• Kenneth Rogoff


December 16, 2021, Video: "Inflation has Kenneth Rogoff worrying that quicker Federal Reserve interest-rate hikes could spell trouble for emerging markets.  “Developing economies are just an accident waiting to happen,” the Harvard University economics professor said on Bloomberg TV on Wednesday, before the Fed’s policy decision. “There are already a lot of problems in what we call the frontier emerging markets.”  A full percentage-point of Fed rate increases next year could shut some countries out of markets, further straining already vulnerable fiscal situations. He pointed to Egypt, Pakistan and Ghana as nations already battling large debt obligations, narrower market access and, in some cases, double-digit inflation."

Non-HKS Faculty Website - Kenneth Rogoff