Professor of Economics and Public Policy at Harvard and recipient of the 2011 Deutsche Bank Prize in Financial Economics, was the chief economist of the International Monetary Fund from 2001 to 2003. His most recent book, co-authored with Carmen M. Reinhart, is This Time is Different: Eight Centuries of Financial Folly.
What impact will China’s slowdown have on the red-hot contemporary art market? For emerging-market investors, art has become a critical tool for facilitating capital flight and hiding wealth. These investors, particularly the Chinese, have become a major factor in the art market’s spectacular price bubble of the last several years. So, with emerging market economies […]