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 to set greenhouse gas emission targets for all countries

Frankel, Jeffrey A. "How to set greenhouse gas emission targets for all countries." Combating Climate Change: A CEPR Collection. Ed. Beatrice Weder di Mauro. CEPR Press, October 2021, 43-48.

Systematic Managed Floating

Frankel, Jeffrey. "Systematic Managed Floating." The Asian Monetary Policy Forum. Ed. Steven J. Davis, Edward S. Robinson, Bernard Yeung. World Scientific Publishing, 2021.

Monetary Regimes to Cope with Volatile Commodity Export Prices: Two Proposals

Frankel, Jeffrey A. "Monetary Regimes to Cope with Volatile Commodity Export Prices: Two Proposals." Rethinking the Macroeconomics of Resource-Rich Countries. Ed. Rabah Arezki, Raouf Boucekkine, Jeffrey A. Frankel, and Rick van der Ploeg. Center for Economic Policy Research, 2018.

How to Cope with Volatile Commodity Export Prices: Three Proposals

Frankel, Jeffrey A. "How to Cope with Volatile Commodity Export Prices: Three Proposals." Rethinking the Macroeconomics of Resource-Rich Countries. Ed. Rabah Arezki, Raouf Boucekkine, Jeffrey A. Frankel, and Rick van der Ploeg. Center for Economic Policy Research, 2018.

The Plaza Accord, 30 Years Later

Frankel, Jeffrey A. "The Plaza Accord, 30 Years Later." Currency Policy Then and Now: 30th Anniversary of the Plaza Accord. Peterson Institute for International Economics, 2016.

Mauritius: African Success Story

Frankel, Jeffrey A. "Mauritius: African Success Story." African Successes. Ed. Edwards, Sebastian, Simon Johnson, and David N. Weil. University of Chicago Press, 2016.

Globalization and Chinese Growth: Ends of Trends?

Frankel, Jeffrey A. "Globalization and Chinese Growth: Ends of Trends?" Il Grande Sconvolgimento. Ed. Paolo Onofri. il Mulino, 2016.

Causes of Eurozone Crises

Frankel, Jeffrey A. "Causes of Eurozone Crises." The Eurozone Crisis: A Consensus View of the Causes and a Few Possible Remedies. Ed. Richard Baldwin and Francesco Giavazzi. Center for Economic Policy Research, 2015, 109-120.

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

Frankel, Jeffrey A., and Andrew Rose. "Is Trade Good or Bad for the Environment? Sorting Out the Causality." Recent Developments In Trade And The Environment. Ed. Brian R. Copeland. Edward Elgar, 2014.

Become an Economist – See the World

Frankel, Jeffrey A. "Become an Economist – See the World." Eminent Economists II: Their Life and Work Philosophies. Ed. Michael Szenberg and Lall Ramrattan. Cambridge University Press, 2014.

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

Frankel, Jeffrey A. "A Solution to Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile." Fiscal Policy and Macroeconomic Performance: Volume 17. Ed. Luis Felipe Céspedes and Jordi Galí. Banco Central de Chile, 2013.

An Estimate of the Effect of Common Currencies on Trade and Income

Frankel, Jeffrey A., and Andrew Rose. "An Estimate of the Effect of Common Currencies on Trade and Income." Recent Developments In Exchange Rate Economics. Ed. Mark P. Taylor and Meher Manzur. Edward Elgar, 2013.

A Lesson From the South for Fiscal Policy in the US and Other Advanced Countries

Frankel, Jeffrey A. "A Lesson From the South for Fiscal Policy in the US and Other Advanced Countries." Learning from the World: New Ideas to Redevelop America. Ed. Joe Colombano and Aniket Shah. Palgrave Macmillan, 2013, 26-50.

Does Trade Cause Growth?

Frankel, Jeffrey A., and David Romer. "Does Trade Cause Growth?" The Economics Of Free Trade. Ed. Gary C. Hufbauer and Kati Suominen. Edward Elgar, 2012.

