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

Dynan, Karen. "Measuring Household Wealth in the Panel Study of Income Dynamics: The Role of Retirement Assets." Federal Reserve Bank of Boston, September 2019.
Shoag, Daniel. "Health Care Spending Projections and Policy Changes: Recognizing the Limits of Existing Forecasts." HKS Faculty Research Working Paper Series RWP19-022, June 2019.
Aperjis, Christina, Maciej Kotowski, and Richard Zeckhauser. "Efficient Division When Preferences are Private: Using the Expected Externality Mechanism." HKS Faculty Research Working Paper Series RWP19-014, April 2019.
Meyer, Josefin, Carmen M. Reinhart, and Christoph Trebesch. "Sovereign Bonds since Waterloo." HKS Faculty Research Working Paper Series RWP19-009, February 2019.
Frankel, Jeffrey A. "Should the Fed Be Constrained?" HKS Faculty Research Working Paper Series RWP19-003, December 2018.
Eggertsson, Gauti B., Ragnar E. Juelsrud, Lawrence H. Summers, and Ella Getz Wold. "Negative Nominal Interest Rates and the Bank Lending Channel." January 2019.
Frankel, Jeffrey A. "George HW Bush Was Fiscally Responsible – Unlike Donald Trump." The Guardian, December 11, 2018.
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.
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.
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).
Dynan, Karen. "The Unheard Nerds: How Economists Can Talk So Policymakers Will Listen." Foreign Affairs. November/December 2018.
Watkins, David A., Gavin Yamey, Marco Schäferhoff, Olusoji Adeyi, George Alleyne, Ala Alwan, Seth Berkley et al. "Alma-Ata at 40 Years: Reflections from the Lancet Commission on Investing in Health." The Lancet 392.10156 (October 2018): 1434-1460.
Schatzki, Todd, and Robert N. Stavins. "Key Issues Facing California's GHG Cap-and-Trade System for 2021-2030." HKS Faculty Research Working Paper Series RWP18-025, July 2018.
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.
Eggertsson, Gauti B., Manuel Lancastre, and Lawrence H. Summers. "Aging, Output Per Capita and Secular Stagnation." National Bureau of Economic Research, August 2018.
Risse, Mathias, and Marco Meyer. "The Globalized Myth of Ownership and Its Implications for Tax Competition." HKS Faculty Research Working Paper Series RWP18-018, June 2018.
Sarin, Natasha, and Lawrence H. Summers. "On Market-Based Approaches to the Valuation of Capital." June 2018.
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.
Summers, Lawrence H. "Secular Stagnation and Macroeconomic Policy." IMF Economic Review 66.2 (June 2018): 226–250.
Summers, Lawrence H. "Taxes for Health: Evidence Clears the Air." The Lancet 391.10134 (May 2018): 1974-1976.
Magud, Nicolas E., Carmen M. Reinhart, and Kenneth S. Rogof. "Capital Controls: Myth and Reality." Annals of Economics and Finance 19.1 (May 2018): 1-47.
Fatas, Antonio, and Lawrence H. Summers. "The Permanent Effects of Fiscal Consolidations." Journal of International Economics 112 (May 2018): 238-250.
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.
Barro, Robert J., and Jason Furman. "Macroeconomic Effects of the 2017 Tax Reform." Brookings Papers on Economic Activity (Spring 2018).
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.
Bilmes, Linda J. "Congress’ Budget Dysfunction Is More Than 4 Decades in the Making." The Conversation, February 9, 2018.
Frank, Richard G., and Richard J. Zeckhauser. "Excess Prices for Drugs in Medicare: Diagnosis and Prescription." HKS Faculty Research Working Paper Series RWP18-005, January 2018.
Glaeser, Edward L., and Joseph Gyourko. "The Economic Implications of Housing Supply." Journal of Economic Perspectives 32.1 (Winter 2018).
Frankel, Jeffrey A. "To Understand the Tax Reform Bill, Use Good Old Math and History." Hill, December 10, 2017.
Houde, Sebastien, and Joseph E. Aldy. "The Efficiency Consequences of Heterogeneous Behavioral Responses to Energy Fiscal Policies." HKS Faculty Research Working Paper Series RWP17-047, December 2017.
Jorgenson, Dale W., and Paul Schreyer. "Measuring Individual Economic Well-Being and Social Welfare within the Framework of the System of National Accounts." Review of Income and Wealth 63.s2 (December 2017).
Bilmes, Linda J. "On Veteran's Day, let's honor the promises we've made to veterans." Boston Globe, November 9, 2017.
Frankel, Jeffrey A. "Reagan's Tax Reforms Re-visited." Project Syndicate, November 2017.
William Julius Wilson. "Why Sociologists Matter in the Welfare Reform Debate." Contemporary Sociology 46.6 (November 2017): 627-634.
Liebman, Jeffrey B., and Neale Mahoney. "Do Expiring Budgets Lead to Wasteful Year-End Spending? Evidence from Federal Procurement." American Economic Review 107.11 (November 2017): 3510-3549.
Furman, Jason. "How Lawyers Can Help Macroeconomists in the Wake of Three Major Challenges." Yale Journal on Regulation 34 (Fall 2017).
Shoag, Daniel, Cody Tuttle, and Stan Veuger. "Rules versus Home Rule: Local Government Responses to Negative Revenue Shocks." HKS Faculty Research Working Paper Series RWP17-037, August 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.
Elmendorf, Douglas. "Letter to Congressional Leaders." Harvard Kennedy School of Government, July 21, 2017.
Furman, Jason. "What Is the Potential Growth Rate of the U.S. Economy, and How Might Policy Affect It?" Business Economics 52.3 (July 2017): 158-167.
Beshears, John, James J. Choi, David Laibson, and Brigitte C. Madrian. "Does Front-Loading Taxation Increase Savings? Evidence from Roth 401(K) Introductions." Journal of Public Economics 151 (July 2017): 84-95.
Madrian, Brigitte. "Does Front-Loading Taxation Increase Savings? Evidence from Roth 401(k) Introductions." Journal of Public Economics 151 (July 2017): 84-95.
Elmendorf, Douglas. "Federal Policy and Economic Growth." Business Economics 52.3 (July 2017): 149–153.
Dynan, Karen. "The Federal Reserve's Impact on Main Street, Retirees, and Savings." Testimony before the Monetary Policy and Trade Subcommittee of the House Financial Services Committe, June 28, 2017.
Elmendorf, Douglas, and Louise M. Sheiner. "Federal Budget Policy with an Aging Population and Persistently Low Interest Rates." Journal of Economic Perspectives 31.3 (Summer 2017).
Bilmes, Linda J. "The Bill for America's Longest War Is Still Unpaid." Fiscal Times, May 27, 2017.
Furman, Jason. "Destination Basis with Border Adjustment as Tax Policy and as Macroeconomic Policy." Peterson Institute for International Economics, April 2017.
Bilmes, Linda J. "Trump's Proposed Defense Splurge Flunks Basic Math." Boston Globe, March 2, 2017.
Donahue, John D. "Privatization." American Governance. Ed. Schechter, Steven. Macmillan, 2016.
Sinaiko, Anna, and Richard Zeckhauser. "Enrollee Choices After Their Health Plans Are Terminated: Default Effects Versus Persistent Preferences." HKS Faculty Research Working Paper Series RWP16-055, December 2016.