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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

Eric Rosenbach on China: Challenges for U.S. Commerce

Rosenbach, Eric. "Eric Rosenbach on China: Challenges for U.S. Commerce." Testimony before the United States Senate Committee on Commerce, Science and Transportation, March 7, 2019.

The Dual-Purpose Playbook

Battilana, Julie, Anne-Claire Pache, Metin Sengul, and Marissa Kimsey. "The Dual-Purpose Playbook." Harvard Business Review 97.2 (March-April 2019): 124-133.

Development Incentives That Make Sense

Goldsmith, Stephen. "Development Incentives That Make Sense." Governing. February 26, 2019.

Money, Millennials and Human Rights: Sustaining ‘Sustainable Investing’

Ruggie, John Gerard, Emily K. Middleton. "Money, Millennials and Human Rights: Sustaining ‘Sustainable Investing’." Global Policy 10.1 (February 2019): 144-150.

The Bus System of the Future

Goldsmith, Stephen and Wyatt Cmar. "The Bus System of the Future." Governing. January 23, 2019.

Should the Fed Be Constrained?

Frankel, Jeffrey A. "Should the Fed Be Constrained?" HKS Faculty Research Working Paper Series RWP19-003, December 2018.

Managerial Control and Executive Compensation

Scherer, F.M. "Managerial Control and Executive Compensation." HKS Faculty Research Working Paper Series RWP19-002, January 2019.

Trade Strategy, Development, and the Future of the Global Trade Regime

Rodrik, Dani. "Trade Strategy, Development, and the Future of the Global Trade Regime." Meeting Globalization’s Challenges: Policies to Make Trade Work for All. Ed. Luís A. V. Catão and Maurice Obstfeld. Princeton University Press, 2019.

Problem, Person and Pathway: A Framework for Social Innovators

Battilana, Julie, Brittany Butler, Marissa Kimsey, Johanna Mair, Christopher Marquis, and Christian Seelos. "Problem, Person and Pathway: A Framework for Social Innovators." Handbook of Inclusive Innovation: The Role of Organizations, Markets and Communities in Social Innovation. Ed. Gerard George, Ted Baker, Paul Tracey, and Havovi Joshi. Edward Elgar Publishing, 2019.

Our Troubling Fiscal Situation

Elmendorf, Douglas. "Our Troubling Fiscal Situation." Business Economics 54 (January 2019): 131–133.

Understanding Regional Export Growth in China

Dorn, David, Gordon Hanson, and Lei Li. "Understanding Regional Export Growth in China." World Trade Evolution: Growth, Productivity and Employment. Ed. Lili Yan Ing and Miaojie Yu. Routledge, 2019.

Independent Taxation, Horizontal Equity, and Return-Free Filing

Liebman, Jeffrey, and Daniel Ramsey. "Independent Taxation, Horizontal Equity, and Return-Free Filing." Tax Policy and the Economy 33.1 (January 2019): 109-130.

Cost Pass-Through to Higher Ethanol Blends at the Pump: Evidence from Minnesota Gas Station Data

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.

The Role of Industry-Specific, Occupation-Specific, and Location-Specific Knowledge in the Growth and Survival of New Firms

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.

The Crisis Next Time: What We Should Have Learned from 2008

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.

The Price of Biodiesel RINs and Economic Fundamentals

Irwin, Scott H., Kristen McCormack, and James H. Stock. "The Price of Biodiesel RINs and Economic Fundamentals." HKS Faculty Research Working Paper Series, December 2018.

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.

The Decline, Rebound, and Further Rise in Snap Enrollment: Disentangling Business Cycle Fluctuations and Policy Changes

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).

Multiperiod Matching

Kadam, Sangram V., and Maciej H. Kotowski. "Multiperiod Matching." International Economic Review 59.4 (November 2018): 1927-1947.

Time Horizons, Lattice Structures, and
Welfare in Multi-period Matching Markets

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.

Company Stock Price Reactions to the 2016 Election Shock: Trump, Taxes, and Trade

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.

Wielding Peer Effects in Online Production: Evidence from a Series of Field Experiments

Horton, John J., and Richard J. Zeckhauser. "Wielding Peer Effects in Online Production: Evidence from a Series of Field Experiments." October 2018.

HAR Inference: Recommendations for Practice

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.

Computer Vision and Real Estate: Do Looks Matter and Do Incentives Determine Looks

Glaeser, Edward L., Michael Scott Kincaid, and Nikhil Naik. "Computer Vision and Real Estate: Do Looks Matter and Do Incentives Determine Looks." National Bureau of Economic Research, October 2018.

Raphael, Superstar, and His Extraordinary Prices

Nelson, Jonathan K., and Richard J. Zeckhauser. "Raphael, Superstar, and His Extraordinary Prices." Sources: Notes in the History of Art (Fall 2018): 15-23.

Multinationals as Global Institution: Power, Authority and Relative Autonomy

Ruggie, John Gerard. "Multinationals as Global Institution: Power, Authority and Relative Autonomy." Regulation & Governance 12.3 (September 2018): 317-333.

