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

Estimation of Nonlinear Exchange Rate Dynamics in Evolving Regimes

Frankel, Jeffrey A., Yao Hou, and Danxia Xie. "Estimation of Nonlinear Exchange Rate Dynamics in Evolving Regimes." March 2023.

Estimation of Nonlinear Exchange Rate Dynamics in Evolving Regimes

Frankel, Jeffrey A., Yao Hou, and Danxia Xie. "Estimation of Nonlinear Exchange Rate Dynamics in Evolving Regimes." December 2022.

A Comparison of Monetary Anchor Options, Including Product Price Targeting, for Commodity-Exporters in Latin America

Frankel, Jeffrey A. "A Comparison of Monetary Anchor Options, Including Product Price Targeting, for Commodity-Exporters in Latin America." NBER Working Papers 16362, September 2010.

Are Leading Indicators of Financial Crises Useful for Assessing Country Vulnerability? Evidence from the 2008-09 Global Crisis

Frankel, Jeffrey A., and George Saravelos. "Are Leading Indicators of Financial Crises Useful for Assessing Country Vulnerability? Evidence from the 2008-09 Global Crisis." NBER Working Papers 16047, June 2010.

Estimation of De Facto Flexibility Parameter and Basket Weights in Evolving Exchange Rate Regimes

Frankel, Jeffrey A., and Daniel Xie. "Estimation of De Facto Flexibility Parameter and Basket Weights in Evolving Exchange Rate Regimes." NBER Working Papers 15620, December 2009.

The Natural Resource Curse

Frankel, Jeffrey A. "The Natural Resource Curse." Conference paper presented at Export Perils, Azerbaijan Diplomatic Academy, Azerbaijan, December 2009.

Are Bilateral Remittances Countercyclical?

Frankel, Jeffrey A. "Are Bilateral Remittances Countercyclical?" Conference paper presented at Immigration and Global Development: Research Lessons on How Immigration and Remittances Affect Prosperity Around the World, the Harvard Center for International Development and the Center for Global Development, Washington DC, October 2009

A Comparison of Monetary Anchor Options for Commodity-Exporters in Latin America and the Caribbean

Frankel, Jeffrey A. "A Comparison of Monetary Anchor Options for Commodity-Exporters in Latin America and the Caribbean." Workshop paper presented at Myths and Realities of Commodity Dependence: Policy Challenges and Opportunities for Latin America and the Caribbean, World Bank, September 17-18, 2009.

Global Environment and Trade Policy

Frankel, Jeffrey A. "Global Environment and Trade Policy." Belfer Center for Science and International Affairs Discussion Paper #09-01, September 2009.

Global Climate Policy Architecture and Political Feasibility: Specific Formulas and Emission Targets to Attain 460 PPM CO2 Concentrations

Bosetti Valentina, and Jeffrey A. Frankel. "Global Climate Policy Architecture and Political Feasibility: Specific Formulas and Emission Targets to Attain 460 PPM CO2 Concentrations." The Harvard Project on International Climate Agreements Discussion Paper Series Discussion Paper 09-30 and NBER Working Papers 15516, November 2009.

Addressing the Leakage/Competitiveness Issue In Climate Change Policy Proposals

Frankel, Jeffrey A. "Addressing the Leakage/Competitiveness Issue In Climate Change Policy Proposals." WCFIA Working Paper 4792, April 2009.

An Elaborated Global Climate Policy Architecture: Specific Formulas and Emission Targets for All Countries in All Decades

Frankel, Jeffrey A. "An Elaborated Global Climate Policy Architecture: Specific Formulas and Emission Targets for All Countries in All Decades." NBER Working Papers 14876, April 2009.

Environmental Effects of International Trade

Frankel, Jeffrey A. "Environmental Effects of International Trade." Report for the Swedish Globalisation Council, Government of Sweden, January 20, 2009.

An Elaborated Proposal for Global Climate Policy Architecture: Specific Formulas and Emission Targets for All Countries in All Decades

Frankel, Jeffrey A. "An Elaborated Proposal for Global Climate Policy Architecture: Specific Formulas and Emission Targets for All Countries in All Decades." Harvard Project on International Climate Agreements Discussion Paper 08-08, October 2008.

