Faculty Publications

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

The Market and Climate Implications of U.S. LNG Exports

Stock, James H., and Matthew Zaragoza-Watkins. "The Market and Climate Implications of U.S. LNG Exports." NBER Working Paper Series, March 2024.

Homeward Bound: How Migrants Seek Out Familiar Climates

Obolensky, Marguerite, Marco Tabellini, and Charles Taylor. "Homeward Bound: How Migrants Seek Out Familiar Climates." NBER Working Paper Series, January 2024.

Fertilizer and Algal Blooms: A Satellite Approach to Assessing Water Quality

Taylor, Charles A., and Geoffrey Heal. "Fertilizer and Algal Blooms: A Satellite Approach to Assessing Water Quality." Risks in Agricultural Supply Chains. Ed. Pol Antràs and David Zilberman. University of Chicago Press, 2023, 83-106.

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

Aldy, Joseph, Todd D. Gerarden, and Richard L. Sweeney. "Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy." Journal of the Association of Environmental and Resource Economists 10.4 (July 2023): 981-1018.

High-resolution U.S. methane emissions inferred from an inversion of 2019 TROPOMI satellite data: contributions from individual states, urban areas, and landfills

Nesser, Hannah, Daniel J. Jacob, Joannes D. Maasakkers, Alba Lorente, Zichong Chen, Xiao Lu, Lu Shen, Zhen Qu, Melissa P. Sulprizio, Margaux Winter, Shuang Ma, A. Anthony Bloom, John R. Worden, Robert N. Stavins, and Cynthia A. Randles. "High-resolution U.S. methane emissions inferred from an inversion of 2019 TROPOMI satellite data: contributions from individual states, urban areas, and landfills." EGUsphere [preprint] (June 13, 2023).

Behind schedule: The corporate effort to fulfill climate obligations

Aldy, Joseph, Patrick Bolton, Marcin Kacperczyk, and Zachery M. Halem. "Behind schedule: The corporate effort to fulfill climate obligations." Journal of Applied Corporate Finance 35.2 (Spring 2023): 26-34.

Satellite quantification of methane emissions and oil–gas methane intensities from individual countries in the Middle East and North Africa: implications for climate action

Chen, Zichong, Daniel J. Jacob, Ritesh Gautam, Mark Omara, Robert N. Stavins, Robert C. Stowe, Hannah Nesser, Melissa P. Sulprizio, Alba Lorente, Daniel J. Varon, Xiao Lu, Lu Shen, Zhen Qu, Drew C. Pendergrass, and Sarah Hancock. "Satellite quantification of methane emissions and oil–gas methane intensities from individual countries in the Middle East and North Africa: implications for climate action." Atmospheric Chemistry and Physics 23.10 (31 May 2023): 5945-5967.

Localizing Environmental Regulation: The Case of Boutique Fuels

Aldy, Joseph E., and Maximilian Auffhammer. "Localizing Environmental Regulation: The Case of Boutique Fuels." Resources for the Future, May 2023.

Rain Follows the Forest: Land Use Policy, Climate Change, and Adaptation

Grosset, Florian, Anna Papp, and Charles A. Taylor. "Rain Follows the Forest: Land Use Policy, Climate Change, and Adaptation." May 2023.

Show and Tell: An Analysis of Corporate Climate Messaging and its Financial Impacts

Aldy, Joseph, Patrick Bolton, Zachery Halem, Marcin T. Kacperczyk, and Peter R. Orszag. "Show and Tell: An Analysis of Corporate Climate Messaging and its Financial Impacts." April 22, 2023.

Irrigation and Climate Change: Long-run Adaptation and its Externalities

Taylor, Charles A. "Irrigation and Climate Change: Long-run Adaptation and its Externalities." March 2023.

Comprehensive evidence implies a higher social cost of CO2

Kevin Rennert, Frank Errickson, Brian C. Prest, Lisa Rennels, Richard G. Newell, William Pizer, Cora Kingdon, Jordan Wingenroth, Roger Cooke, Bryan Parthum, David Smith, Kevin Cromar, Delavane Diaz, Frances C. Moore, Ulrich K. Müller, Richard J. Plevin, Adrian E. Raftery, Hana Ševcíková, Hannah Sheets, James H. Stock, Tammy Tan, Mark Watson, Tony E. Wong, and David Anthoff. "Comprehensive evidence implies a higher social cost of CO2." Nature 610 (2022): 687-692.

