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Crowd of Black Lives Matters demonstrators marching in the street.
Feature: The Democratic Necessity of Reckoning

Erica Chenoweth reviews scholarship that overwhelmingly shows the Black Lives Matter movement generated high levels of public awareness about systemic racism and increased support for criminal justice reform.

Electronic stock ticker board with numbers and arabic letters.
Feature: Against Rule-of-Thumb Economics

Dani Rodrik argues against neoliberalism’s universal rule-of-thumb approach and for economic analyses grounded in contextual dependencies.

Several hands of team members covering one another in a huddle above a work table.
Feature: Leaders’ Psychological Bravery

Dana Born explores what skills leaders need to cultivate psychological safety on their teams and across their organizations.

Dollars and Euros piled on top of one another.
Feature: Dollar vs. Euro as International Reserve Currencies

Jeffrey Frankel explores the strengths and weaknesses of using the Dollar and the Euro as international reserve currencies.

Harvard Kennedy School faculty disseminate their research in working publications and papers 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 Publications

High and Rising US Federal Debt: Causes and Implications

Dynan, Karen. "High and Rising US Federal Debt: Causes and Implications." Building a More Resilient US Economy. Ed. Melissa S. Kearney, Justin Schardin, and Luke Pardue. Asen Economic Strategy Group, 2023.

Debt Distress on China's Belt and Road

Horn, Sebastian, Bradley C. Parks, Carmen M. Reinhart, and Christoph Trebesch. "Debt Distress on China's Belt and Road." AEA Papers and Proceedings 113 (May 2023): 131-34.

China as an International Lender of Last Resort

Horn, Sebastian, Bradley C. Parks, Carmen M. Reinhart, and Cristoph Trebesch. "China as an International Lender of Last Resort." World Bank Policy Research Working Paper Series, March 2023.

Learning How to Build Back Better through Clean Energy Policy Evaluation

Aldy, Joseph. "Learning How to Build Back Better through Clean Energy Policy Evaluation." HKS Faculty Research Working Paper Series RWP22-010, August 2022.

US Unemployment Insurance in the Pandemic and Beyond

Furman, Jason. "US Unemployment Insurance in the Pandemic and Beyond." Peterson Institute for International Economics, July 2020.

National Fiscal Policies to Fight Recessions in US States

Dynan, Karen, and Douglas Elmendorf. "National Fiscal Policies to Fight Recessions in US States." AEA Papers and Proceedings 110 (May 2020): 131-136.

Measuring Household Wealth in the Panel Study of Income Dynamics: The Role of Retirement Assets

Dynan, Karen. "Measuring Household Wealth in the Panel Study of Income Dynamics: The Role of Retirement Assets." Federal Reserve Bank of Boston, September 2019.

Central Banks Should Forget About Achieving 2 Percent Inflation

Frankel, Jeffrey A. "Central Banks Should Forget About Achieving 2 Percent Inflation." The Globe and Mail, July 28, 2019.

Moore Problems for the Fed?

Frankel, Jeffrey A. "Moore Problems for the Fed?" Project Syndicate, April 27, 2019.

The Ripple Effects of the U.S. Government Shutdown

Bilmes, Linda J., and W. Scott Gould. "The Ripple Effects of the U.S. Government Shutdown." Barron's. January 22, 2019.

George HW Bush Was Fiscally Responsible – Unlike Donald Trump

Frankel, Jeffrey A. "George HW Bush Was Fiscally Responsible – Unlike Donald Trump." The Guardian, December 11, 2018.

The Unheard Nerds: How Economists Can Talk So Policymakers Will Listen

Dynan, Karen. "The Unheard Nerds: How Economists Can Talk So Policymakers Will Listen." Foreign Affairs. November/December 2018.

African Regional Economic Integration: The Emergence, Evolution, and Impact of Institutional Innovation

Juma, Calestous, and Francis Mangeni. "African Regional Economic Integration: The Emergence, Evolution, and Impact of Institutional Innovation." HKS Faculty Research Working Paper Series RWP18-003, January 2018.

