About Stephen
Stephen Roach is a prominent economist, former Chairman and Chief Economist of Morgan Stanley Asia, and Yale faculty member specializing in macroeconomics and the US-China relationship – with a career spanning Wall Street, academia, and policy research.
Stephen Roach has been a member of the Yale faculty since 2010. After thirteen years as the first senior fellow of Yale’s Jackson Institute of Global Affairs, he joined Yale Law School’s Paul Tsai China Center in 2022. He was formerly Chairman of Morgan Stanley Asia and the firm’s Chief Economist for the bulk of his 30-year career at Morgan Stanley.
A rare combination of thought leadership on Wall Street and academia places Stephen Roach in the unique position as a leading practitioner of analytical macroeconomics. At Yale, he introduced new courses for undergraduates and graduate students on the “The Next China” and “The Lessons of Japan.” Dr. Roach’s current research program focuses on the conflict-prone US-China relationship.
His latest book, Accidental Conflict: America, China, and the Clash of False Narratives (Yale University Press, 2022) examines the ominous trajectory of conflict escalation between the United States and China and a provides a unique roadmap for conflict resolution. His 2014 book, Unbalanced: The Codependency of America and China explored the risks and opportunities of the world’s most important economic relationship of the 21st century.
Prior to joining Morgan Stanley in 1982, Stephen Roach served on the research staff of the Federal Reserve Board and was also a research fellow at the Brookings Institution. He holds a Ph.D. in economics from New York University. Mr. Roach is a member of the Council on Foreign Relations, the Investment Committee of the Metropolitan Museum of Art, the Economics Advisory Board of the University of Wisconsin, and the Advisory Board of NYU’s Graduate School of Arts and Sciences.
