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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

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

Aldy, Joseph, Todd D. Gerarden, and Richard L. Sweeney. "Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy." Journal of the Association of Environmental and Resource Economists 10.4 (July 2023): 981-1018.

Behind schedule: The corporate effort to fulfill climate obligations

Aldy, Joseph, Patrick Bolton, Marcin Kacperczyk, and Zachery M. Halem. "Behind schedule: The corporate effort to fulfill climate obligations." Journal of Applied Corporate Finance 35.2 (Spring 2023): 26-34.

How is the U.S. Pricing Carbon? How Could We Price Carbon?

Aldy, Joseph E., Dallas Burtraw, Carolyn Fischer, Meredith Fowlie, Roberton C. Williams III, and Maureen L. Cropper. "How is the U.S. Pricing Carbon? How Could We Price Carbon?" Journal of Benefit-Cost Analysis 13.3 (Fall 2022): 310-334.

The Welfare Implications of Carbon Price Certainty

Aldy, Joseph E., and Sarah Armitage. "The Welfare Implications of Carbon Price Certainty." Journal of the Association of Environmental and Resource Economists 9.5 (September 2022): 843-1046.

Busting the myths around public investment in clean energy

Meckling, Jonas, Joseph E. Aldy, and Matthew J. Kotchen, Sanya Carley, Daniel C. Esty, Peter A. Raymond, Bella Tonkonogy, Charles Harper, Gillian Sawyer, and Julia Sweatman. "Busting the myths around public investment in clean energy." Nature Energy 7 (July 2022): 563–565.

Looking Back at 50 Years of the Clean Air Act

Aldy, Joseph, Max Auffhammer, Maureen Cropper, Art Fraas, and Dick Morgenstern. "Looking Back at 50 Years of the Clean Air Act." Journal of Economic Literature 60.1 (March 2022): 179-232.

Social science research to inform solar geoengineering

Joseph E. Aldy, Tyler Felgenhauer, William A. Pizer, Massimo Tavoni, Mariia Belaia, Mark E. Borsuk, Arunabha Ghosh, Garth Heutel, Daniel Heyen, Joshua Horton, David Keith, Christine Merk, Juan Moreno-Cruz, Jesse L. Reynolds, Katharine Ricke, Wilfried Rickels, Soheil Shayegh, Wake Smith, Simone Tilmes, Gernot Wagner, and Jonathan B. Wiener. "Social science research to inform solar geoengineering." Science 374.6569 (2021): 815-818.

Social Science Research to Inform Solar Geoengineering

Aldy, Joseph et al. "Social Science Research to Inform Solar Geoengineering." Science 374.6569 (2021): 815-818.

Keep Climate Policy Focused on the Social Cost of Carbon

Aldy, Joseph, Matthew Kotchen, Robert N. Stavins, and James H. Stock. "Keep Climate Policy Focused on the Social Cost of Carbon." Science 373.6557 (August 2021): 850-852.

Keep Climate Policy Focused on the Social Cost of Carbon

Aldy, Joseph, Matthew L. Kotchen, Robert N. Stavins, and James H. Stock. "Keep Climate Policy Focused on the Social Cost of Carbon." Science 373.6557 (2021): 850-852.

How much could article 6 enhance nationally determined contribution ambition toward paris agreement goals through economic efficiency?

Edmonds, James, Sha Yu, Haewon Mcjeon, Dirk Forrister, Joseph Aldy, Nathan Hultman, Ryna Cui, Stephanie Waldhoff, Leon Clarke, Stefano de Clara, and Clayton Munnings. "How much could article 6 enhance nationally determined contribution ambition toward paris agreement goals through economic efficiency?" Climate Change Economics 12.2 (2021).

National Climate Policies and Corporate Internal Carbon Pricing

Bento, Nuno, Gianfranco Gianfrate, and Joseph E. Aldy. "National Climate Policies and Corporate Internal Carbon Pricing." The Energy Journal 42.5 (2021).

Three Prongs for Prudent Climate Policy

Aldy, Joseph E., and Richard J. Zeckhauser. "Three Prongs for Prudent Climate Policy." Southern Economic Journal 87 (2020): 3-29.