Production and Welfare: Progress in Economic Measurement

Jorgenson, Dale W. "Production and Welfare: Progress in Economic Measurement." Journal of Economic Literature 56.3 (September 2018): 867-919.

US will Lack Fiscal Space to Respond when Next Recession Comes

Frankel, Jeffrey A. "US will Lack Fiscal Space to Respond when Next Recession Comes." The Guardian, August 28, 2018.

Money, Millennials and Human Rights: Sustaining ‘Sustainable Investing’

Ruggie, John Gerard, and Emily K. Middleton. "Money, Millennials and Human Rights: Sustaining ‘Sustainable Investing’." HKS Faculty Research Working Paper Series RWP18-023, August 2018.

Upping the Ante: The Equilibrium Effects of Unconditional Grants to Private Schools

Andrabi, Tahir, Jishnu Das, Asim Ijaz Khwaja, Selcuk Ozyurt, and Niharika Singh. "Upping the Ante: The Equilibrium Effects of Unconditional Grants to Private Schools." HKS Faculty Research Working Paper Series RWP18-019, July 2018.

Inside a Multinational Corporation Combining Commercial and Social Objectives

Geradts, Thijs, Julie Battilana, and Marissa Kimsey. "Inside a Multinational Corporation Combining Commercial and Social Objectives." Academy of Management Proceedings 2018.1 (2018).

Round Hole, Square Peg? Sustaining Dual Social And Commercial Goals In A Cooperative Bank

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).

Shops and the City: Evidence on Local Externalities and Local Government Policy from Big-Box Bankruptcies

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.

Potential vs. Realized Savings under Automatic Enrollment

Beshears, John, James J. Choi, David Laibson, and Brigitte C. Madrian. "Potential vs. Realized Savings under Automatic Enrollment." TIAA Institute, July 2018.

Behavioral Household Finance

Beshears, John, James J. Choi, David Laibson, and Brigitte C. Madrian. "Behavioral Household Finance." Handbook of Behavioral Economics 1 177-276.

Testimony to Hearing on ‘Market Concentration’

Furman, Jason. "Testimony to Hearing on ‘Market Concentration’." Testimony before the Organisation for Economic Co-operation and Development, June 7, 2018.

A Firm-Level Perspective on the Role of Rents in the Rise in Inequality

Furman, Jason, and Peter Orszag. "A Firm-Level Perspective on the Role of Rents in the Rise in Inequality." Toward a Just Society: Joseph Stiglitz and Twenty-First Century Economics. Ed. Martin Guzman. Columbia University Press, 2018.

Slower Productivity and Higher Inequality: Are They Related?

Furman, Jason, and Peter Orszag. "Slower Productivity and Higher Inequality: Are They Related?" June 2018.

The Value of Precision in Probability Assessment: Evidence from a Large-Scale Geopolitical Forecasting Tournament

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.

Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments

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.

Liquidity Risk in Sequential Trading Networks

Kariv, S., Maciej H. Kotowski, and C. M. Leister. "Liquidity Risk in Sequential Trading Networks." Games and Economic Behavior 109 (May 2018): 565-581.

Review of Burgundy: People with a Passion for Wine

Stavins, Robert N. Review of Burgundy: People with a Passion for Wine, by Rudi Goldman. Wine Economics, 13.1, Spring 2018: 105-108.

Rethinking the Macroeconomics of Resource-Rich Countries

Arezki, Rabah, Raouf Boucekkine, Jeffrey A. Frankel, and Rick van der Ploeg, eds. Rethinking the Macroeconomics of Resource-Rich Countries. Center for Economic Policy Research, 2018.

The Growth of the World Economy

Jorgenson, Dale W. "The Growth of the World Economy." Productivity Dynamics in Emerging and Industrialized Countries. Ed. Deb Kusum Das. Routledge, 2018, 81-91.

Monopolies, Mergers and Competition Policy

Scherer, F.M. Monopolies, Mergers and Competition Policy. Edward Elgar Publishing, 2018.

Adapting Tax Systems for Population Aging

Dynan, Karen. "Adapting Tax Systems for Population Aging." Business Economics 53.2 (April 2018): 66-71.

Is Technology Hurting Productivity?

Frankel, Jeffrey A. "Is Technology Hurting Productivity?" Korea Herald, March 20, 2018.

Business Leaders Can Reverse the ‘Implosion of Trust’

Born, Dana, and Josh A. Goldstein. "Business Leaders Can Reverse the ‘Implosion of Trust’." Boston Globe, March 15, 2018.

Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy

Aldy, Joseph, Todd Gerarden, and Richard Sweeney. "Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy." HKS Faculty Research Working Paper Series RWP18-012, March 2018.

Exponential Innovation and Human Rights: Implications for Science and Technology Diplomacy

Juma, Calestous. "Exponential Innovation and Human Rights: Implications for Science and Technology Diplomacy." HKS Faculty Research Working Paper Series RWP18-011, February 2018.