Financial Conditions," in Peter Hooper et. al. (eds.), Financial Sectors in Open Economies: Empirical Analysis and Policy Issues, (Washington: The Board of Governors of the Federal Reserve System, 1990).
"Comment" on Constantijn Claessens and Ishac Diwan, "Market-Based Debt Reduction," in Ishrat Husain and Ishac Diwan (eds.) Dealing with the Debt Crisis, (Washington: The World Bank, 1989).
"Comment" on Alberto Alesina, "Macroeconomics and Politics," in Stanley Fischer (ed.), 1988 NBER Macroeconomics Annual (Cambridge: MIT Press), 52-56.
"Comment" on D. Backus, M. Devereux and D. Purvis, "A Positive Theory of Fiscal Policy in Open Economies," in Jacob Frenkel (ed.), International Aspects of Fiscal Policies (University of Chicago Press and the NBER, 1988).
"Comment" on Edward C. Prescott, "Theory Ahead of Business Cycle Measurement," in K. Brunner and A. Meltzer (eds.), Carnegie Rochester Conference Series on Public Policy Vol. 25 (Fall 1986).
"Comment" on Gilles Oudiz and Jeffrey Sachs, "International Policy Coordination in Dynamic Macroeconomic Models," in W. H. Buiter and R. C. Marston (eds.), International Coordination of Economic Policy (NBER and Center for Economic Policy Research, 1985).
"Comment" on Jose Saul Lizondo, "Interest Differential and Covered Arbitrage," in Rudiger Dornbusch and Maurice Obstfeld (eds.), Financial Problems and the World Capital Market: The Problem of Latin American Countries (NBER and University of Chicago Press, 1983).