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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

Debt Distress on China's Belt and Road

Horn, Sebastian, Bradley C. Parks, Carmen M. Reinhart, and Christoph Trebesch. "Debt Distress on China's Belt and Road." AEA Papers and Proceedings 113 (May 2023): 131-34.

Exchange Rate Volatility and Monetary Policy

Ilzetzki, Ethan, Carmen Reinhart, and Kenneth Rogoff. "Exchange Rate Volatility and Monetary Policy." Vox EU, April 4, 2023.

China as an International Lender of Last Resort

Horn, Sebastian, Bradley C. Parks, Carmen M. Reinhart, and Cristoph Trebesch. "China as an International Lender of Last Resort." World Bank Policy Research Working Paper Series, March 2023.

Learning How to Build Back Better through Clean Energy Policy Evaluation

Aldy, Joseph. "Learning How to Build Back Better through Clean Energy Policy Evaluation." HKS Faculty Research Working Paper Series RWP22-010, August 2022.

Rethinking Exchange Rate Regimes

Ilzetzki, Ethan, Carmen Reinhart, and Kenneth Rogoff. "Rethinking Exchange Rate Regimes." Handbook of International Economics. Ed. Gita Gopinath, Elhanan Helpman, and Kenneth S. Rogoff. Elsevier, 2022, 91-145.

Why Did (Almost) No One See the Inflation Coming?

Furman, Jason. "Why Did (Almost) No One See the Inflation Coming?" Intereconomics 57 (2022): 79-86.

What the Federal Reserve Should Do Now: An Elaboration

Furman, Jason. "What the Federal Reserve Should Do Now: An Elaboration." Peterson Institute for International Economics, November 18, 2021.

Decrypting New Age International Capital Flows

Graf von Luckner, Clemens, Carmen M. Reinhart, and Kenneth S. Rogoff. "Decrypting New Age International Capital Flows." NBER Working Paper Series, October 2021.

Rethinking Exchange Rate Regimes

Ilzetzki, Ethan, Carmen M. Reinhart, and Kenneth S. Rogoff. "Rethinking Exchange Rate Regimes." NBER Working Paper Series, October 2021.

The Aftermath of Debt Surges

Kose, M. Ayhan, Franziska L. Ohnsorge, Carmen M. Reinhart, and Kenneth S. Rogoff. "The Aftermath of Debt Surges." NBER Working Paper Series, September 2021.

The role of childcare challenges in the US jobs market recovery during the COVID-19 pandemic

Furman, Jason, Melissa S. Kearney, and Wilson Powell. "The role of childcare challenges in the US jobs market recovery during the COVID-19 pandemic." NBER Working Paper Series, June 2021.

From Health Crisis to Financial Distress

Reinhart, Carmen. "From Health Crisis to Financial Distress." World Bank Policy Research Working Paper Series, April 2021.

External sovereign debt restructurings: Delay and replay

Graf von Luckner, Clemens, Josefin Meyer, Carmen Reinhart, and Christoph Trebesch. "External sovereign debt restructurings: Delay and replay." VoxEU. March 2021.

Comparison of toll and annuity PPPs: a case study of highway projects in India

Mangu, Samhita, Thillai Rajan Annamalai, and Akash Deep. "Comparison of toll and annuity PPPs: a case study of highway projects in India." Built Environment Project and Asset Management 11.1 (February 2021): 103-120.

The quiet financial crisis

Reinhart, Carmen. "The quiet financial crisis." World Bank Blogs: Let's Talk Development. January 2021.

La depresión de la pandemia: la economía mundial nunca volverá a ser la misma

Reinhart, Carmen, and Vincent Reinhart. "La depresión de la pandemia: la economía mundial nunca volverá a ser la misma." Foreign affairs: Latinoamérica 21.1 (January 2021): 106-114.

The Crisis Opportunity: What It Will Take to Build Back a Better Economy

Furman, Jason. "The Crisis Opportunity: What It Will Take to Build Back a Better Economy." Foreign Affairs 100.1 (January/February 2021): 25-35.

Stock Price Rewards to Climate Saints and Sinners: Evidence from the Trump Election

Ramelli, Stefano, Alexander F. Wagner, Richard J. Zeckhauser, and Alexandre Ziegler. "Stock Price Rewards to Climate Saints and Sinners: Evidence from the Trump Election." HKS Faculty Research Working Paper Series RWP18-037, September 2018.

Efficient Warnings, Not “Wolf or Puppy” Warnings

Robinson, Lisa A., W. Kip Viscusi, and Richard Zeckhauser. "Efficient Warnings, Not “Wolf or Puppy” Warnings." HKS Faculty Research Working Paper Series RWP16-033, September 2016: Revised November 2016.