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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

How Is the US Pricing Carbon? How Could We Price Carbon?

Aldy, Joseph E., Dallas Burtraw, Carolyn Fischer, Meredith Fowlie, Roberton C. Williams III & Maureen L. Cropper. "How Is the US Pricing Carbon? How Could We Price Carbon?" HKS Faculty Research Working Paper Series RWP22-018, October 2022.

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.

The Welfare Implications of Carbon Price Certainty

Aldy, Joseph, and Armitage, Sarah. "The Welfare Implications of Carbon Price Certainty." HKS Faculty Research Working Paper Series RWP22-003, May 2022.

Investor Rewards to Climate Responsibility:Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 U.S. Elections

Ramelli, Stefano, Alexander F. Wagner, Richard J. Zeckhauser, and Alexandre Ziegler. "Investor Rewards to Climate Responsibility: Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 U.S. Elections." HKS Faculty Research Working Paper Series RWP21-011, March 2021.

The Role of Retrospective Analysis in an Era of Deregulation: Lessons from the U.S. Mercury Air Toxic Standards

Evans, Mary, Karen Palmer, Joseph Aldy, Meredith Fowlie, Matthew Kotchen, and Arik Levinson. "The Role of Retrospective Analysis in an Era of Deregulation: Lessons from the U.S. Mercury Air Toxic Standards." HKS Faculty Research Working Paper Series RWP21-010, March 2021.

Co-Benefits and Regulatory Impact Analysis:
Theory and Evidence from Federal Air Quality
Regulations

Aldy, Joseph, Matthew Kotchen, Mary Evans, Meredith Fowlie, Arik Levinson, and Karen Palmer. "Co-Benefits and Regulatory Impact Analysis: Theory and Evidence from Federal Air Quality Regulations." HKS Faculty Research Working Paper Series RWP21-009, March 2021.

Environmental Benefit-Cost Analysis: A Comparative Analysis Between the United States and the United Kingdom

Aldy, Joseph E., Giles Atkinson, and Matthew Kotchen. "Environmental Benefit-Cost Analysis: A Comparative Analysis Between the United States and the United Kingdom." HKS Faculty Research Working Paper Series RWP21-008, March 2021.

Rolling the Dice in the Corridors of Power: William Nordhaus’s Impacts on Climate Change Policy

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.

Three Prongs for Prudent Climate Policy

Aldy, Joseph, and Richard Zeckhauser. "Three Prongs for Prudent Climate Policy." HKS Faculty Research Working Paper Series RWP20-009, April 2020.

Looking Back at Fifty Years of the Clean Air Act

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.

Policy Evolution under the Clean Air Act

Schmalensee, Richard, and Robert N. Stavins. "Policy Evolution under the Clean Air Act." HKS Faculty Research Working Paper Series RWP18-039, November 2018.

GHG Cap-and-Trade: Implications for Effective and Efficient Climate Policy in Oregon

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.

Stock Price Rewards to Climate Saints and Sinners: Evidence from the Trump Election

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.

Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy

Aldy, Joseph, Todd Gerarden, and Richard Sweeney. "Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy." HKS Faculty Research Working Paper Series RWP18-012, March 2018.

The Efficiency Consequences of Heterogeneous Behavioral Responses to Energy Fiscal Policies

Houde, Sebastien, and Joseph E. Aldy. "The Efficiency Consequences of Heterogeneous Behavioral Responses to Energy Fiscal Policies." HKS Faculty Research Working Paper Series RWP17-047, December 2017.

Linking Heterogeneous Climate Policies (Consistent with the Paris Agreement)

Mehling, Michael A.; Metcalf, Gilbert E.; and Stavins, Robert N. "Linking Heterogeneous Climate Policies (Consistent with the Paris Agreement)." HKS Faculty Research Working Paper Series RWP17-042, September 2017.

Designing and Updating a US Carbon Tax in an Uncertain World

Aldy, Joseph. "Designing and Updating a US Carbon Tax in an Uncertain World." HKS Faculty Research Working Paper Series RWP17-001, January 2017.

Confronting Deep and Persistent Climate Uncertainty

Wagner, Gernot, and Richard J. Zeckhauser. "Confronting Deep and Persistent Climate Uncertainty." HKS Faculty Research Working Paper Series RWP16-025, August 2016.

Total Economic Valuation of the National Park Service Lands and Programs: Results of a Survey of the American Public

Haefele, Michelle, John Loomis, and Linda J. Bilmes. "Total Economic Valuation of the National Park Service Lands and Programs: Results of a Survey of the American Public." HKS Faculty Research Working Paper Series RWP16-024, June 2016.

