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Harvard Kennedy School faculty disseminate their research in working papers and publications 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 Papers and Publications

Hanson, Gordon. "The impacts of the U.S.-China trade war." Business Economics 55 (February 2020): 69–72.
Kotowski, Maciej. "First-Price Auctions with Budget Constraints." Theoretical Economics 15.1 (January 2020): 199-237.
Turiel, Jesse, Edward Cunningham, and Anthony Saich. "To Serve the People: Income, Region and Citizen Attitudes towards Governance in China (2003–2016)." China Quarterly 240 (December 2019): 906-935.
Mayne, Quinton, Jorrit de Jong, and Fernando Fernandez-Monge. "State Capabilities for Problem-Oriented Governance." Perspectives on Public Management and Governance (2019).
Dynan, Karen. "The Economic Context for Reforming the Safety Net." The ANNALS of the American Academy of Political and Social Science 686.1 (November 2019): 352-368.
Balbuzanov, Ivan, and Maciej H. Kotowski. "Endowments, Exclusion, and Exchange." Econometrica 87.5 (September 2019): 1663-1692.
Lawrence, Robert Z. "China, Like the US, Faces Challenges in Achieving Inclusive Growth Through Manufacturing." China & World Economy (August 2019).
Frankel, Jeffrey A. "Should the Fed Be Constrained?" CATO Journal 39.2 (Spring/Summer 2019): 461-470.
Green, John, and Richard Zeckhauser. "Thunder Versus Lightning: A Performance and Cost Analysis of the A-10 “Warthog” Versus the F-35 Joint Strike Fighter." Journal of Benefit-Cost Analysis 10.3 (2019): 434-468.
Jorgenson, Dale W., Mun Ho, and Jon Samuels. "Recent U.S. Economic Performance and Prospects for Future Growth." Journal of Policy Modeling 41.3 (May 2019): 459-476.
Palmer, Maxwell, and Benjamin Schneer. "Postpolitical Careers: How Politicians Capitalize on Public Office." Journal of Politics 81.2 (April 2019): 670-675.
Reinhart, Carmen. "Latin America's Challenging External Environment: Old and New Forces." Latin America Policy Journal 8 (Spring 2019): 9-13.
Ruggie, John Gerard, Emily K. Middleton. "Money, Millennials and Human Rights: Sustaining ‘Sustainable Investing’." Global Policy 10.1 (February 2019): 144-150.
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.
Elmendorf, Douglas. "Our Troubling Fiscal Situation." Business Economics 54 (January 2019): 131–133.
Liebman, Jeffrey, and Daniel Ramsey. "Independent Taxation, Horizontal Equity, and Return-Free Filing." Tax Policy and the Economy 33.1 (January 2019): 109-130.
Jara-Figueroa, C., Bogang Jun, Edward L. Glaeser, and Cesar A. Hidalgo. "The Role of Industry-Specific, Occupation-Specific, and Location-Specific Knowledge in the Growth and Survival of New Firms." Proceedings of the National Academy of Sciences of the United States of America 115.50 (December 2018): 12646-12653.
Reinhart, Carmen, and Vincent Reinhart. "The Crisis Next Time: What We Should Have Learned from 2008." Foreign Affairs 97.6 (November/December 2018): 84-97.
Kadam, Sangram V., and Maciej H. Kotowski. "Multiperiod Matching." International Economic Review 59.4 (November 2018): 1927-1947.
Kadam, Sangram V., and Maciej H. Kotowski. "Time Horizons, Lattice Structures, and Welfare in Multi-period Matching Markets." Games and Economic Behavior 112 (November 2018): 1-20.
Wagner, Alexander F., Richard J. Zeckhauser, and Alexandre Ziegler. "Company Stock Price Reactions to the 2016 Election Shock: Trump, Taxes, and Trade." Journal of Financial Economics 130 (November 2018): 428-451.
Ganong, Peter, and Jeffrey B. Liebman. "The Decline, Rebound, and Further Rise in Snap Enrollment: Disentangling Business Cycle Fluctuations and Policy Changes." American Economic Journal: Economic Policy 10.4 (November 2018).
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.
Nelson, Jonathan K., and Richard J. Zeckhauser. "Raphael, Superstar, and His Extraordinary Prices." Sources: Notes in the History of Art (Fall 2018): 15-23.
Ruggie, John Gerard. "Multinationals as Global Institution: Power, Authority and Relative Autonomy." Regulation & Governance 12.3 (September 2018): 317-333.
Jorgenson, Dale W. "Production and Welfare: Progress in Economic Measurement." Journal of Economic Literature 56.3 (September 2018): 867-919.
