Kenneth Rogoff
Encyclopedia
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
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...

. He is also a chess Grandmaster.

Early life

Rogoff grew up in Rochester, New York
Rochester, New York
Rochester is a city in Monroe County, New York, south of Lake Ontario in the United States. Known as The World's Image Centre, it was also once known as The Flour City, and more recently as The Flower City...

. His father was a Professor of Radiology at the University of Rochester
University of Rochester
The University of Rochester is a private, nonsectarian, research university in Rochester, New York, United States. The university grants undergraduate and graduate degrees, including doctoral and professional degrees. The university has six schools and various interdisciplinary programs.The...

. He attended East High School
East High School (Rochester, New York)
East High School is a public high school serving the seventh through twelfth grade in Rochester, NY and is part of the Rochester City School District The Principal is Mr. Anibal Soler.-History:...

.

Rogoff received a B.A.
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...

 from Yale University
Yale University
Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...

 summa cum laude in 1975, and a Ph.D.
Ph.D.
A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...

 in Economics from the Massachusetts Institute of Technology
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...

 in 1980.

Career

Early in his career, Rogoff served as an economist at the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

 (IMF), and at the Board of Governors of the Federal Reserve System
Federal Reserve System
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913 with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907...

.

He is an elected member of the American Academy of Arts and Science as well as a Fellow of the Econometric Society
Econometric Society
The Econometric Society is an international society for the advancement of economic theory in its relation with statistics and mathematics. It was founded on December 29, 1930 at the Stalton Hotel in Cleveland, Ohio....

, and a former Guggenheim Fellow.

Rogoff was the Charles and Marie Robertson Professor of International Affairs at Princeton University
Princeton University
Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....

.

He later served as Economic Counsellor and Director, Research Department of the IMF, 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
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

 and 2001 Nobel Prize
Nobel Prize
The Nobel Prizes are annual international awards bestowed by Scandinavian committees in recognition of cultural and scientific advances. The will of the Swedish chemist Alfred Nobel, the inventor of dynamite, established the prizes in 1895...

 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

His most recent book This Time Is Different: Eight Centuries of Financial Folly, of which he was a co-author with Carmen Reinhart
Carmen Reinhart
-External links:*...

, was released in October 2009.

Chess career

Rogoff was a gifted chess
Chess
Chess is a two-player board game played on a chessboard, a square-checkered board with 64 squares arranged in an eight-by-eight grid. It is one of the world's most popular games, played by millions of people worldwide at home, in clubs, online, by correspondence, and in tournaments.Each player...

 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
U.S. Chess Championship
The U.S. Chess Championship is an invitational tournament held to determine the national chess champion of the United States. Since 1936, it has been held under the auspices of the U.S. Chess Federation. Until 1999, the event consisted of a round-robin tournament of varying size...

 and draws
Draw (chess)
In chess, a draw is when a game ends in a tie. It is one of the possible outcomes of a game, along with a win for White and a win for Black . Usually, in tournaments a draw is worth a half point to each player, while a win is worth one point to the victor and none to the loser.For the most part,...

 in individual games against former world champions Mikhail Tal
Mikhail Tal
Mikhail Tal was a Soviet–Latvian chess player, a Grandmaster, and the eighth World Chess Champion.Widely regarded as a creative genius, and the best attacking player of all time, he played a daring, combinatorial style. His play was known above all for improvisation and unpredictability....

 and Tigran Petrosian
Tigran Petrosian
Tigran Vartanovich Petrosian was a Soviet-Armenian grandmaster, and World Chess Champion from 1963 to 1969. He was nicknamed "Iron Tigran" due to his playing style because of his almost impenetrable defence, which emphasised safety above all else...

.

External links

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