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John F. Kennedy School of Government
79 JFK Street
Cambridge, MA 02138
Jeffrey A. Frankel is James W. Harpel
Professor of Capital Formation and Growth. He directs the Program
in International Finance and Macroeconomics at the National Bureau of Economic Research,
where he is also on the Business Cycle Dating Committee, which
officially declares recessions. He served at the Council of
Economic Advisers in 1983-84 and 1996-99;as CEA Member in the
Clinton Administration, Frankel's responsibilities included
international economics, macroeconomics, and the environment.
Before coming to Harvard in 1999, he was Professor of Economics at
the University of California at Berkeley. He currently serves on
the Monetary Policy Committee of Mauritius and on advisory panels
for the Federal Reserve Banks of New York and Boston.
His research interests include international
finance, commodities, currencies, crises, monetary policy, fiscal
policy, regional blocs, and international environmental issues.
Born in San Francisco, he graduated from Swarthmore College, and
received his economics PhD from MIT.
Advanced Macroeconomics for the Open Economy I
The Economics of International Financial Policy
Jeffrey Frankel welcomes media inquiries on the following subjects:
Additional experts may be found by clicking on each subject listed. You may contact faculty directly or if you need assistance contact the Communications Office at 617-495-1115.
For a complete list of faculty citations from 2001 - present, please visit the Harvard Kennedy School Research Report Online.
Selected Publication Citations:
- Academic Journal/Scholarly Articles
Frankel, Jeffrey A., and Jesse Schreger. "Over-optimistic Official
Forecasts and Fiscal Rules in the Eurozone." Review of World
Economics (published online, February 14, 2013).
Frankel, Jeffrey A., Carlos A Vegh, and Guillermo Vulentin. "On
Graduation from Fiscal Procyclicality." Journal of Development
Economics 100.1 (January 2013): 32–47.
Frankel, Jeffrey A. "Internationalization of the RMB and Historical
Precedents." Journal of Economic Integration 27.3 (September
Frankel, Jeffrey A. "Economic Shocks and International Politics."
Survival: Global Politics and Strategy 54.3 (June/July
Frankel, Jeffrey A., David Parsley, and Shang-Jin Wei. "Slow
Pass-through Around the World: A New Import for Developing
Countries?" Open Economies Review 23.2 (April 2012):
Frankel, Jeffrey A. "Product Price Targeting -- A New Improved Way
of Inflation Targeting." Macroeconomic Review XI.1 (April
Frankel, Jeffrey A. "What Small Countries Can Teach the World."
Business Economics 47 (2012): 97–103.
- Book Chapters
Frankel, Jeffrey A. "The Natural Resource Curse: A Survey of
Diagnoses and Some Prescriptions." Commodity Price Volatility
and Inclusive Growth in Low-Income Countries. Ed. Rabah Arezki,
Catherine A Pattillo, Marc Quintyn, and Min Zhu. International
Monetary Fund, October 2012.
Frankel, Jeffrey A. "Choosing an Exchange Rate Regime." Handbook
of Exchange Rates. Ed. Jessica James, Ian Marsh, and Lucio
Sarno. Wiley, 2012, 767.
Frankel, Jeffrey A. "Will Europe’s Fiscal Compact Work?" Project
Syndicate, January 18, 2013.
Frankel, Jeffrey A. "Cuban Time Travel." Project Syndicate,
November 22, 2012.
Frankel, Jeffrey A. "Four Magic Tricks for Fiscal Conservatives."
Project Syndicate, October 22, 2012.
Frankel, Jeffrey A. "A Flock of Black Swans." Project
Syndicate, August 20, 2012.
Frankel, Jeffrey A. "Could Eurobonds Be the Answer to the Eurozone
Crisis?" Voxeu.org, June 27, 2012.
Frankel, Jeffrey A. "The Death of Inflation Targeting."
Voxeu.org, June 19, 2012.
Frankel, Jeffrey A. "Budgetary Wishful Thinking." Project
Syndicate, April 12, 2012.
- Edited Volumes
Frankel, Jeffrey A., and Christopher Pissarides, eds. NBER
International Seminar on Macroeconomics 2011, Volume 8.
University of Chicago Press, 2012.
- HKS Faculty Research Working Paper Series
Frankel, Jeffrey A. "National Security Warrants Slowing Domestic
Oil Depletion, Not Accelerating It." HKS Faculty Research Working
Paper Series, August 2013 (first draft).
Frankel, Jeffrey A. "Effects of Speculation and Interest Rates in a
“Carry Trade” Model of Commodity Prices." HKS Faculty Research
Working Paper Series RWP13-022, June 18, 2013.
Frankel, Jeffrey A. "The Future of the Currency Union." HKS Faculty
Research Working Paper Series RWP13-015, May 2013.