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

Slack and Cyclically Sensitive Inflation

Stock, James H., and Mark W. Watson. "Slack and Cyclically Sensitive Inflation." Journal of Money, Credit and Banking 52.S2 (December 2020): 393-428.

The Effects of Fuel Prices, Environmental Regulations, and Other Factors on US Coal Production, 2008-2016

Coglianese, John, Todd D. Gerarden, and James H. Stock. "The Effects of Fuel Prices, Environmental Regulations, and Other Factors on US Coal Production, 2008-2016." The Energy Journal 41.1 (June 2020).

The Price of Biodiesel RINs and Economic Fundamentals

Irwin, Scott H., Kristen McCormack, and James H. Stock. "The Price of Biodiesel RINs and Economic Fundamentals." American Journal of Agricultural Economics 102.3 (May 2020): 734-752.

Measuring the Macroeconomic Impact of Carbon Taxes

Metcalf, Gilbert E., and James H. Stock. "Measuring the Macroeconomic Impact of Carbon Taxes." AEA Papers and Proceedings 10 (May 2020): 101-106.

Reopening the Coronavirus-Closed Economy

Eberly, Janice C., James H. Stock, and Jonathan H. Wright. "Reopening the Coronavirus-Closed Economy." International Journal of Central Banking 16.1 (February 2020): 5-71.

Federal Coal Program Reform, the Clean Power Plan, and the Interaction of Upstream and Downstream Climate Policies

Gerarden, Todd D., W. Spencer Reeder, and James H. Stock. "Federal Coal Program Reform, the Clean Power Plan, and the Interaction of Upstream and Downstream Climate Policies." American Economic Journal: Economic Policy 12.1 (February 2020): 167-199.

Quasi-Experimental Estimates of the Transient Climate Response Using Observational Data

Montamat, Giselle, and James H. Stock. "Quasi-Experimental Estimates of the Transient Climate Response Using Observational Data." Climatic Change (2020): 1-11.

Climate Change, Climate Policy, and Economic Growth

Stock, James H. "Climate Change, Climate Policy, and Economic Growth." NBER Macroeconomics Annual 34.1 (January 2020): 399-419.

Cost Pass-Through to Higher Ethanol Blends at the Pump: Evidence from Minnesota Gas Station Data

Li, Jing, and James H. Stock. "Cost Pass-Through to Higher Ethanol Blends at the Pump: Evidence from Minnesota Gas Station Data." Journal of Environmental Economics and Management 93 (January 2019): 1-19.

HAR Inference: Recommendations for Practice

Lazarus, Eben, Daniel J. Lewis, James H. Stock, and Mark W. Watson. "HAR Inference: Recommendations for Practice." Journal of Business & Economic Statistics 36.4 (October 2018): 541-559.

Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments

Stock, James H., and Mark W. Watson. "Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments." The Economic Journal 128.610 (May 2018): 917-948.