JEFFREY FRANKEL ON AMERICAN & INTERNATIONAL ECONOMIC POLICY
Articles on Domestic American Political Economy
“A Lesson From the South for Fiscal Policy in the US and Other Advanced Countries,” for Comparative Economic Studies, 2011. HKS RWP11-014, Feb.2011. Nov.2010, for Symposium on Reviving Inclusive Growth, NYU, October 2010.
“Snake-Oil Tax Cuts,” Economic Policy Institute, Briefing Paper 221. Presented at panel on The Economics, History, and Public Debate of Supply-Side Policies, Center for American Progress, Washington, DC, Sept.12, 2008. HKS RWP 08-056 [Cited in "Financial crisis: the latest blow to free-market 'dogma'," D.Francis, Christian Science Monitor, Oct. 6, 2008. And J.Sullivan 9/11/08.]
"Responding to Crises,"
Published
in Cato
Journal 27,
no.2,
Spring/Summer 2007,
pp.165-178.
KSG
RWP07-010. 24th
Annual Monetary Conference,
Cato Institute;
slides.
What Can an Economic Adviser Do When
He Disagrees with the President?",
Challenge, 46, no. 3, May/June 2003,
pp.1-24.
Republican and Democratic Presidents
Have Switched Economic Policies,” Milken
Institute Review.
vol. 5, no.1, 1st Quarter, 2003, pp.18-25.
[Lawyer John Dean
apparently agrees, Feb. 28, 2008.]
|
American Economic Policy in the 1990s, edited with Peter Orszag
(MIT
Press: Cambridge MA, 2002). Introduction.
|
Op-eds & Speeches on Developments in American Economic Policy
2001-12
"Did
Obama Turn Around the Economy?"
Project Syndicate, Feb.20, 2012.
At
Fair
Observer.
Background graphs: "The 2009 Economic Turnaround."
"Economic
& Fiscal Outlook," April 30, 2012.
March
6, 2012.
Senior
Executive Fellows, HKS, "Back
to School on the Budget: History & Arithmetic,"
Slides,
SEF, March 14,
2011.
|
"It
May Be Slow, But at Least It's a Recovery,"
slides, SEF,
Harvard.
Oct. 25, 2010. |
|
“Is
the Debt Important?”, New England Republican Council
Issues Conference, Boston, April 2007.
“What Do
Economists Mean by Globalization? Implications for Inflation and Monetary
Policy,” Oct.4 draft; for Academic Consultants Meeting, Board of
Governors of the Federal Reserve System, Sept.28, 2006.
Slides with graphs.
To
be published in Economic Integration -
Global Experience, The Icfai University (Institute of Chartered Financial Analysts of
India): Hyderbad; expected date: 2007.
"The Economic Outlook and the Twin Deficits," Boston Economic Club, May 24, 2006. Earlier versions were presented at The Columbus Group, Harvard University, Feb.; an Ambrosetti meeting, Villa d’Este, Italy, March; the Economic Advisory Panel Meeting of the Federal Reserve Bank of NY, April; and the Real Estate Academic Initiative, at Harvard University, April 19, 2006.
“How disruptive would $80-$100 oil be to the US and global economies?” April 2006, question for The International Economy.
"As a Budget Storm Gathers, Bush Ignores Fiscal Forecasts," published in The Forward, Sept. 16-22, 2005.
"What Can An Economic Adviser Do When the
President Adopts Bad Economic Policies?"
The Pierson Lecture, Swarthmore College,
Apr. 2005.
.
Incl. tribute to Bernie
Saffran.
"The Wrong Approach," Jeffrey Frankel and Jessica Stern, The Baltimore Sun, Oct. 29, 2004. Pg. 17A.
"A Debate on the Deficit," Challenge, Nov.2004, pp. 12-45. Reprinted as Chapter 13, The Political Economy of the Deficit, in The Means to Prosperity: Fiscal Policy Reconsidered, edited by Per Gunnar Berglund & Matias Vernengo (Routledge, NY), 2006, pp.255-286.