Collective Action in an Asymmetric World

Chen, Cuicui, and Richard Zeckhauser. "Collective Action in an Asymmetric World." HKS Faculty Research Working Paper Series RWP16-019, April 2016.

Green Bonds and Land Conservation: The Evolution of a New Financing Tool

duPont, Carolyn M., James N. Levitt, and Linda J. Bilmes. "Green Bonds and Land Conservation: The Evolution of a New Financing Tool." HKS Faculty Research Working Paper Series RWP15-072, December 2015.

Lessons Learned from Three Decades of Experience with Cap-and-Trade

Schmalensee, Richard, and Robert N. Stavins. "Lessons Learned from Three Decades of Experience with Cap-and-Trade." HKS Faculty Research Working Paper Series RWP15-069, November 2015.

Evaluating Mitigation Effort: Tools and Institutions for Assessing Nationally Determined Contributions

Aldy, Joseph. "Evaluating Mitigation Effort: Tools and Institutions for Assessing Nationally Determined Contributions." HKS Faculty Research Working Paper Series RWP15-068, November 2015.

Electricity Markets and the
Clean Power Plan

Hogan, William W. "Electricity Markets and the Clean Power Plan." HKS Faculty Research Working Paper Series RWP15-059, October 2015.

The Competitiveness Impacts of Climate Change Mitigation Policies

Aldy, Joseph E., and William A. Pizer. "The Competitiveness Impacts of Climate Change Mitigation Policies." HKS Faculty Research Working Paper Series RWP15-046, August 2015.

Policy Surveillance in the G-20
Fossil Fuel Subsidies
Agreement: Lessons for Climate
Policy

Aldy, Joseph E. "Policy Surveillance in the G-20 Fossil Fuel Subsidies Agreement: Lessons for Climate Policy." HKS Faculty Research Working Paper Series RWP15-029, June 2015.

Carbon Sequestration in the U.S. National Parks: A Value Beyond Visitation

Banasiak, Adam, Linda J. Bilmes, and John Loomis. "Carbon Sequestration in the U.S. National Parks: A Value Beyond Visitation." HKS Faculty Research Working Paper Series RWP15-007, February 2015.

Climate Sensitivity Uncertainty: When is Good News Bad?

Freeman, Mark C., Gernot Wagner, and Richard J. Zeckhauser. "Climate Sensitivity Uncertainty: When is Good News Bad?" HKS Faculty Research Working Paper Series RWP15-002, January 2015.

Facilitating Linkage of Heterogeneous Regional, National, and Sub-National Climate Policies through a Future International Agreement

Bodansky, Daniel M., Seth A. Hoedl, Gilbert E. Metcalf, and Robert N. Stavins. "Facilitating Linkage of Heterogeneous Regional, National, and Sub-National Climate Policies through a Future International Agreement." HKS Faculty Research Working Paper Series RWP15-003, January 2015.

Assessing the Energy-Efficiency Gap

Gerarden, Todd D., Richard G. Newell, and Robert N. Stavins. "Assessing the Energy-Efficiency Gap." HKS Faculty Research Working Paper Series RWP15-004, January 2015.

An Assessment of the Energy-Efficiency Gap and its Implications for Climate-Change Policy

Gerarden, Todd D., Richard G. Newell, Robert N. Stavins, and Robert C. Stowe. "An Assessment of the Energy-Efficiency Gap and its Implications for Climate-Change Policy." HKS Faculty Research Working Paper Series RWP15-005, January 2015.

Facilitating Linkage of Heterogeneous
Regional, National, and Sub-National Climate Policies through a Future International Agreement

Bodansky, Daniel M., Seth A. Hoedl, Gilbert E. Metcalf, and Robert N. Stavins. "Facilitating Linkage of Heterogeneous Regional, National, and Sub-National Climate Policies through a Future International Agreement." HKS Faculty Research Working Paper Series RWP14-056, November 2014.

Belt and Suspenders and More: The Incremental Impact of Energy Efficiency Subsidies in the Presence of Existing Policy Instruments

Houde, Sebastien, and Joseph Aldy. "Belt and Suspenders and More: The Incremental Impact of Energy Efficiency Subsidies in the Presence of Existing Policy Instruments." HKS Faculty Research Working Paper Series RWP14-046, September 2014.

