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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

Great Dilution: The Global Impact of the US Inflation Shock on Sovereign Debt

Nair, Gautam, and Federico Sturzenegger. "Great Dilution: The Global Impact of the US Inflation Shock on Sovereign Debt." HKS Faculty Research Working Paper Series RWP22-009, July 2022.

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.

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.

Public institutions and support for climate funding

Bilmes, Linda, Mauricio Rodas, Geraldine Fraser-Moleketi, Devon Rowe, Aminata Touré, and Lan Xue. "Public institutions and support for climate funding." United Nations ECOSOC, March 16. 2023.

The Marginal Disutility from Corruption in Social Programs: Evidence from Program Administrators and Beneficiaries

Gaduh, Arya, Rema Hanna, and Benjamin A. Olken. "The Marginal Disutility from Corruption in Social Programs: Evidence from Program Administrators and Beneficiaries." HKS Faculty Research Working Paper Series RWP23-008, January 2023.

Challenges of effective governance for sustainable development at subnational government levels: introduction to this thematic issue of Public Sector Economics

Aiyar, Yamini, Rolf Alter, and Linda J. Bilmes. "Challenges of effective governance for sustainable development at subnational government levels: introduction to this thematic issue of Public Sector Economics." Public Sector Economics Journal (December 2022): 456-458.

A Balance-Sheet Model of Fiscal
Policy in Namibia

Sturzenegger, Federico, and Nicolas Der Meguerditchian. "A Balance-Sheet Model of Fiscal Policy in Namibia." Red Nacionale de Investigadores en Economia (RedNIE), April 2022.

Measuring Bias in Consumer Lending

Dobbie, Will, Andres Liberman, Daniel Paravisini, and Vikram Pathania. "Measuring Bias in Consumer Lending." The Review of Economic Studies 88.6 (August 2021): 2799-2832.

Success Factors in Tax Digitalization

Rosengard, Jay K. "Success Factors in Tax Digitalization." United Nations Better Than Cash Alliance, October 2020.

Budgeting for the Sustainable Development Goals

Bilmes, Linda J. "Budgeting for the Sustainable Development Goals." United Nations Economic and Social Council, January 2020.

Opening Adaptation Windows onto Public Financial Management Reform Gaps in Mozambique

Andrews, Matthew, Tim McNaught, and Salimah Samji. "Opening Adaptation Windows onto Public Financial Management Reform Gaps in Mozambique." HKS Faculty Research Working Paper Series RWP18-017, May 2018.

African Regional Economic Integration: The Emergence, Evolution, and Impact of Institutional Innovation

Juma, Calestous, and Francis Mangeni. "African Regional Economic Integration: The Emergence, Evolution, and Impact of Institutional Innovation." HKS Faculty Research Working Paper Series RWP18-003, January 2018.

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.

The Pitfalls of External Dependence: Greece, 1829-2015

Reinhart, Carmen M., and Christoph Trebesch. "The Pitfalls of External Dependence: Greece, 1829-2015." HKS Faculty Research Working Paper Series RWP15-065, October 2015.

Has Sweden Injected Realism into Public Financial Management Reforms in Partner Countries?

Andrews, Matthew. "Has Sweden Injected Realism into Public Financial Management Reforms in Partner Countries?" HKS Faculty Research Working Paper Series RWP15-063, October 2015.

Misinterpreting Chinese Intervention in Financial Markets

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

The Antecedents and Aftermath of Financial Crises as Told by Carlos F. Díaz Alejandro

Reinhart, Carmen. "The Antecedents and Aftermath of Financial Crises as Told by Carlos F. Díaz Alejandro." HKS Faculty Research Working Paper Series RWP15-035, July 2015.

Liquidity in Retirement Savings Systems: An International Comparison

Beshears, John, James J. Choi, Joshua Hurwitz, David Laibson, and Brigitte C. Madrian. "Liquidity in Retirement Savings Systems: An International Comparison." HKS Faculty Research Working Paper Series RWP15-024, May 2015.