"Ten Defenses for Irresponsible Tax Cuts, and Why They are Wrong," panel on The Budget Deficit and the American Economy with Richard Darman, Glenn Hubbard, and Alice Rivlin, Kennedy School, April 30, 2004.
"It's a Tough Job to Create Jobs," Washington Post, Outlook, Sunday, April 11, 2004.
Interview Clip on Taxes and the 2004 Presidential Election.
"The Jobless Recovery," published in The Forward, Dec. 19, 2003.
A Link Between Bush Tax Policy and Recession? Oct.9, 2003.
“Lessons from Recent US Economic Policy,” from Economics for An Imperfect World, presented at Joe Stiglitz’s 60th Birthday, Columbia Univ., Oct.2003.
[List of Economists Opposing the Bush Tax Cuts, EPI, 2003]
"What is the White House Trying to Do?" published as "Bush's Tax cut Policy is a Bad Investment," in The Forward, June 27, 2003.
When An Economic Adviser Disagrees with the President, Financial Times, March 31, 2003 (.pdf)
"Deficits
and Decades: Lessons
from US Economic Policy in the 1990s,"
speech at
ICRIER, New Delhi, India, Jan. 15, 2003.
"Trading Places", Financial Times, September 13, 2002.
"Implications of the 9/11 Attacks: Historical Precedents," presented at Academic Advisory Council, Federal Reserve Bank of Boston, 9/21/01; and BCSIA Board of Directors, Harvard 10/9/01.
Developments in International Economic Policy
“Economic Shocks and Their Implications for International Politics,” forthcoming, Survival. M-RCBG WP 12-05. Written for Conference on A New Era of Geo-economics: Assessing the Interplay between Political and Economic Risk, International Institute for Strategic Studies, Bahrain, March 2012.
"Over-optimism in Forecasts by Official Budget Agencies and Its Implications," Oxford Review of Economic Policy, 2011. NBER WP 17239, July 2011; Summary in NBER Digest, Nov.2011. ["Should governments be more pessimistic?" Washington Post wonkblog, 10/27/2011. 4. Seattle Times, 7/31/2011. "Decade of Stimulus" Bloomberg, Aug.4.]
“Combating Agricultural Price Volatility,” Project Syndicate, June 27, 2011.
“How Developing Nations Escaped Procyclical Fiscal Policy," Vox, June 23, 2011.
“Who Should Lead the IMF?” Project Syndicate, May 27, 2011, incl. FT Deutschland. ["Why is the IMF Chief Almost Always French?" The New Republic , July 5, 2011.]
"A
Lesson from the South for Fiscal Policy in the US & Other Advanced Countries,"
Comparative Economic Studies,
53,
no.3,
Sept.2011,
pp.407-430.
Slides,
Short version,
slides, India Planning Commission
Workshop on Restoring Inclusive Growth,
NYU, Oct.2010.
The Danger of Divergence: Transatlantic Cooperation on Financial
Reform,
complete report,
Atlantic
Council, Oct. 2010.
"IMF:
Destroyer of Nations?" video, Crosstalk, Oct. 18, 2010.
"The World Monetary System: Time for a 'New Bretton Woods'?"
presented at HM Treasury, June 16, 2010,
London.
"What’s
'In' and What’s 'Out' in Global Money,"
Finance and Development,
IMF, September 2009, 13-17.
"The Dollar Share in Central Banks’ FX Reserves Resumes its Decline" Blog, Oct.1, 2009.
"Global
Crisis," slides, CID, Sept.14,
2009.
"Global
Financial Crisis," slides, Boston Committee on Foreign Relations,
The Union Club, Boston, May 12.
"The Current Global
Crisis," slides, Cutting Edge in Development Thinking,
Harvard, May 6, 2009.
"Anatomy of the
Financial Crisis, with comments on Acemoglu, Brunnermeier, El-Erian and Portes,"
slides,
Meeting
of
Commission on Growth & Development ,
at Center for International Development, Harvard, April
20-21, 2009.
"The Global Economic Situation," slides. China Future Leadership Project, Feb. 3, 2009.
