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Harvard Kennedy School faculty disseminate their research in working papers and publications that contribute to public knowledge and fuel policy innovation. This list features recent faculty publications, including journal articles, books, edited volumes, research papers, and public testimony.

Faculty Papers and Publications

Wagner, Alexander F., Richard J. Zeckhauser, and Alexandre Ziegler. "The Tax Cuts and Jobs Act: Which Firms Won? Which Lost?" HKS Faculty Research Working Paper Series RWP20-018, June 2020.
Frankel, Jeffrey A. "The US is Officially in Recession Thanks to the Coronavirus Crisis." The Guardian, June 16, 2020.
Bilmes, Linda J., and John B. Loomis. Valuing U.S. National Parks and Programs: America's Best Investment, 1st edition. Routledge, 2020.
Ilzetzki, Ethan, Carmen M. Reinhart, and Kenneth S. Rogoff. "Why is the Euro Punching Below Its Weight?" HKS Faculty Research Working Paper Series RWP20-013, May 2020.
Bartik, Alexander W., Marianne Bertrand, Zoë B. Cullen, Edward L. Glaeser, Michael Luca, and Christopher T. Stanton. "How Are Small Businesses Adjusting to COVID-19? Early Evidence from a Survey." HKS Faculty Research Working Paper Series RWP20-012, May 2020.
Dynan, Karen, and Douglas Elmendorf. "National Fiscal Policies to Fight Recessions in US States." AEA Papers and Proceedings 110 (May 2020): 131-136.
Dynan, Karen, and Douglas Elmendorf. "The Federal Fisc." Harvard Magazine. May-June 2020.
Aldy, Joseph, and Richard Zeckhauser. "Three Prongs for Prudent Climate Policy." HKS Faculty Research Working Paper Series RWP20-009, April 2020.
Aldy, Joseph, Maximillian Auffhammer, Maureen Cropper, Arthur Fraas, and Richard Morgenstern. "Looking Back at Fifty Years of the Clean Air Act." HKS Faculty Research Working Paper Series RWP20-003, February 2020.
Hanson, Gordon. "The impacts of the U.S.-China trade war." Business Economics 55 (February 2020): 69–72.
Banchard, Olivier, and Lawrence H. Summers. "Automatic Stabilizers in a Low-Rate Environment." Peterson Institute for International Economics, February 2020.
Sarin, Natasha, Lawrence Summers, and Joe Kupferberg. "Tax Reform for Progressivity: A Pragmatic Approach." The Hamilton Project, January 2020.
Kotowski, Maciej. "First-Price Auctions with Budget Constraints." Theoretical Economics 15.1 (January 2020): 199-237.
Furman, Jason. "How to Increase Growth While Raising Revenue: Reforming the Corporate Tax Code." The Hamilton Project, January 2020.
Mukharji, Aroop, and Richard Zeckhauser. "Bound to Happen: Explanation Bias in Historical Analysis." Journal of Applied History 1 (December 2019): 1-23.
Aldy, Joseph, Matthew Kotchen, Mary Evans, Meredith Fowlie, Arik Levinson, and Karen Palmer. "Report on the Proposed Changes to the Federal Mercury and Air Toxics Standards." External Environmental Economics Advisory Committee, December 2019.
Shepard, Mark, Katherine Baicker, and Jonathan Skinner. "Does One Medicare Fit All? The Economics of Uniform Health Insurance Benefits." HKS Faculty Research Working Paper Series RWP19-036, November 2019.
Shepard, Mark, Michael Geruso, Timothy J. Layton, and Grace McCormack. "The Two Margin Problem in Insurance Markets." HKS Faculty Research Working Paper Series RWP19-035, November 2019.
Ruggie, John Gerard. "Corporate Purpose in Play: The Role of ESG Investing." HKS Faculty Research Working Paper Series RWP19-034, November 2019.
Balbuzanov, Ivan, and Maciej Kotowski. "The Property Rights Theory of Production Networks." HKS Faculty Research Working Paper Series RWP19-033, November 2019.
Dynan, Karen. "The Economic Context for Reforming the Safety Net." The ANNALS of the American Academy of Political and Social Science 686.1 (November 2019): 352-368.
Schmalensee, Richard, and Robert N. Stavins. "Policy Evolution Under the Clean Air Act." Journal of Economic Perspectives 33.4 (Fall 2019): 27-50.
Mukharji, Aroop, and Richard Zeckhauser. "Bound to Happen: Explanation Bias in Historical Analysis." HKS Faculty Research Working Paper Series RWP19-032, October 2019.
Schneider, Lambert, Maosheng Duan, Robert Stavins, Kelley Kizzier, Derik Broekhoff, Frank Jotzo, Harald Winkler, Michael Lazarus, Andrew Howard, and Christina Hood. "Double Counting and the Paris Agreement Rulebook." Science 366.6462 (October 2019): 180-183.
Dynan, Karen. "Measuring Household Wealth in the Panel Study of Income Dynamics: The Role of Retirement Assets." Federal Reserve Bank of Boston, September 2019.
