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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

Aldy, Joseph, and Robert N. Stavins. "Rolling the Dice in the Corridors of Power: William Nordhaus’s Impacts on Climate Change Policy." HKS Faculty Research Working Paper Series RWP20-022, July 2020.
Cunningham, Edward, and Philip Jordan. "Our Path to “New Normal” in Employment? Sobering Clues from China and Recovery Scores for U.S. Industry." Ash Center for Democratic Governance and Innovation, July 2020.
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.
Ruggie, John Gerard. "The Social Construction of the UN Guiding Principles on Business and Human Rights." Research Handbook on Human Rights and Business. Ed. Surya Deva and David Birchall. Edward Elgar, July 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. "The Federal Fisc." Harvard Magazine. May-June 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.
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.
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).
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.
Kotowski, Maciej. "First-Price Auctions with Budget Constraints." HKS Faculty Research Working Paper Series RWP19-021, June 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.
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.
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.
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.
Reinhart, Carmen. "Latin America's Challenging External Environment: Old and New Forces." Latin America Policy Journal 8 (Spring 2019): 9-13.
Goldsmith, Stephen and Wyatt Cmar. "The Bus System of the Future." Governing. January 23, 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.
Dorn, David, Gordon Hanson, and Lei Li. "Understanding Regional Export Growth in China." World Trade Evolution: Growth, Productivity and Employment. Ed. Lili Yan Ing and Miaojie Yu. Routledge, 2019.
Liebman, Jeffrey, and Daniel Ramsey. "Independent Taxation, Horizontal Equity, and Return-Free Filing." Tax Policy and the Economy 33.1 (January 2019): 109-130.
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.
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.
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.
Nelson, Jonathan K., and Richard J. Zeckhauser. "Raphael, Superstar, and His Extraordinary Prices." Sources: Notes in the History of Art (Fall 2018): 15-23.
Jorgenson, Dale W. "Production and Welfare: Progress in Economic Measurement." Journal of Economic Literature 56.3 (September 2018): 867-919.
Frankel, Jeffrey A. "US will Lack Fiscal Space to Respond when Next Recession Comes." The Guardian, August 28, 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.