Authors:

  • Kenneth Rogoff

Excerpt

March 2, 2020, Opinion: "Policymakers and too many economic commentators fail to grasp how the next global recession may be unlike the last two. In contrast to recessions driven mainly by a demand shortfall, the challenge posed by a supply-side-driven downturn is that it can result in sharp drops in production, generalized shortages, and rapidly rising prices." 

Non-HKS Author Website - Kenneth Rogoff