From Financial Repression to External Distress: The Case of Venezuela

Reinhart, Carmen, and Miguel Angel Santos. "From Financial Repression to External Distress: The Case of Venezuela." HKS Faculty Research Working Paper Series RWP15-018, April 2015.

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.

What Are the Headwaters of Formal Savings? Experimental Evidence from Sri Lanka

Callen, Michael, Suresh De Mel, Craig McIntosh, and Christopher Woodruff. "What Are the Headwaters of Formal Savings? Experimental Evidence from Sri Lanka." HKS Faculty Research Working Paper Series RWP15-011, March 2015.

Chinese Currency Manipulation Not a Problem

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

Sovereign-Debt Relief And Its Aftermath: The 1930s, The 1990s, The Future?

Reinhart, Carmen and Christoph Trebesch. "Sovereign-Debt Relief And Its Aftermath: The 1930s, The 1990s, The Future?" Vox, October 21, 2014.

Venezuela's Economic Underperformance

Reinhart, Carmen, and Kenneth Rogoff. "Venezuela's Economic Underperformance." Project Syndicate, October 13, 2014.

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.

Investment In The Wake of Crises: Asia 15 Years Later

Reinhart, Carmen and Takeshi Tashiro. "Investment In The Wake of Crises: Asia 15 Years Later." Vox, December 17, 2013.

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.

East Asian Development: Foundations and Strategies

Perkins, Dwight H. East Asian Development: Foundations and Strategies. Harvard University Press, 2013.

Debt Levels, Debt Composition, and Sovereign Spreads in Emerging and Advanced Economies

Dell’Erba, Salvatore, Ricardo Hausmann, and Ugo Panizza. "Debt Levels, Debt Composition, and Sovereign Spreads in Emerging and Advanced Economies." HKS Faculty Research Working Paper Series RWP13-028, September 2013.

Venezuela Before Chávez: Anatomy of an Economic Collapse

Hausmann, Ricardo and Francisco R. Rodríguez, eds. Venezuela Before Chávez: Anatomy of an Economic Collapse. Penn State University Press, 2013.

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.

Europe's Hair-Trigger Economy

Summers, Lawrence H. "Europe's Hair-Trigger Economy." Reuters, March 18, 2013.

History Will Judge Bush on Iraq

Nye, Jr., Joseph S. "History Will Judge Bush on Iraq." China Daily, March 13, 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.

Active vs. Passive Decisions and
Crowd-out in Retirement
Savings Accounts: Evidence
from Denmark

Chetty, Raj, John N. Friedman, Soren Leth-Peterson, Torben Heien Nielsen, and Tore Olsen. "Active vs. Passive Decisions and Crowd-out in Retirement Savings Accounts: Evidence from Denmark." HKS Faculty Research Working Paper Series RWP13-002, January 2013.

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.

Japan's Economic Prospects

Porter, Roger B. "Japan's Economic Prospects." M-RCBG Faculty Working Paper 2012-15, November 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.

Why the UK Must Reverse its Economic Course

Summers, Lawrence H. "Why the UK Must Reverse its Economic Course." Reuters, September 17, 2012.

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.

Rapid Growth and Changing Economic Structure: The Expenditure Side Story and its Implications for China

Perkins, Dwight H. "Rapid Growth and Changing Economic Structure: The Expenditure Side Story and its Implications for China." China Economic Review 3 (September 2012): 501-511.

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.

Europe Must Be Persuaded to Make a Permanent Fix

Summers, Lawrence H. "Europe Must Be Persuaded to Make a Permanent Fix." Reuters, June 18, 2012.

Analysis: Spectre of Second Eurozone Depression Too Close for Comfort

Rodrik, Dani. "Analysis: Spectre of Second Eurozone Depression Too Close for Comfort." Scotsman.com, June 14, 2012.

Europe’s Growth Challenge

Summers, Lawrence H. "Europe’s Growth Challenge." Washington Post, April 29, 2012.

Laws of Economics Catching Up With China

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