The Natural Resource Curse: A Survey of Diagnoses and Some Prescriptions

Frankel, Jeffrey A. "The Natural Resource Curse: A Survey of Diagnoses and Some Prescriptions." Commodity Price Volatility and Inclusive Growth in Low-Income Countries. Ed. Rabah Arezki, Catherine A Pattillo, Marc Quintyn, and Min Zhu. International Monetary Fund, October 2012.

Choosing an Exchange Rate Regime

Frankel, Jeffrey A. "Choosing an Exchange Rate Regime." Handbook of Exchange Rates. Ed. Jessica James, Ian Marsh, and Lucio Sarno. Wiley, 2012, 767.

Does Trade Cause Growth

Frankel, Jeffrey A., and David Romer. "Does Trade Cause Growth." The Economics of Free Trade. Ed. Gary Hufbauer and Kati Suominen. Edward Elgar, 2012.

The Natural Resource Curse: A Survey

Frankel, Jeffrey A. "The Natural Resource Curse: A Survey." Beyond the Resource Curse. Ed. Brenda Shaffer and Taleh Ziyadov. Penn Press, 2012.

Globalization and the Environment

Frankel, Jeffrey A. "Globalization and the Environment." Economics of the Environment. Ed. Robert N. Stavins. W. W. Norton, 2012.

How Can Commodity Producers Make Fiscal and Monetary Policy Less Procyclical?

Frankel, Jeffrey A. "How Can Commodity Producers Make Fiscal and Monetary Policy Less Procyclical?" Beyond the Curse: Policies to Harness the Power of Natural Resources. Ed. Rabah Arezki, Amadou N. R. Sy, and Thorvaldur Gylfason. International Monetary Fund, 2011.

Monetary Policy in Emerging Markets, Vol. 3B

Frankel, Jeffrey A. "Monetary Policy in Emerging Markets, Vol. 3B." Handbook of Monetary Economics. Ed. Benjamin Friedman and Michael Woodford. European Central Bank, 2011, 1439-1520.

A Pragmatic Global Climate Policy Architecture

Frankel, Jeffrey A. "A Pragmatic Global Climate Policy Architecture." Issues of the Day: 100 Commentaries on Climate, Energy, the Environment, Transportation, and Public Health Policy. Ed. Ian W.H. Parry and Felicia Day. Resources For the Future, 2010, 6-7.

Black Swans -- Comment on Financial Cycles: What? How? When? by Stijn Claessens, M.Ayhan Kose and Marco Terrones

Frankel, Jeffrey A. "Black Swans -- Comment on Financial Cycles: What? How? When? by Stijn Claessens, M.Ayhan Kose and Marco Terrones," De Nederlandsche Bank, Amsterdam, June 2010. NBER International Seminar on Macroeconomics 2010. Ed. Richard Clarida and Francesco Giavazzi. National Bureau of Economic Research, 2010.

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." Natural Resources in Latin America and the Caribbean: Beyond Booms and Busts? Ed. Emily Sinnott, John Nash, and Augusto de la Torre. World Bank, 2010.

Comments on Credibility, Commitment and Regulation,‘ by Dieter Helm

Frankel, Jeffrey A. "Comments on 'Credibility, Commitment and Regulation,' by Dieter Helm," Conference on Populism and Natural Resources, Harvard University, 2007. In The Natural Resources Trap: Private Investment Without Public Commitment. Ed. William W. Hogan and Frederico Sturzenegger. MIT Press, 2010, 325-331.

Determinants of Agricultural and Mineral Commodity Prices

Frankel, Jeffrey A., and Andrew K Rose. "Determinants of Agricultural and Mineral Commodity Prices." Inflation in an Era of Relative Price Shocks. Ed. Rene´e Fry, Callum Jones, and Christopher Kent. Reserve Bank of Australia, 2010, 9-51.