Secular Stagnation and Monetary Policy

Summers, Lawrence H. "Secular Stagnation and Monetary Policy." Review 98.2 (2nd Quarter 2016): 93-110.

Globalization and Chinese Growth: Ends of Trends?

Frankel, Jeffrey A. "Globalization and Chinese Growth: Ends of Trends?" HKS Faculty Research Working Paper Series RWP16-029, July 2016.

Reckoning With Inequality

Frankel, Jeffrey A. "Reckoning With Inequality." Korea Herald, March 27, 2016.

China's Slowdown and the Chinese Stock Market

Frankel, Jeffrey A. "China's Slowdown and the Chinese Stock Market." VoxEU, January 27, 2016.

The Pitfalls of External Dependence: Greece, 1829-2015

Reinhart, Carmen M., and Christoph Trebesch. "The Pitfalls of External Dependence: Greece, 1829-2015." HKS Faculty Research Working Paper Series RWP15-065, October 2015.

Uniting Behind the Divisive ‘Cadillac’ Tax on Health Plans

Mankiw, N. Gregory, and Lawrence H. Summers. "Uniting Behind the Divisive ‘Cadillac’ Tax on Health Plans." New York Times. October 24, 2015.

The Plaza Accord, 30 Years Later

Frankel, Jeffrey A. "The Plaza Accord, 30 Years Later." HKS Faculty Research Working Paper Series RWP15-056, September 2015.

Misinterpreting Chinese Intervention in Financial Markets

Frankel, Jeffrey A. "Misinterpreting Chinese Intervention in Financial Markets." China-US Focus, September 10, 2015.

The Antecedents and Aftermath of Financial Crises as Told by Carlos F. Díaz Alejandro

Reinhart, Carmen. "The Antecedents and Aftermath of Financial Crises as Told by Carlos F. Díaz Alejandro." HKS Faculty Research Working Paper Series RWP15-035, July 2015.

Liquidity in Retirement Savings Systems: An International Comparison

Beshears, John, James J. Choi, Joshua Hurwitz, David Laibson, and Brigitte C. Madrian. "Liquidity in Retirement Savings Systems: An International Comparison." HKS Faculty Research Working Paper Series RWP15-024, May 2015.

From Financial Repression to External Distress: The Case of Venezuela

Reinhart, Carmen, and Miguel Angel Santos. "From Financial Repression to External Distress: The Case of Venezuela." HKS Faculty Research Working Paper Series RWP15-018, April 2015.

Uncertainty and the Geography of the Great Recession

Shoag, Daniel, and Stan Veuger. "Uncertainty and the Geography of the Great Recession." HKS Faculty Research Working Paper Series RWP15-014, March 2015.

The Euro Crisis: Where to From Here?

Frankel, Jeffrey A. "The Euro Crisis: Where to From Here?" HKS Faculty Research Working Paper Series RWP15-015, March 2015.

Will Fed Tightening Choke Emerging Markets?

Frankel, Jeffrey A. "Will Fed Tightening Choke Emerging Markets?" Project Syndicate, March 23, 2015.

Chinese Currency Manipulation Not a Problem

Frankel, Jeffrey A. "Chinese Currency Manipulation Not a Problem." East Asia Forum, March 9, 2015.

Sovereign-Debt Relief And Its Aftermath: The 1930s, The 1990s, The Future?

Reinhart, Carmen and Christoph Trebesch. "Sovereign-Debt Relief And Its Aftermath: The 1930s, The 1990s, The Future?" Vox, October 21, 2014.

Venezuela's Economic Underperformance

Reinhart, Carmen, and Kenneth Rogoff. "Venezuela's Economic Underperformance." Project Syndicate, October 13, 2014.

Reforming the Budget: Four Steps to Restore Fiscal Discipline

Bilmes, Linda J. "Reforming the Budget: Four Steps to Restore Fiscal Discipline." Brookings, February 5, 2014.