Three Prongs for Prudent Climate Policy

Aldy, Joseph, and Richard Zeckhauser. "Three Prongs for Prudent Climate Policy." Southern Economic Journal 87.1 (July 2020): 3-29.

The Cost-Effectiveness Implications of Carbon Price Certainty

Aldy, Joseph, and Sarah Armitage. "The Cost-Effectiveness Implications of Carbon Price Certainty." American Economic Association Papers and Proceedings 110 (May 2020): 113-118.

The Cost-Effectiveness Implications of Carbon Price Certainty

Aldy, Joseph E., and Sarah Armitage. "The Cost-Effectiveness Implications of Carbon Price Certainty." AEA Papers and Proceedings 110 (May 2020): 113-18.

Deep Flaws in a Mercury Regulatory Analysis

Aldy, Joseph, Matthew Kotchen, Mary Evans, Meredith Fowlie, Arik Levinson, and Karen Palmer. "Deep Flaws in a Mercury Regulatory Analysis." Science 368.6488 (April 2020): 247-248.

Carbon Tax Review and Updating: Institutionalizing an Act-Learn-Act Approach to U.S. Climate Policy

Aldy, Joseph. "Carbon Tax Review and Updating: Institutionalizing an Act-Learn-Act Approach to U.S. Climate Policy." Review of Environmental Economics and Policy 14.1 (Winter 2020): 76-94.

Evaluating Regulatory Performance: Learning from and Institutionalizing Retrospective Analysis of EPA Regulations

Aldy, Joseph. "Evaluating Regulatory Performance: Learning from and Institutionalizing Retrospective Analysis of EPA Regulations." Case Western Reserve Law Review 70.4 (2020): 971-1006.

Carbon Tax Review and Updating: Institutionalizing an Act-Learn-Act Approach to U.S. Climate Policy

Aldy, Joseph. "Carbon Tax Review and Updating: Institutionalizing an Act-Learn-Act Approach to U.S. Climate Policy." Review of Environmental Economics and Policy 14.1 (Winter 2020).

Consumers’ Response to State Energy Efficient Appliance Rebate Programs

Aldy, Joseph, and Sebastien Houde. "Consumers’ Response to State Energy Efficient Appliance Rebate Programs." American Economic Journal: Economic Policy 9.4 (November 2017): 227-225.

Real World Headwinds for Trump Climate Change Policy

Aldy, Joseph. "Real World Headwinds for Trump Climate Change Policy." Bulletin of the Atomic Scientists 73.6 (October 2017): 376-381.

Policy Surveillance in the G20 Fossil Fuel Subsidies Agreement: Lessons for Climate Policy

Aldy, Joseph. "Policy Surveillance in the G20 Fossil Fuel Subsidies Agreement: Lessons for Climate Policy." Climatic Change 144.1 (September 2017 (first online September 2015)): 97-110.

Designing and Updating a U.S. Carbon Tax in an Uncertain World

Aldy, Joseph. "Designing and Updating a U.S. Carbon Tax in an Uncertain World." Harvard Environmental Law Review 41 (2017): 28-40.

Resolving the Inherent Uncertainty of Carbon Taxes: Introduction

Aldy, Joseph, Marc Hafstead, Gilbert E. Metcalf, Brian C. Murray, William A. Pizer, Christina Reichert, and Roberton C. Williams III. "Resolving the Inherent Uncertainty of Carbon Taxes: Introduction." Harvard Environmental Law Review 41 (2017): 1-13.

Frameworks for Evaluating Policy Approaches to Address the Competitiveness Concerns of Mitigating Greenhouse Gas Emissions

Aldy, Joseph. "Frameworks for Evaluating Policy Approaches to Address the Competitiveness Concerns of Mitigating Greenhouse Gas Emissions." National Tax Journal 70.2 (June 2017): 395-420.

Comparing Emissions Mitigation Efforts Across Countries

Aldy, Joseph E., William A. Pizer, and Keigo Akimoto. "Comparing Emissions Mitigation Efforts Across Countries." Climate Policy 17.4 (May 2017): 501-515.