The Remnibi Since 2005

Frankel, Jeffrey A. "The Remnibi Since 2005." The US-Sino Currency Dispute: New Insights from Economics, Politics, and Law. Ed. Simon J. Evenett. Centre for Economic Policy Research, 2010, 51-60.

Comments on ‘Firm-Size Distribution and Cross-country Income Differences,’ by Laura Alfaro, Andrew Charlton and Fabio Kanczuk

Frankel, Jeffrey A. Comments on ‘Firm-Size Distribution and Cross-country Income Differences,’ by Laura Alfaro, Andrew Charlton and Fabio Kanczuk. NBER International Seminar on Macroeconomics 2009, Volume 6. Ed. Lucrezia Reichlin and Kenneth West. University of Chicago Press, 2010.

Comment on ‘China’s Current Account and Exchange Rate,’ by Yin-Wong Cheung, Menzie Chinn and Eiji Fuji

Frankel, Jeffrey A. "Comment on ‘China’s Current Account and Exchange Rate,’ by Yin-Wong Cheung, Menzie Chinn and Eiji Fuji." China’s Growing Role in World Trade. Ed. Robert C. Feenstra and Shang-Jin Wei. University of Chicago Press, 2010, 271-277.

The Estimated Effects of the Euro on Trade: Why Are They Below Historical Effects of Monetary Unions Among Smaller Countries?

Frankel, Jeffrey A. "The Estimated Effects of the Euro on Trade: Why Are They Below Historical Effects of Monetary Unions Among Smaller Countries?" Europe and the Euro. Ed. Alberto Alesina and Francesco Giavazzi. University Of Chicago Press, 2010, 169-218.

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. Post-Kyoto International Climate Policy. Ed. Joseph Aldy and Robert Stavins. Cambridge University Press, 2009.

Addressing the Leakage/Competitiveness Issue In Climate Change Policy Proposals

Frankel, Jeffrey A. Addressing the Leakage/Competitiveness Issue In Climate Change Policy Proposals. Climate Change, Trade, and Competitiveness: Is a Collision Inevitable? Ed. Isaac Sorkin and Lael Brainard. Brookings Institution Press, 2009.

New Estimation of the Renminbi Regime

Frankel, Jeffrey A. New Estimation of the Renminbi Regime. China's Emerging Financial Markets: Challenges and Opportunities. Ed. James R. Barth, Glenn Yago, and John A. Tatom. Springer, October 2009.

Possible Impacts of Global Climate Change Policy on Mexico and Other Developing Countries
in Coming Years

Frankel, Jeffrey A. Possible Impacts of Global Climate Change Policy on Mexico and Other Developing Countries in Coming Years. The Mexico Competitiveness Report. Ed. Ricardo Hausmann, Emilio Lozoya Austin, and Irene Mia. World Economic Forum, 2009, 49-56.

The Effect of Monetary Policy on Real Commodity Prices.

Frankel, Jeffrey A. ""The Effect of Monetary Policy on Real Commodity Prices."." Asset Prices and Monetary Policy. Ed. John Y. Campbell. University of Chicago Press, 2008.

Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?

Chinn, Menzie, and Jeffrey Frankel. "Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?" G7 Current Account Imbalances: Sustainability and Adjustment. Ed. Richard H. Clarida. The University of Chicago Press, May 2007, 283-322.

Introduction

Frankel, Jeffrey A. and Christopher A. Pissarides. "Introduction." NBER International Seminar on Macroeconomics 2005. Ed. Jeffrey A. Frankel and Christopher A. Pissarides. The MIT Press, May 2007, 1-7.

Trading Blocs and the Americas: The Natural, the Unnatural, and the Super-Natural

Frankel, Jeffrey A., Ernesto Stein, and Shang-jin Wei. "Trading Blocs and the Americas: The Natural, the Unnatural, and the Super-Natural." The WTO and Reciprocal Preferential Trading Agreements. Ed. Caroline Freund. Edward Elgar Publishing, 2007, 455-489.

