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

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.
Mukharji, Aroop, and Richard Zeckhauser. "Bound to Happen: Explanation Bias in Historical Analysis." HKS Faculty Research Working Paper Series RWP19-032, October 2019.
Dynan, Karen. "Measuring Household Wealth in the Panel Study of Income Dynamics: The Role of Retirement Assets." Federal Reserve Bank of Boston, September 2019.
Nelson, Jonathan K., and Richard Zeckhauser. "Risky Business: Commissioning Portraits in Renaissance Italy." HKS Faculty Research Working Paper Series RWP19-024, July 2019.
Kotowski, Maciej. "First-Price Auctions with Budget Constraints." HKS Faculty Research Working Paper Series RWP19-021, June 2019.
Kotowski, Maciej. "A Perfectly Robust Approach to Multiperiod Matching Problems." HKS Faculty Research Working Paper Series RWP19-016, May 2019 (Updated August 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.
Meyer, Josefin, Carmen M. Reinhart, and Christoph Trebesch. "Sovereign Bonds since Waterloo." HKS Faculty Research Working Paper Series RWP19-009, February 2019.
Frankel, Jeffrey A. "Should the Fed Be Constrained?" HKS Faculty Research Working Paper Series RWP19-003, December 2018.
Scherer, F.M. "Managerial Control and Executive Compensation." HKS Faculty Research Working Paper Series RWP19-002, January 2019.
Li, Jing, and James H. Stock. "Cost Pass-Through to Higher Ethanol Blends at the Pump: Evidence from Minnesota Gas Station Data." Journal of Environmental Economics and Management 93 (January 2019): 1-19.
Eggertsson, Gauti B., Ragnar E. Juelsrud, Lawrence H. Summers, and Ella Getz Wold. "Negative Nominal Interest Rates and the Bank Lending Channel." January 2019.
Frankel, Jeffrey A. "George HW Bush Was Fiscally Responsible – Unlike Donald Trump." The Guardian, December 11, 2018.
Reinhart, Carmen, and Vincent Reinhart. "The Crisis Next Time: What We Should Have Learned from 2008." Foreign Affairs 97.6 (November/December 2018): 84-97.
Irwin, Scott H., Kristen McCormack, and James H. Stock. "The Price of Biodiesel RINs and Economic Fundamentals." HKS Faculty Research Working Paper Series, December 2018.
Downs, Erica, James Henderson, Mikkal E. Herberg, Shoichi Itoh, Meghan O'Sullivan, Morena Skalamera, and Can Soylu. "The Emerging Russia-Asia Energy Nexus." The National Bureau of Asian Research, December 2018.
Frankel, Jeffrey A. "A Trade War is No Reason to Ease Monetary Policy." The Guardian, November 27, 2018.
Schmalensee, Richard, and Robert N. Stavins. "Policy Evolution under the Clean Air Act." HKS Faculty Research Working Paper Series RWP18-039, November 2018.
Schatzki, Todd, and Robert N. Stavins. "GHG Cap-and-Trade: Implications for Effective and Efficient Climate Policy in Oregon." HKS Faculty Research Working Paper Series RWP18-038, November 2018.
Kosack, Stephen, Michele Coscia, Evann Smith, Kim Albrecht, Albert-László Barabási, and Ricardo Hausmann. "Functional Structures of US State Governments." Proceedings of the National Academy of Sciences of the United States of America 115.46 (November 2018): 11748-11753.
Ramelli, Stefano, Alexander F. Wagner, Richard J. Zeckhauser, and Alexandre Ziegler. "Stock Price Rewards to Climate Saints and Sinners: Evidence from the Trump Election." HKS Faculty Research Working Paper Series RWP18-037, September 2018.
Kadam, Sangram V., and Maciej H. Kotowski. "Multiperiod Matching." International Economic Review 59.4 (November 2018): 1927-1947.
Kadam, Sangram V., and Maciej H. Kotowski. "Time Horizons, Lattice Structures, and Welfare in Multi-period Matching Markets." Games and Economic Behavior 112 (November 2018): 1-20.
