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

Dynan, Karen. "High and Rising US Federal Debt: Causes and Implications." Building a More Resilient US Economy. Ed. Melissa S. Kearney, Justin Schardin, and Luke Pardue. Asen Economic Strategy Group, 2023.
Adbi, Arzi, Matthew Lee, and Jasjit Singh. "Community influence on microfinance loan defaults under crisis conditions: Evidence from Indian demonetization." Strategic Management Journal (October 25, 2023).
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.
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.
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.
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.
Andrabi, Tahir, Natalie Bau, Jishnu Das, Naureen Karachiwalla, and Asim Ijaz Khwaja. "Crowding in Private Quality: The Equilibrium Effects of Public Spending in Education." HKS Faculty Research Working Paper Series RWP23-010, January 2023.
Bilmes, Linda J. "I helped balance the federal budget in the 1990s – here’s just how hard it will be for the GOP to achieve that same rare feat." The Conversation, February 1, 2023.
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.
Kalt, Joseph P. "American Indian Self-Determination Through Self-Governance: The Only Policy That Has Ever Worked." Testimony before the Alyce Spotted Bear and Walter Soboleff Commission on Native Children, December 15, 2022.
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.
Aldy, Joseph. "Learning How to Build Back Better through Clean Energy Policy Evaluation." HKS Faculty Research Working Paper Series RWP22-010, August 2022.
Rosengard, Jay K. "Success Factors in Tax Digitalization." United Nations Better Than Cash Alliance, October 2020.
Bilmes, Linda J. "Who is Rescuing America's Parks?" Boston Globe, July 27, 2020.
Furman, Jason. "US Unemployment Insurance in the Pandemic and Beyond." Peterson Institute for International Economics, July 2020.
Bilmes, Linda J. "A Perfect Fiscal Storm of Revenue Shortfalls for Cities and Towns." Boston Globe, June 25, 2020.
Dobbie, Will, Paul Goldsmith-Pinkham, Neale Mahoney, and Jae Song. "Bad Credit, No Problem? Credit and Labor Market Consequences of Bad Credit Reports." Journal of Finance 75.5 (June 2020): 2377-2419.
Dynan, Karen, and Douglas Elmendorf. "National Fiscal Policies to Fight Recessions in US States." AEA Papers and Proceedings 110 (May 2020): 131-136.
Bilmes, Linda J. "Budgeting for the Sustainable Development Goals." United Nations Economic and Social Council, January 2020.
Frankel, Jeffrey A. "Six Tax-Based Ways to Tackle US Inequality." Project Syndicate, December 17, 2019.
Olson, Stevie, Phil Berkaw, Lucien Charland, Elizabeth Patton, and Linda J. Bilmes. "The $64 Billion Massachusetts Vehicle Economy." HKS Faculty Research Working Paper Series RWP19-038, December 2019.
Dynan, Karen. "Measuring Household Wealth in the Panel Study of Income Dynamics: The Role of Retirement Assets." Federal Reserve Bank of Boston, September 2019.
Frankel, Jeffrey A. "Central Banks Should Forget About Achieving 2 Percent Inflation." The Globe and Mail, July 28, 2019.
Goldsmith, Stephen. "Participatory Budgeting: A Powerful Civic Education Tool." Governing. June 18, 2019.
Frankel, Jeffrey A. "Moore Problems for the Fed?" Project Syndicate, April 27, 2019.
Bilmes, Linda J., and W. Scott Gould. "The Ripple Effects of the U.S. Government Shutdown." Barron's. January 22, 2019.
Bilmes, Linda J. "To Avoid Government Shutdowns, Fix the Budget Process." Boston Globe. January 7, 2019.
Frankel, Jeffrey A. "George HW Bush Was Fiscally Responsible – Unlike Donald Trump." The Guardian, December 11, 2018.
Dynan, Karen. "The Unheard Nerds: How Economists Can Talk So Policymakers Will Listen." Foreign Affairs. November/December 2018.
Mayne, Quinton. "Cities on a Hill?" Boston Review. February 13, 2018.
Bilmes, Linda J. "Congress’ Budget Dysfunction Is More Than 4 Decades in the Making." The Conversation, February 9, 2018.
Bilmes, Linda J. "On Veteran's Day, let's honor the promises we've made to veterans." Boston Globe, November 9, 2017.
White, Laura, Jean-Louis Rochet, Pete Mathias, Kate O’Gorman, and Linda J. Bilmes. "Connecting the Northeast: A Cost Estimate for the North South Rail Link." HKS Faculty Research Working Paper Series RWP17-032, August 2017.
Bilmes, Linda J. "The Bill for America's Longest War Is Still Unpaid." Fiscal Times, May 27, 2017.
Bilmes, Linda J. "Trump's Proposed Defense Splurge Flunks Basic Math." Boston Globe, March 2, 2017.
Adnan Q. Khan, Asim Ijaz Khwaja, and Benjamin A. Olken. "Making Moves Matter: Experimental Evidence on Incentivizing Bureaucrats through Performance-Based Transfers." HKS Faculty Research Working Paper Series RWP17-006, November 2016.
Summers, Lawrence H. "Secular Stagnation and Monetary Policy." Review 98.2 (2nd Quarter 2016): 93-110.
Frankel, Jeffrey A. "Globalization and Chinese Growth: Ends of Trends?" HKS Faculty Research Working Paper Series RWP16-029, July 2016.
Frankel, Jeffrey A. "Reckoning With Inequality." Korea Herald, March 27, 2016.
Khan, Adnan Q., Asim Ijaz Khwaja, and Benjamin Olken. "Tax Farming Redux: Experimental Evidence on Performance Pay for Tax Collectors." Quarterly Journal of Economics 131.1 (February 2016).
Frankel, Jeffrey A. "China's Slowdown and the Chinese Stock Market." VoxEU, January 27, 2016.
Mankiw, N. Gregory, and Lawrence H. Summers. "Uniting Behind the Divisive ‘Cadillac’ Tax on Health Plans." New York Times. October 24, 2015.
Frankel, Jeffrey A. "The Plaza Accord, 30 Years Later." HKS Faculty Research Working Paper Series RWP15-056, September 2015.
Frankel, Jeffrey A. "Misinterpreting Chinese Intervention in Financial Markets." China-US Focus, September 10, 2015.
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.
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.
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.
Shoag, Daniel, and Stan Veuger. "Uncertainty and the Geography of the Great Recession." HKS Faculty Research Working Paper Series RWP15-014, March 2015.
Frankel, Jeffrey A. "Will Fed Tightening Choke Emerging Markets?" Project Syndicate, March 23, 2015.
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.