Stephen Roach

Stephen Roach is a Senior Fellow at Yale University's Jackson Institute for Global Affairs. He was formerly Chairman of Morgan Stanley Asia and the firm's Chief Economist. Roach's current teaching and research program focuses on the impacts of Asia on the broader global economy. At Yale, he has introduced new courses for undergraduates and graduate students on the "The Next China" and "The Lessons of Japan." His latest book, Unbalanced: The Codependency of America and China (Yale University Press, Jan. 2014) examines the risks and opportunities of the world's most important economic relationship of the 21st century.

Prior to joining Morgan Stanley in 1982, Roach served on the research staff of the Federal Reserve Board and was also a research fellow at the Brookings Institution. He also served on the research staff of the Federal Reserve Board in Washington, D.C. from 1972-79.

Roach's research covers a broad range of topics, with recent emphasis on globalization, the emergence of China, productivity and the macro paybacks of information technology. His work has appeared in academic journals, books, congressional testimony and on the op-ed pages of the Financial Times, New York Times, Washington Post and Wall Street Journal.

He holds a Ph.D. in economics from New York University and a bachelor's degree in economics from the University of Wisconsin.