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

It’s Time for German Fiscal Expansion

Frankel, Jeffrey A. "It’s Time for German Fiscal Expansion." Project Syndicate, September 30, 2019.

Xi and Trump Miss Their Chance

Frankel, Jeffrey A. "Xi and Trump Miss Their Chance." Project Syndicate, March 21, 2019.

The Euro’s First 20 Years

Frankel, Jeffrey A. "The Euro’s First 20 Years." Project Syndicate, January 25, 2019.

Why China Won't Yield to Trump

Frankel, Jeffrey A. "Why China Won't Yield to Trump." Nikkei Asian Review, April 18, 2018.

German Ordoliberals vs. American Pragmatists: What Did They Get Right or Wrong in the Euro Crisis?

Frankel, Jeffrey A. "German Ordoliberals vs. American Pragmatists: What Did They Get Right or Wrong in the Euro Crisis?" Ordoliberalism: A German Oddity? CEPR Press, November 2017.

The Currency-Plus-Commodity Basket: A Proposal for Exchange Rates in Oil-Exporting Countries to Accommodate Trade Shocks Automatically

Frankel, Jeffrey A. "The Currency-Plus-Commodity Basket: A Proposal for Exchange Rates in Oil-Exporting Countries to Accommodate Trade Shocks Automatically." HKS Faculty Research Working Paper Series RWP17-034, August 2017.

How to Cope with Volatile Commodity Export Prices: Four Proposals

Frankel, Jeffrey A. "How to Cope with Volatile Commodity Export Prices: Four Proposals." HKS Faculty Research Working Paper Series RWP17-033, August 2017.

Systematic Managed Floating

Frankel, Jeffrey A. "Systematic Managed Floating." HKS Faculty Research Working Paper Series RWP17-025, June 2017.

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.

China's Slowdown and the Chinese Stock Market

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

Misinterpreting Chinese Intervention in Financial Markets

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

Is Tsipras the New Kim Dae-jung?

Frankel, Jeffrey A. "Is Tsipras the New Kim Dae-jung?" Korea Herald, July 20, 2015.

The Euro Crisis: Where to from Here?

Frankel, Jeffrey A. "The Euro Crisis: Where to from Here?" Journal of Policy Modeling 37.3 (May/June 2015): 428-444.

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.

Chinese Currency Manipulation Not a Problem

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

Nominal GDP Targeting for Middle-Income Countries

Frankel, Jeffrey A. "Nominal GDP Targeting for Middle-Income Countries." HKS Faculty Research Working Paper Series RWP14-033, July 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.

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.

The Future of the Currency Union

Frankel, Jeffrey A. "The Future of the Currency Union." HKS Faculty Research Working Paper Series RWP13-015, May 2013.

Over-optimistic Official Forecasts and Fiscal Rules in the Eurozone

Frankel, Jeffrey A., and Jesse Schreger. "Over-optimistic Official Forecasts and Fiscal Rules in the Eurozone." Review of World Economics 149.2 (2013): 247-272.

Will Europe’s Fiscal Compact Work?

Frankel, Jeffrey A. "Will Europe’s Fiscal Compact Work?" Project Syndicate, January 18, 2013.

Cuban Time Travel

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

Internationalization of the RMB and Historical Precedents

Frankel, Jeffrey A. "Internationalization of the RMB and Historical Precedents." Journal of Economic Integration 27.3 (September 2012): 329-365.

Over-Optimistic Official Forecasts in the Eurozone and Fiscal Rules

Frankel, Jeffrey A., and Jesse Schreger. "Over-Optimistic Official Forecasts in the Eurozone and Fiscal Rules." HKS Faculty Research Working Paper Series RWP12-041, September 2012.

A Flock of Black Swans

Frankel, Jeffrey A. "A Flock of Black Swans." Project Syndicate, August 20, 2012.

Could Eurobonds Be the Answer to the Eurozone Crisis?

Frankel, Jeffrey A. "Could Eurobonds Be the Answer to the Eurozone Crisis?" Voxeu.org, June 27, 2012.

Laws of Economics Catching Up With China

Frankel, Jeffrey A. "Laws of Economics Catching Up With China." The Age, March 27, 2012.

Escaping The Natural-Resource Curse

Frankel, Jeffrey A. "Escaping The Natural-Resource Curse." Korea Herald, December 12, 2011.

Let European Technocrats Weave Their Magic

Frankel, Jeffrey A. "Let European Technocrats Weave Their Magic." Sydney Morning Herald, November 29, 2011.

The Curse: Why Natural Resources Are Not Always a Good Thing

Frankel, Jeffrey A. "The Curse: Why Natural Resources Are Not Always a Good Thing." The Milken Institute Review. October 2011, 28-39.

The Rise of the Renminbi as International Currency: Historical Precedents

Frankel, Jeffrey A. "The Rise of the Renminbi as International Currency: Historical Precedents." VoxEU, October 10, 2011.

Internationalization of the Renminbi: What Does History Tell us About the Precedents?

Frankel, Jeffrey A. "Internationalization of the Renminbi: What Does History Tell us About the Precedents?" Research Institute of Economy, Trade and Industry (RIETI), October 5, 2011.

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." Comparative Economic Studies 53.3 (September 2011): 407-430.

A Comparison of Product Price Targeting and Other Monetary Anchor Options for Commodity Exporters in Latin America

Frankel, Jeffrey A. "A Comparison of Product Price Targeting and Other Monetary Anchor Options for Commodity Exporters in Latin America." Economia 12.1 (Fall 2011).

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

Frankel, Jeffrey A. "A Comparison of Product Price Targeting and Other Monetary Anchor Options, for Commodity Exporters in Latin America." HKS Faculty Research Working Paper Series RWP11-027, July 2011.

The ECB’s Three Mistakes in the Greek Crisis and How to Get Sovereign Debt Right in the Future

Frankel, Jeffrey A. "The ECB’s Three Mistakes in the Greek Crisis and How to Get Sovereign Debt Right in the Future." VoxEU, May 16, 2011.

Some Big Ideas from Small Countries

Frankel, Jeffrey A. "Some Big Ideas from Small Countries." European Financial Review. April 15, 2011.

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." HKS Faculty Research Working Paper Series RWP11-014, February 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.

Leadership Need Not Only Come From the G7

Frankel, Jeffrey A. "Leadership Need Not Only Come From the G7." East Asia Forum Quarterly. October-December 2010, 25-26.

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.

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.

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.

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.

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.

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.