Balbuzanov, Ivan, and Maciej H. Kotowski. "Endowments, Exclusion, and Exchange." Econometrica 87.5 (September 2019): 1663-1692.
Lawrence, Robert Z. "China, Like the US, Faces Challenges in Achieving Inclusive Growth Through Manufacturing." China & World Economy (August 2019).
Frankel, Jeffrey A. "Central Banks Should Forget About Achieving 2 Percent Inflation." The Globe and Mail, July 28, 2019.
Nelson, Jonathan K., and Richard Zeckhauser. "Risky Business: Commissioning Portraits in Renaissance Italy." HKS Faculty Research Working Paper Series RWP19-024, July 2019.
Horn, Sebastian, Carmen M. Reinhart, Christoph Trebesch. "China's Overseas Lending." July 2019.
Mellers, Barbara, Philip E. Tetlock, Joshua Baker, Jeffrey Friedman, and Richard Zeckhauser. "Improving the Accuracy of Geopolitical Risk Assessments." The Future of Risk Management. Ed. Howard Kunreuther, Robert J. Meyer, and Erwann O. Michel-Kerjan. University of Pennsylvania Press, July 2019, 1-28.
Avery, Christopher , Howell, Jessica , Pender, Matea , Sacerdote, Bruce. "Policies and Payoffs to Addressing America's College Graduation Deficit." Brookings Papers on Economic Activity (July 2019): 1-45.
Kotowski, Maciej. "First-Price Auctions with Budget Constraints." HKS Faculty Research Working Paper Series RWP19-021, June 2019.
Rattan, Aneeta, Siri Chilazi, Oriane Georgeac, and Iris Bohnet. "Tackling the Underrepresentation of Women in Media." Harvard Business Review. June 6, 2019.
Frankel, Jeffrey A. "Should the Fed Be Constrained?" CATO Journal 39.2 (Spring/Summer 2019): 461-470.
Stavins, Robert N. "Book Review: Gert Crum and Jan Bartelsman: Le Domaine de la Romanée-Conti." Review of Journal of Wine Economics, 14.3, 2019: 224-227.
Stavins, Robert N., ed. Economics of the Environment: Selected Readings Edward Elgar Publishing, 2019.
Hanson, Gordon. "Economic and Political Consequences of Trade-Induced Manufacturing Decline." Meeting Globalization's Challenges: Policies to Make Trade Work for All. Ed. Luís Catão and Maurice Obstfeld. Princeton University Press, 2019.
Green, John, and Richard Zeckhauser. "Thunder Versus Lightning: A Performance and Cost Analysis of the A-10 “Warthog” Versus the F-35 Joint Strike Fighter." Journal of Benefit-Cost Analysis 10.3 (2019): 434-468.
Frankel, Jeffrey A. "The Currency-Plus-Commodity Basket: A Proposal for Exchange Rates in Oil-Exporting Countries to Accommodate Trade Shocks Automatically?" Institutions and Macroeconomic Policies in Resource-Rich Arab Economies. Ed. Kamiar Mohaddes, Jefffrey Nugent, and Hoda Selim. Oxford University Press, 2019, 149-182.
Avery, Christopher. "Review of Books on Student Loans." Journal of Economic Literature 57.2 (June 2019): 403-33.
Hogan, William W., Chiara Lo Prete, Bingyuan Liu, and Jia Wang. "Cross-product Manipulation in Electricity Markets, Microstructure Models and Asymmetric Information." Energy Journal 40.5 (June 2019): 221-246.
Stavins, Robert N., and Richard Schmalensee. "Learning From 30 Years of Cap and Trade." Resources (May 2019).
Frankel, Jeffrey A. "The Real Cost of Trump’s Tariffs." Project Syndicate, May 23, 2019.
Kotowski, Maciej. "A Perfectly Robust Approach to Multiperiod Matching Problems." HKS Faculty Research Working Paper Series RWP19-016, May 2019 (Updated August 2019).
Jorgenson, Dale W., Mun Ho, and Jon Samuels. "Recent U.S. Economic Performance and Prospects for Future Growth." Journal of Policy Modeling 41.3 (May 2019): 459-476.
Frankel, Jeffrey A. "Moore Problems for the Fed?" Project Syndicate, April 27, 2019.
Aperjis, Christina, Maciej Kotowski, and Richard Zeckhauser. "Efficient Division When Preferences are Private: Using the Expected Externality Mechanism." HKS Faculty Research Working Paper Series RWP19-014, April 2019.
Aldy, Joseph. "Birds of a Feather: Estimating the Value of Statistical Life from Dual-Earner Families." HKS Faculty Research Working Paper Series RWP19-013, April 2019.
Reinhart, Carmen. "The Triffin Dilemma, Chinese Opacity, and Capital Mobility: Concluding Remarks on International Macroeconomic Policy." Evolution or Revolution? Rethinking Macroeconomic Policy after the Great Recession. MIT Press, 2019.