The Labor Market Impacts of the 2010 Deepwater Horizon Oil Spill and Offshore Oil Drilling Moratorium

Aldy, Joseph. "The Labor Market Impacts of the 2010 Deepwater Horizon Oil Spill and Offshore Oil Drilling Moratorium." HKS Faculty Research Working Paper Series RWP14-037, August 2014.

The Competitiveness Impacts of Climate Change Mitigation Policies

Aldy, Joseph, and William Pizer. "The Competitiveness Impacts of Climate Change Mitigation Policies." HKS Faculty Research Working Paper Series RWP14-025, May 2014.

Linkage of Greenhouse Gas Emissions Trading Systems: Learning from Experience

Ranson, Matthew, and Robert N. Stavins. "Linkage of Greenhouse Gas Emissions Trading Systems: Learning from Experience." HKS Faculty Research Working Paper Series RWP14-012, February 2014.

Risk Regulation Lessons from Mad Cows

Aldy, Joseph, and W. Kip Viscusi. "Risk Regulation Lessons from Mad Cows." HKS Faculty Research Working Paper Series RWP13-047, November 2013.

Linkage of Greenhouse Gas Emissions Trading Systems: Learning from Experience

Ranson, Matthew, and Robert N. Stavins. "Linkage of Greenhouse Gas Emissions Trading Systems: Learning from Experience." HKS Faculty Research Working Paper Series RWP13-046, November 2013.

National Security Warrants Slowing Domestic Oil Depletion, Not Accelerating It

Frankel, Jeffrey A. "National Security Warrants Slowing Domestic Oil Depletion, Not Accelerating It." HKS Faculty Research Working Paper Series, August 2013 (first draft).

Weather, Salience of Climate Change and Congressional Voting

Herrnstadt, Evan, and Erich J. Muehlegger. "Weather, Salience of Climate Change and Congressional Voting." HKS Faculty Research Working Paper Series RWP13-023, June 2013.

The SO2 Allowance Trading System: The Ironic History of a Grand Policy Experiment

Schmalensee, Richard, and Robert N. Stavins. "The SO2 Allowance Trading System: The Ironic History of a Grand Policy Experiment." HKS Faculty Research Working Paper Series RWP12-030, August 2012.

Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems

Ranson, Matthew, and Robert N. Stavins. "Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems." HKS Faculty Research Working Paper Series RWP12-025, May 30, 2012.

Designing a Bretton Woods Institution to Address Climate Change

Aldy, Joseph. "Designing a Bretton Woods Institution to Address Climate Change." HKS Faculty Research Working Paper Series RWP12-017, May 2012.

Sustainable Cooperation in Global Climate Policy: Specific Formulas and Emission Targets

Bosetti, Valentina, and Jeffrey A. Frankel. "Sustainable Cooperation in Global Climate Policy: Specific Formulas and Emission Targets." HKS Faculty Research Working Paper Series RWP12-012, April 2012.

Gasoline Taxes and Consumer Behavior

Li, Shanjun, Joshua Linn, and Erich J. Muehlegger. "Gasoline Taxes and Consumer Behavior." HKS Faculty Research Working Paper Series RWP12-006, February 2012.

The Competitiveness Impacts of Climate Change Mitigation Policies

Aldy, Joseph, and William Pizer. "The Competitiveness Impacts of Climate Change Mitigation Policies." HKS Faculty Research Working Paper Series RWP11-047, December 2011.

A Preliminary Review of the American Recovery and Reinvestment Act’s Clean Energy Package

Aldy, Joseph. "A Preliminary Review of the American Recovery and Reinvestment Act’s Clean Energy Package." HKS Faculty Research Working Paper Series RWP11-048, December 2011.

Addressing Catastrophic Risks: Disparate Anatomies Require Tailored Therapies

Viscusi, W. Kip, and Richard Zeckhauser. "Addressing Catastrophic Risks: Disparate Anatomies Require Tailored Therapies." HKS Faculty Research Working Paper Series RWP11-045, November 2011.

The Promise and Problems of Pricing Carbon: Theory and Experience

Aldy, Joseph, and Robert N. Stavins. "The Promise and Problems of Pricing Carbon: Theory and Experience." HKS Faculty Research Working Paper Series RWP11-041, October 2011.

Using the Market to Address Climate Change: Insights from Theory and Experience

Aldy, Joseph, and Robert N. Stavins. "Using the Market to Address Climate Change: Insights from Theory and Experience." HKS Faculty Research Working Paper Series RWP11-038, September 28, 2011.