Economic Tools to Promote Transparency and Comparability in the Paris Agreement

Aldy, Joseph, William Pizer, Massimo Tavoni, Lara Aleluia Reis, Keigo Akimoto, Geoffrey Blanford, Carlo Carraro, Leon E. Clarke, James Edmonds, Gokul C. Iyer, Haewon C. McJeon, Richard Richels, Steven Rose, Fuminori Sano. "Economic Tools to Promote Transparency and Comparability in the Paris Agreement." HKS Faculty Research Working Paper Series, August 2016.

Mobilizing Political Action on Behalf of Future Generations

Aldy, Joseph. "Mobilizing Political Action on Behalf of Future Generations." The Future of Children 26.1 (Spring 2016): 157-178.

Competitiveness Impacts of Climate Change Mitigation Policies

Aldy, Joseph, and William A. Pizer. "Competitiveness Impacts of Climate Change Mitigation Policies." Journal of the Association of Environmental and Resource Economists 2.4 (December 2015): 565-595.

Competitiveness Impacts of Climate Change Mitigation Policies

Aldy, Joseph, and William A. Pizer. "Competitiveness Impacts of Climate Change Mitigation Policies." Journal of the Association of Environmental and Resource Economists 2.4 (December 2015): 565-595.

Pricing Climate Risk Mitigation

Aldy, Joseph. "Pricing Climate Risk Mitigation." Nature Climate Change 5 (April 2015): 396-398.

Using and Improving the Social Cost of Carbon

Pizer, William, Matthew Adler, Joseph Aldy, David Anthoff, Maureen Cropper, Kenneth Gillingham, Michael Greenstone, Brian Murray, Richard Newell, Richard Richels, Arden Rowell, Stephanie Waldhoff, and Jonathan Wiener. "Using and Improving the Social Cost of Carbon." Science 346.6213 (December 2014): 1181-1182.

The Crucial Role of Policy Surveillance in International Climate Policy

Aldy, Joseph. "The Crucial Role of Policy Surveillance in International Climate Policy." Climatic Change 126.3/4 (October 2014): 279-292.

Risk Regulation Lessons from Mad Cows

Aldy, Joseph, and W. Kip Viscusi. "Risk Regulation Lessons from Mad Cows." Foundations and Trends in Microeconomics 8.4 (December 2013): 231-313.

The Case for a U.S. Carbon Tax

Aldy, Joseph. "The Case for a U.S. Carbon Tax." Oxford Energy Forum 91 (February 2013): 13-16.

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

Aldy, Joseph. "A Preliminary Assessment of the American Recovery and Reinvestment Act’s Clean Energy Package." Review of Environmental Economics and Policy 7.1 (Winter 2013): 136-155.

Climate Negotiators Create an Opportunity for Scholars

Aldy, Joseph, and Robert N. Stavins. "Climate Negotiators Create an Opportunity for Scholars." Science 337.6098 (August 2012): 1043-1044.

The Promise and Problems of Pricing Carbon

Aldy, Joseph, and Robert N. Stavins. "The Promise and Problems of Pricing Carbon." Journal of Environment and Development 21.2 (June 2012): 152-180.

Willingness to Pay and Political Support for a U.S. National Clean Energy Standard

Aldy, Joseph E., Matthew J. Kotchen, and Anthony A. Leiserowitz. "Willingness to Pay and Political Support for a U.S. National Clean Energy Standard." Nature Climate Change 2.5 (May 2012).

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

Aldy, Joseph, and Robert N. Stavins. "Using the Market to Address Climate Change: Insights from Theory & Experience." Daedalus 141.2 (Spring 2012): 45-60.

Real-Time Economic Analysis and Policy Development During the BP Deepwater Horizon Oil Spill

Aldy, Joseph. "Real-Time Economic Analysis and Policy Development During the BP Deepwater Horizon Oil Spill." Vanderbilt Law Review 64.6 (November 2011): 1795-1817.

The Environmental Justice Dimensions of Climate Change

Miranda, Marie Lynn, Douglas A. Hastings, Joseph E. Aldy, and William H. Schlesinger. "The Environmental Justice Dimensions of Climate Change." Environmental Justice 4.1 (March 2011): 17-25.

Designing Climate Mitigation Policy

Aldy, Joseph E., Alan J. Krupnick, Richard G. Newell, Ian W.H. Parry, and William A. Pizer. "Designing Climate Mitigation Policy." Journal of Economic Literature 48.4 (December 2010): 903-934.