Wagner, Alexander F., Richard J. Zeckhauser, and Alexandre Ziegler. "Company Stock Price Reactions to the 2016 Election Shock: Trump, Taxes, and Trade." Journal of Financial Economics 130 (November 2018): 428-451.
Dynan, Karen. "The Unheard Nerds: How Economists Can Talk So Policymakers Will Listen." Foreign Affairs. November/December 2018.
Watkins, David A., Gavin Yamey, Marco Schäferhoff, Olusoji Adeyi, George Alleyne, Ala Alwan, Seth Berkley et al. "Alma-Ata at 40 Years: Reflections from the Lancet Commission on Investing in Health." The Lancet 392.10156 (October 2018): 1434-1460.
Frankel, Jeffrey A. "The New and Not Improved NAFTA." Project Syndicate, October 9, 2018.
Horton, John J., and Richard J. Zeckhauser. "Wielding Peer Effects in Online Production: Evidence from a Series of Field Experiments." October 2018.
Lazarus, Eben, Daniel J. Lewis, James H. Stock, and Mark W. Watson. "HAR Inference: Recommendations for Practice." Journal of Business & Economic Statistics 36.4 (October 2018): 541-559.
Friedman, Jeffrey A., and Richard Zeckhauser. "Analytic Confidence and Political Decision Making: Theoretical Principles and Experimental Evidence from National Security Professionals." Political Psychology 39.5 (October 2018): 1069-1087.
Nelson, Jonathan K., and Richard J. Zeckhauser. "Raphael, Superstar, and His Extraordinary Prices." Sources: Notes in the History of Art (Fall 2018): 15-23.
Frankel, Jeffrey A. "Trump's Currency Confusion Continues." The Guardian, September 21, 2018.
Schatzki, Todd, and Robert N. Stavins. "Key Issues Facing California's GHG Cap-and-Trade System for 2021-2030." HKS Faculty Research Working Paper Series RWP18-025, July 2018.
Berdahl, Jennifer L., Marianne Cooper, Peter Glick, Robert W. Livingston, and Joan C. Williams. "Work as a Masculinity Contest." Journal of Social Issues 74.3 (September 2018): 422-448.
Jorgenson, Dale W. "Production and Welfare: Progress in Economic Measurement." Journal of Economic Literature 56.3 (September 2018): 867-919.
Bilmes, Linda J. "The Fiscal Opacity Cycle: How America Hid the Costs of the Wars in Iraq and Afghanistan." Toward A Just Society: Joseph Stiglitz and Twenty-First Century Economics. Ed. Martin Guzman. Columbia University Press, 2018, 457-478.
Frankel, Jeffrey A. "US will Lack Fiscal Space to Respond when Next Recession Comes." The Guardian, August 28, 2018.
Dynan, Karen, and Louise Sheiner. "GDP as a Measure of Economic Well-Being." Hutchins Center, Brookings Institution, August 2018.
Eggertsson, Gauti B., Manuel Lancastre, and Lawrence H. Summers. "Aging, Output Per Capita and Secular Stagnation." National Bureau of Economic Research, August 2018.
Beshears, John, James J. Choi, David Laibson, and Brigitte C. Madrian. "Potential vs. Realized Savings under Automatic Enrollment." TIAA Institute, July 2018.
Beshears, John, James J. Choi, David Laibson, and Brigitte C. Madrian. "Behavioral Household Finance." Handbook of Behavioral Economics 1 177-276.
Shoag, Daniel, and Stan Veuger. "Shops and the City: Evidence on Local Externalities and Local Government Policy from Big-Box Bankruptcies." Review of Economics and Statistics 100.3 (July 2018): 440-453.
Mukharji, Aroop, and Richard J. Zeckhauser. "Back Channel Negotiations and Dangerous Waiting." Negotiation Journal (July 2018): 297-307.
Frankel, Jeffrey A. "The Republicans' Protectionist Pedigree." Project Syndicate, June 13, 2018.
Sarin, Natasha, and Lawrence H. Summers. "On Market-Based Approaches to the Valuation of Capital." June 2018.
Furman, Jason. "Testimony to Hearing on ‘Market Concentration’." Testimony before the Organisation for Economic Co-operation and Development, June 7, 2018.