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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

Community influence on microfinance loan defaults under crisis conditions: Evidence from Indian demonetization

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).

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.

Crowding in Private Quality: The Equilibrium Effects of Public Spending in Education

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.

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.

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.

The Fiscal Opacity Cycle: How America Hid the Costs of the Wars in Iraq and Afghanistan

Bilmes, Linda J. "The Fiscal Opacity Cycle: How America Hid the Costs of the Wars in Iraq and Afghanistan." Toward A Just Society: Joseph Stiglitz and Twenty-First Century Economics. Ed. Martin Guzman. Columbia University Press, 2018, 457-478.

The Bill for America's Longest War Is Still Unpaid

Bilmes, Linda J. "The Bill for America's Longest War Is Still Unpaid." Fiscal Times, May 27, 2017.

Trump's Proposed Defense Splurge Flunks Basic Math

Bilmes, Linda J. "Trump's Proposed Defense Splurge Flunks Basic Math." Boston Globe, March 2, 2017.

Making Moves Matter: Experimental Evidence on Incentivizing Bureaucrats through Performance-Based Transfers

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.

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.

Tax Farming Redux: Experimental Evidence on Performance Pay for Tax Collectors

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).

China's Slowdown and the Chinese Stock Market

Frankel, Jeffrey A. "China's Slowdown and the Chinese Stock Market." VoxEU, January 27, 2016.

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.

Promises and Pitfalls of Mobile Money in Afghanistan: Evidence from a Randomized Control Trial

Blumenstock, Joshua, Michael Callen, Tarek Ghani, and Lucas Koepke. "Promises and Pitfalls of Mobile Money in Afghanistan: Evidence from a Randomized Control Trial." International Conference on Information and Communication Technologies and Development, Association for Computing Machinery, April 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.

Dealing with Debt

Reinhart, Carmen, Vincent Reinhart, and Kenneth Rogoff. "Dealing with Debt." HKS Faculty Research Working Paper Series RWP15-009, February 2015.

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.

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.

What Type of Crisis for India

Ashoka Mody, and Michael Walton. "What Type of Crisis for India." Business Standard, May 6, 2013.

History Will Judge Bush on Iraq

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

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.

Laws of Economics Catching Up With China

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

In Economists’ Paradise, Lessons for US

Glaeser, Edward L. "In Economists’ Paradise, Lessons for US." Boston Globe, December 19, 2011.

If the Banks are Doing so Well, Why Can't I Get a Loan? Regulatory Constraints to Financial Inclusion in Indonesia

Prasetyantoko, A and Jay K. Rosengard. "If the Banks are Doing so Well, Why Can't I Get a Loan? Regulatory Constraints to Financial Inclusion in Indonesia." Asian Economic Policy Review 6.2 (December 2011): 273-296.

Mexico's Private Toll Road Program Reconsidered

Carpintero, Samuel, and Jose A. Gomez-Ibañez. "Mexico's Private Toll Road Program Reconsidered." Transport Policy 18.6 (November 2011): 848-855.

The Curse: Why Natural Resources Are Not Always a Good Thing

Frankel, Jeffrey A. "The Curse: Why Natural Resources Are Not Always a Good Thing." The Milken Institute Review. October 2011, 28-39.

The Rise of the Renminbi as International Currency: Historical Precedents

Frankel, Jeffrey A. "The Rise of the Renminbi as International Currency: Historical Precedents." VoxEU, October 10, 2011.

Internationalization of the Renminbi: What Does History Tell us About the Precedents?

Frankel, Jeffrey A. "Internationalization of the Renminbi: What Does History Tell us About the Precedents?" Research Institute of Economy, Trade and Industry (RIETI), October 5, 2011.

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." Comparative Economic Studies 53.3 (September 2011): 407-430.

A Comparison of Product Price Targeting and Other Monetary Anchor Options for Commodity Exporters in Latin America

Frankel, Jeffrey A. "A Comparison of Product Price Targeting and Other Monetary Anchor Options for Commodity Exporters in Latin America." Economia 12.1 (Fall 2011).

A Comparison of Product Price Targeting and Other Monetary Anchor Options, for Commodity Exporters in Latin America

Frankel, Jeffrey A. "A Comparison of Product Price Targeting and Other Monetary Anchor Options, for Commodity Exporters in Latin America." HKS Faculty Research Working Paper Series RWP11-027, July 2011.

Bank Credit And Business
Networks

Khwaja, Asim Ijaz, Atif Mian, and Abid Qamar. "Bank Credit And Business Networks." HKS Faculty Research Working Paper Series RWP11-017, March 2011.