Formulas for Quantitative Emission Targets.

Frankel, Jeffrey A. "Formulas for Quantitative Emission Targets." Architectures for Agreement: Addressing Global Climate Change in the Post-Kyoto World. Ed. Joseph E. Aldy and Robert N. Stavins. Cambridge University Press, 2007, 31-56.

Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?

Chinn, Menzie, and Jeffrey A. Frankel. "Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?" G7 Current Account Imbalances: Sustainability and Adjustment. Ed. Richard H. Clarida. University of Chicago Press, 2006.

Trade and Growth in East Asian Countries: Cause and Effect?

Frankel, Jeffrey A., David H. Romer, and Teresa Cyrus. "Trade and Growth in East Asian Countries: Cause and Effect?" Newly Industrializing Countries After Asian Crisis. Ed. Sir Hans Singer, Neelambar Hatti, and Rameshwar Tandon. Delhi, India: BR Publishing Corp., 2006.

Twin Deficits and Twin Decades.

Frankel, Jeffrey A. "Twin Deficits and Twin Decades." The Macroeconomics of Fiscal Policy. Ed. Richard Kopcke, Geoffrey M. B. Tootell, and Robert K. Triest. MIT Press, 2006, 321-336.

Globalization and the Environment.

Frankel, Jeffrey A. "Globalization and the Environment." Globalization: What's New? Ed. Michael M. Weinstein. Columbia University Press, 2005, 129-169.

Managing Macroeconomic Crises: Policy Lessons.

Frankel, Jeffrey A. and Shang-Jin Wei. "Managing Macroeconomic Crises: Policy Lessons." Managing Economic Volatility and Crises: A Practitioner's Guide. Ed. Aizenman, Joshua, and Brian Pinto. Cambridge University Press, 2005, 315-405.

Globalization and the Environment.

Frankel, Jeffrey A. "Globalization and the Environment." Economics of the Environment. Ed. Stavins, Robert N. W.W. Norton, 2005, 361-398.

Experience of and Lessons from Exchange Rate Regimes in Emerging Economies.

Frankel, Jeffrey A. "Experience of and Lessons from Exchange Rate Regimes in Emerging Economies." Monetary and Financial Integration in Asia: The Way Ahead (Vol. 2). Ed. Asian Development Bank. Palgrave Macmillan, 2004, 91-138.

International Capital Mobility in Developing Countries vs. Industrialized Countries: What Do Saving-Investment Correlations Tell Us?

Frankel, Jeffrey A., Michael P. Dooley, and Donald J. Mathieson. "International Capital Mobility in Developing Countries vs. Industrialized Countries: What Do Saving-Investment Correlations Tell Us?" International Financial Integration. Ed. Sylvester C. W. Eijffinger and Jan Lemmen. Edward Elgar, 2003.

Measuring International Capital Mobility: A Review.

Frankel, Jeffrey A. "Measuring International Capital Mobility: A Review." International Financial Integration. Ed. Sylvester Eijffinger and Jan Lemmen. Edward Elgar, 2003.

International Capital Mobility in Developing Countries vs. Industrialized Countries: What Do Saving-Investment Correlations Tell Us?

Frankel, Jeffrey A. "International Capital Mobility in Developing Countries vs. Industrialized Countries: What Do Saving-Investment Correlations Tell Us?" International Financial Integration. Ed. Sylvester Eijffinger and Jan Lemmen. Edward Elgar, 2003.

Political vs. Currency Premia in International Real Interest Differentials: A Study of Forward Rates for 24 Countries.

Frankel, Jeffrey A. "Political vs. Currency Premia in International Real Interest Differentials: A Study of Forward Rates for 24 Countries." International Financial Integration. Ed. Sylvester Eijffinger and Jan Lemmen. Edward Elgar, 2003.