Investment In The Wake of Crises: Asia 15 Years Later

Reinhart, Carmen and Takeshi Tashiro. "Investment In The Wake of Crises: Asia 15 Years Later." Vox, December 17, 2013.

Austerity Would Hurt U.S. Jobs and Growth

Summers, Lawrence H. "Austerity Would Hurt U.S. Jobs and Growth." Washington Post, June 2, 2013.

Europe's Hair-Trigger Economy

Summers, Lawrence H. "Europe's Hair-Trigger Economy." Reuters, March 18, 2013.

Active vs. Passive Decisions and
Crowd-out in Retirement
Savings Accounts: Evidence
from Denmark

Chetty, Raj, John N. Friedman, Soren Leth-Peterson, Torben Heien Nielsen, and Tore Olsen. "Active vs. Passive Decisions and Crowd-out in Retirement Savings Accounts: Evidence from Denmark." HKS Faculty Research Working Paper Series RWP13-002, January 2013.

America has Multiple Deficits

Summers, Lawrence H. "America has Multiple Deficits." Reuters, January 22, 2013.

Invest in Massachusetts, but Don’t Play Robin Hood

Glaeser, Edward L. "Invest in Massachusetts, but Don’t Play Robin Hood." Boston Globe, January 22, 2013.

Cuban Time Travel

Frankel, Jeffrey A. "Cuban Time Travel." Project Syndicate, November 22, 2012.

Japan's Economic Prospects

Porter, Roger B. "Japan's Economic Prospects." M-RCBG Faculty Working Paper 2012-15, November 2012.

Why the UK Must Reverse its Economic Course

Summers, Lawrence H. "Why the UK Must Reverse its Economic Course." Reuters, September 17, 2012.

Europe Must Be Persuaded to Make a Permanent Fix

Summers, Lawrence H. "Europe Must Be Persuaded to Make a Permanent Fix." Reuters, June 18, 2012.

Europe’s Growth Challenge

Summers, Lawrence H. "Europe’s Growth Challenge." Washington Post, April 29, 2012.

US Budget Breakthrough After Nov.?

Kelman, Steven. "US Budget Breakthrough After Nov.?" Business Times, March 16, 2012.

In Economists’ Paradise, Lessons for US

Glaeser, Edward L. "In Economists’ Paradise, Lessons for US." Boston Globe, December 19, 2011.

The Crisis of 2008 and Financial Services Regulation

Porter, Roger B. "The Crisis of 2008 and Financial Services Regulation." New Directions in Financial Services Regulation. Ed. Roger B. Porter, Robert R. Glauber, and Thomas J. Healey. The MIT Press, 2011, 1-12.

Why it Worked: Critical Success Factors of a Financial Reform Project in Africa

Peterson, Stephen. "Why it Worked: Critical Success Factors of a Financial Reform Project in Africa." HKS Faculty Research Working Paper Series RWP11-019, March 2011.

A Solution to Overoptimistic Forecasts and Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile

Frankel, Jeffrey A. "A Solution to Overoptimistic Forecasts and Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile." HKS Faculty Research Working Paper Series RWP11-012, February 2011.

Over-optimism in Forecasts by Official Budget Agencies and its Implications

Frankel, Jeffrey A. "Over-optimism in Forecasts by Official Budget Agencies and its Implications." Oxford Review of Economic Policy 27.4 (Winter 2011): 536-562.

Reforming Public Financial Management in Africa

Peterson, Stephen. "Reforming Public Financial Management in Africa." HKS Faculty Research Working Paper Series RWP10-048, December 2010.

Symposium: China's Environment: The Local and Global Benefits of Green Tax Policies in China

Cao, Jing, Mun S. Ho, and Dale W. Jorgenson. "Symposium: China's Environment: The Local and Global Benefits of Green Tax Policies in China." Review of Environmental Economics and Policy 3.2 (Summer 2009): 189-208.