“Recession in Advanced Economies: A View from the United States," slides, The Bellagio Group, Toronto, Jan. 30, 2009.
"The
euro is a credible challenger to the dollar in the wake of the financial crisis
of 2008." CQ Global Researcher, vol. 2, no. 10, Oct. 2008,
p. 287.
"The
Twin Deficits Are Back!" Fidelity Investments, May 5, 2008.
Slides.
Comment on “How Long Can the Unsustainable US Deficit Be Sustained?” by C. Bertaut, S.Kamin & C.Thomas, Conference on Global Economy in Balance, U.Wisconsin, May 2, 2008.
“Why
the Euro Will Rival the Dollar”
(with Menzie Chinn),
International Finance (Blackwill Publishers), 11, no. 1, 2008, 49-73.
Serbian translation,
Panoeconomicus, vol.55,
no. 3,
2008, 255-78.
Revised version of “The Euro May Over
the Next 15 Years Surpass the Dollar as Leading International Currency."
RWP08-016 and NBER
WP 13909 .
“Getting
Carried Away: How the Carry Trade and Its Potential Unwinding Can Explain
Movements in International Financial Markets,” Nov. 2007.
Version edited (no footnotes or
references) for the
Milken Institute Review,
1st Quarter, 2008 .
“Eight
Reasons We Are Given Not to Worry About the US Deficits,” Working Paper No.
58, 2009, Commission on Growth and Development, chaired by
Michael
Spence.
Originally written for workshop on Global Trends and
Challenges, Yale University, Sept. 2007, as
“Nine Reasons We Are Given Not
to Worry About the US Deficits,”
“Nine Reasons
You Have Heard Why We Are Not Supposed to Worry About the US Deficits,”
Powerpt
slides, World Economic Outlook Conference,
Global Insight, Boston, Oct. 30,
2007.
“Global Imbalances and Low Interest Rates: An Equilibrium Model vs.a
Disequilibrium Reality," rev. Dec. 2006 Comments in response to
the paper (AER 2008)
by R.
Caballero
,
E. Farhi & P. Gourinchas,
BIS
Working Paper 222, December 2006, BIS Annual Research Conference, Brunnen, Switzerland, June 19-20, 2006
. KSG RWP06-035.
Abstract,
[JF quote in "Two Deficits, Fed Turnover ," The New York Times, International, Feb. 2, 2006]
"Could the Twin Deficits Jeopardize US Hegemony?" in Twin Deficits, Growth and Stability of the US Economy, Special Issue of Journal of Policy Modeling, edited by Dominick Salvatore, vol. 28, no.6, Sept. 2006, pp. 653-663.
What's Ahead: Decade of the Dollar, the Euro, or the RMB?" Eurobank, Athens, Greece, June 21, 2005.
"The Dollar and the Deficit: Is a Crisis Looming?" Spring Conference, KSG, Harvard University, May 14, 2005. slides
“Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?” with Menzie Chinn, 2007, in G7 Current Account Imbalances: Sustainability and Adjustment, edited by Richard Clarida (University of Chicago Press: Chicago). NBER WP 11510. Newport, RI, June 2005. .
"Back
to The
Twin Deficits," Notes presented at Bellagio Group,
Amsterdam, Jan. 20-21, 2005.
Written
up for
The
Analyst, Harvard Investment Quarterly, May 7, 2005.
"Twin Deficits and Twin Decades," presented at a conference held by the Federal Reserve Bank of Boston, at Wequassett, June 2004. In The Macroeconomics of Fiscal Policy (MIT Press: Cambridge MA), edited by Richard Kopcke, Geoffrey Tootell and Robert Triest, 2006, pp. 321-335.
"The Flubbed Opportunity for the US to Exercise Global Economic Leadership". Published as "Bush's Spectacular Failure" [not my choice of title!] in The International Economy, XVIII, no. 2, Spring 2004.
"Economic Advantages of America," delivered at Schloss Schönbrunn,Vienna, Austria, 16 May, 2001; and Dublin Castle, Dublin, Ireland, 7 June, 2001
Page last modified: 05/01/2012 12:07:26 PM
