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The US$200 trillion Question

Tuesday, January 9, 2007

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Kenneth Rogoff

  • Professor of Economics and Public Policy at Harvard University, and formerly chief economist at the IMF.

    PERHAPS the most remarkable trend in global macroeconomics over the past two decades has been the stunning drop in the volatility of output growth. In the United States, for example, quarterly output volatility has fallen by more than half since the mid-1980s. Obviously, moderation in output movements did not occur everywhere simu

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