Geradts, Thijs, Julie Battilana, and Marissa Kimsey. "Inside a Multinational Corporation Combining Commercial and Social Objectives." Academy of Management Proceedings 2018.1 (2018).
Bacq, Sophie Catherine, Julie Battilana, and Hélène Bovais. "Round Hole, Square Peg? Sustaining Dual Social And Commercial Goals In A Cooperative Bank." Academy of Management Proceedings 2018.1 (2018).
Beshears, John, James J. Choi, David Laibson, and Brigitte C. Madrian. "Behavioral Household Finance." Handbook of Behavioral Economics 1 177-276.
Shoag, Daniel, and Stan Veuger. "Shops and the City: Evidence on Local Externalities and Local Government Policy from Big-Box Bankruptcies." Review of Economics and Statistics 100.3 (July 2018): 440-453.
Friedman, Jeffrey A., Joshua D. Baker, Barbara A. Mellers, Philip E. Tetlock, and Richard Zeckhauser. "The Value of Precision in Probability Assessment: Evidence from a Large-Scale Geopolitical Forecasting Tournament." International Studies Quarterly 62 (June 2018): 410-422.
Kariv, S., Maciej H. Kotowski, and C. M. Leister. "Liquidity Risk in Sequential Trading Networks." Games and Economic Behavior 109 (May 2018): 565-581.
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.
Dynan, Karen. "Adapting Tax Systems for Population Aging." Business Economics 53.2 (April 2018): 66-71.
Chen, Cuicui, and Richard Zeckhauser. "Collective Action in an Asymmetric World." Journal of Public Economics 158 (February 2018): 103-112.
Wagner, Alexander F., Richard J. Zeckhauser, and Alexandre Ziegler. "Unequal Rewards to Firms: Stock Market Responses to the Trump Election and the 2017 Corporate Tax Reform." AEA Papers and Proceedings 108 (January 2018): 590-596.
Kotowski, Maciej. "On Asymmetric Reserve Prices." Theoretical Economics 13.1 (January 2018): 205-237.
Hogan, William W. "An Efficient Western Energy Imbalance Market with Conflicting Carbon Policies." The Electricity Journal 30.10 (December 2017): 8-15.
Ruggie, John Gerard, and John F. Sherman III. "The Concept of ‘Due Diligence’ in the UN Guiding Principles on Business and Human Rights: A Reply to Jonathan Bonnitcha and Robert McCorquodale." European Journal of International Law 28.3 (November 2017): 921-928.
Schmalensee, Richard, and Robert N. Stavins. "The Design of Environmental Markets: What Have We Learned from Experience with Cap and Trade?" Oxford Review of Economic Policy 33.4 (November 2017): 572-588.
Kotowski, Maciej, and Richard Zeckhauser. "If Many Seek, Ye Shall Find: Search Externalities and New Goods." American Economic Journal: Microeconomics 9.4 (November 2017): 42-73.
Shoag, Daniel, and Peter Ganong. "Why has Regional Income Convergence in the US Declined?" Journal of Urban Economics 102 (November 2017): 76-90.
Dimitriadis, Stefan, Matthew Lee, Lakshmi Ramarajan, and Julie Battilana. "Blurring the Boundaries: The Interplay of Gender and Local Communities in the Commercialization of Social Ventures." Organization Science (August 2017).
Cross, Robin, Andrew J. Plantinga, and Robert N. Stavins. "Terroir in the New World: Hedonic Estimation of Vineyard Sale Prices in California." Journal of Wine Economics 12.3 (August 2017): 282-301.
Ruggie, John Gerard. "Multinationals as Global Institution: Power, Authority and Relative Autonomy." Regulation & Governance (June 2017).
Ruggie, John Gerard. "The Concept of ‘Due Diligence’ in the UN Guiding Principles on Business and Human Rights: Reply to Professors Bonnitcha and Mccorquodale." Journal of International Dispute Settlement (March 15, 2017).
Born, Dana, William H. Hendrix, and Emily Pate. "Three Pillars of Organization Excellence." The Journal of Character & Leadership Integration (Winter 2017): 45-54.
Kellerman, Barbara. "The Importance of Being Expert – Contextually Expert." The European Business Review (January/February 2017).
DeSantola, Alicia, Lakshmi Ramarajan, and Julie Battilana. "New Venture Milestones and the First Female Board Member." Academy of Management Proceedings 2017.1 (2017).
Zhou, Yanhua, Julie Battilana, Thibault Daudigeos, and Brian Smith-Vandergriff. "Swinging between Moral and Market Imperatives." Academy of Management Proceedings 2017.1 (January 2017).