Options for Addressing the Leakage/Competitiveness Issue In Climate Change Policy Proposals

Frankel, Jeffrey A. "Options for Addressing the Leakage/Competitiveness Issue In Climate Change Policy Proposals." Paper for Conference on Climate Change, Trade and Investment: Is a Collusion Inevitable? Brookings Institution, Washington, D, June 9 2008.

Nine Reasons We Are Given Not to Worry About the U.S. Deficits.

Frankel, Jeffrey A. “Nine Reasons We Are Given Not to Worry About the U.S. Deficits." Workshop on Global Trends and Challenges, Yale University Commission on Growth and Development, September 2007.

Assessing China's Exchange Rate Regime.

Frankel, Jeffrey A., and Shang-Jin Wei. "Assessing China's Exchange Rate Regime." CEPR Discussion Papers and NBER Working Papers (DP 6264 and w13100), May 2007.

The Effect of Monetary Policy on Real Commodity Prices.

Frankel, Jeffrey A. "The Effect of Monetary Policy on Real Commodity Prices." NBER Working Paper 12713, December 2006.

What Do Economists Mean by Globalization? Implications for Inflation and Monetary Policy.

Frankel, Jeffrey A. "What Do Economists Mean by Globalization? Implications for Inflation and Monetary Policy." Academic Consultants Meeting, Board of Governors of the Federal Reserve System, Sept 28, 2006.

Macroeconomic Challenges after a Decade for Success.

Frankel, Jeffrey A., Ben Smit, and Federico Sturzenegger. "Macroeconomic Challenges after a Decade for Success." Center for International Development Working Paper Series (CID-133), September 2006.

The Forward Market in Emerging Currencies: Less Biased Than in Major Currencies.

Frankel, Jeffrey A., and Jumana Poonawala. "The Forward Market in Emerging Currencies: Less Biased Than in Major Currencies." NBER Working Paper Series 12496, August 2006.

On the Renminbi: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate.

Frankel, Jeffrey A. "On the Renminbi: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate." NBER Working Paper 11274, April 2005.

Designing a Regime of Emission Commitments for Developing Countries That Is Cost-Effective and Equitable.

Aldy, Joseph E., and Jeffrey A. Frankel. “Designing a Regime of Emission Commitments for Developing Countries That Is Cost-Effective and Equitable." G20 Leaders and Global Climate Change Report, Council of Foreign Relations, 2004.

The Euro Area and World Interest Rates.

Chinn, Menzie, and Jeffrey A. Frankel. "The Euro Area and World Interest Rates." Santa Cruz Center for International Economics Paper 03-17, November 2003.

Promoting Better National Institutions: The Role of the IMF.

Frankel, Jeffrey A. "Promoting Better National Institutions: The Role of the IMF." IMF Staff Papers 50, 2003.

The UK Decision re EMU: Implications of Currency Blocs for Trade and Business Cycle Correlations.

Frankel, Jeffrey A. "The UK Decision re EMU: Implications of Currency Blocs for Trade and Business Cycle Correlations." H.M. Treasury, 2003.

The Consequences of Saying No.

Frankel, Jeffrey A., David Begg, et al. "The Consequences of Saying No." Commission on the UK Outside the Euro, 2003.

Is Trade Good or Bad for the Environment? Sorting Out the Causality

Frankel, Jeffrey A., and Andrew K. Rose. “Is Trade Good or Bad for the Environment? Sorting Out the Causality” NBER Working Paper W9201, September 2002.

Should Gold-Exporters Peg Their Currencies to Gold?

Frankel, Jeffrey A. "Should Gold-Exporters Peg Their Currencies to Gold?” World Gold Council Research Study No. 29, 2002.

Global Transmission of Interest Rates: Monetary Independence and the Currency Regime.

Frankel, Jeffrey A., Sergio Schmukler, and Luis Servén. “Global Transmission of Interest Rates: Monetary Independence and the Currency Regime.” NBER Working Paper W8828, 2002.

The Role of Industrial Country Policies in Emerging Market Crises.

Frankel, Jeffrey A. "The Role of Industrial Country Policies in Emerging Market Crises." NBER Working Paper W8634, December 2001.

An Estimate of the Effect of Currency Unions on Trade and Output.

Frankel, Jeffrey A., and Andrew Rose. "An Estimate of the Effect of Currency Unions on Trade and Output." Centre for Economic Policy Research Working Paper 2631, 2001.