The Austin Robinson Memorial Prize - Royal Economic Society

m o n d a y 2 6 m a r c h
t u e s d a y 2 7 m a r c h w e d n e s d a y 2 8 m a r c h
2012 p l e n a r y p a n e l
Lessons from the European Debt Crisis
Session Chair: Giancarlo Corsetti; University of Cambridge
Sponsored by Clare College, Cambridge, Time: 11:30 – 13:00
and The Paul Mellon Professorial Fund Location: West Road Concert Hall
Panel:
Ken Rogoff, harvard University
Kenneth Rogoff is Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard
University. From 2001-2003, Rogoff served as Chief Economist and Director of Research at the
International Monetary Fund. Rogoff’s treatise Foundations of International Macroeconomics (joint with
Maurice Obstfeld) is the standard graduate text in the field worldwide, and his monthly syndicated
column on global economic issues is published regularly in over 50 countries. His 2009 book with
Carmen Reinhart, This Time is Different: Eight Centuries of Financial Folly (Princeton University Press),
builds on a large and new data set covering 66 countries and 800 years. The book (a New York Times,
Amazon, and international bestseller) shows the remarkable quantitative similarities across time and
countries in both the run-up to, and the aftermath of, severe financial crises. Rogoff is also known for
his empirical work on exchange rates and for his seminal research on central bank independence and
inflation targeting as an institutional device for enhancing the credibility of monetary policy.
Rogoff is an elected member of the National Academy of Sciences and the American Academy of Arts
and Sciences, as well as the Council on Foreign Relations and the Group of Thirty. He has been invited
to give numerous research lectures at universities around the world, and also speaks widely on global
economic issues. He holds the life title of international grandmaster of chess. He is 2011 winner of the
biennial Deutsche Bank Prize awarded by the Center for Financial Economics, as well as the 2011 Adam
Smith award. Rogoff is on the Economic Advisory Panel of the Federal Reserve Bank of New York.
guillermo Calvo, Columbia University
Guillermo Calvo is Professor of Economics, International and Public Affairs, and Director of the Program
in Economic Policy Management (PEPM) at Columbia University since January 2007. He is a Research
Associate at the National Bureau of Economic Research (NBER). He is the former Chief Economist of
the Inter-American Development Bank (2001-2006), President of the Latin American and Caribbean
Economic Association, LACEA, 2000-2001, and President of the International Economic Association,
IEA, 2005-2008. He graduated with a Ph.D. from Yale in 1974.
He was professor of economics at Columbia University (1973-1986), the University of Pennsylvania
(1986-1989), and Distinguished University Professor at the University of Maryland (1993-2006). He was
Senior Advisor in the Research Department of the IMF (1988-1993), and afterwards advised several
governments in Latin America and Eastern Europe.
Honours include: Simon Guggenheim Foundation Fellowship for 1980-1981, King Juan Carlos Prize in
Economics in 2000, LACEA 2006 Carlos Diaz-Alejandro Prize; and fellow of the Econometric Society, the
American Academy of Arts and Sciences, and the National Academy of Economic Sciences (Argentina).
On April 15-16, 2004, the Research Department of the IMF sponsored a conference in his honour.
He has testified before the U.S. Congress on dollarisation and the 1994 Mexican crisis.
His main field of expertise is macroeconomics of Emerging Market and Transition Economies. His recent
work has dealt extensively with capital flows and balance-of-payments crises in Emerging Market
Economies. He has published several books and more than 100 articles in leading economic journals. His
latest book “Emerging Capital Markets in Turmoil: Bad Luck or Bad Policy?” was published in 2005 by
MIT Press, Cambridge, MA.
Lorenzo Bini Smaghi, Visiting Scholar at harvard’s Weatherhead Center for
international Affairs
Lorenzo Bini Smaghi is currently Visiting Scholar at Harvard’s Weatherhead Center for International
Affairs. He is Chairman of the Board of SnamReteGas and of Fondazione Palazzo Strozzi.
From June 2005 to December 2011 he was a Member of the Executive Board of the European Central
Bank, where he was responsible for international and European relations, for the legal department of
the Bank and for the new building project.
He holds a Master’s degree in Economics from the University of Southern California and a Ph.D from
the University of Chicago. He is author of several articles and books on international and European
monetary and financial issues. He is married and has two children.
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