How Is the US Pricing Carbon? How Could We Price Carbon?

Aldy, Joseph E., Dallas Burtraw, Carolyn Fischer, Meredith Fowlie, Roberton C. Williams III & Maureen L. Cropper. "How Is the US Pricing Carbon? How Could We Price Carbon?" HKS Faculty Research Working Paper Series RWP22-018, October 2022.

How is the U.S. Pricing Carbon? How Could We Price Carbon?

Aldy, Joseph E., Dallas Burtraw, Carolyn Fischer, Meredith Fowlie, Roberton C. Williams III, and Maureen L. Cropper. "How is the U.S. Pricing Carbon? How Could We Price Carbon?" Journal of Benefit-Cost Analysis 13.3 (Fall 2022): 310-334.

The Welfare Implications of Carbon Price Certainty

Aldy, Joseph E., and Sarah Armitage. "The Welfare Implications of Carbon Price Certainty." Journal of the Association of Environmental and Resource Economists 9.5 (September 2022): 843-1046.

The 1968 Influenza Pandemic and COVID-19 Outcomes

Taylor, Charles A., Christopher Boulos, and Matthew J. Memoli. "The 1968 Influenza Pandemic and COVID-19 Outcomes." September 2022.

Learning How to Build Back Better through Clean Energy Policy Evaluation

Aldy, Joseph. "Learning How to Build Back Better through Clean Energy Policy Evaluation." HKS Faculty Research Working Paper Series RWP22-010, August 2022.

Busting the myths around public investment in clean energy

Meckling, Jonas, Joseph E. Aldy, and Matthew J. Kotchen, Sanya Carley, Daniel C. Esty, Peter A. Raymond, Bella Tonkonogy, Charles Harper, Gillian Sawyer, and Julia Sweatman. "Busting the myths around public investment in clean energy." Nature Energy 7 (July 2022): 563–565.

Computation of Convex Hull Prices in Electricity Markets with Non-Convexities using Dantzig-Wolfe Decomposition

Andrianesis, Panagiotis, Dimitris J Bertsimas, Michael Caramanis, and William W. Hogan. "Computation of Convex Hull Prices in Electricity Markets with Non-Convexities using Dantzig-Wolfe Decomposition." IEEE Transactions on Power Systems 37.4 (July 2022): 2578-2589.

The Welfare Implications of Carbon Price Certainty

Aldy, Joseph, and Armitage, Sarah. "The Welfare Implications of Carbon Price Certainty." HKS Faculty Research Working Paper Series RWP22-003, May 2022.

Wetlands, Flooding, and the Clean Water Act

Taylor, Charles A., and Hannah Druckenmiller. "Wetlands, Flooding, and the Clean Water Act." American Economic Review 112.4 (April 2022): 1334-1363.

Electricity Market Design and Zero-Marginal Cost Generation

Hogan, William W. "Electricity Market Design and Zero-Marginal Cost Generation." Current Sustainable/Renewable Energy Reports 9 (March 2022): 15-26.

What will happen with US climate policy under the Biden Administration?

Stavins, Robert N. "What will happen with US climate policy under the Biden Administration?" Greening Europe's Post-COVID-19 Recovery. Ed. Simone Tagliapietra, Guntram B. Wolff, and Georg Zachmann. Bruegel, February 2022, 140-151.

The Relative Merits of Carbon Pricing Instruments: Taxes versus Trading

Stavins, Robert N. "The Relative Merits of Carbon Pricing Instruments: Taxes versus Trading." Review of Environmental Economics and Policy 16.1 (Winter 2022): 62-82.

Tipping point dynamics in global land use

Taylor, Charles A., and James Rising. "Tipping point dynamics in global land use." Environmental Research Letters 16.12 (December 2021): 125012.

Social science research to inform solar geoengineering

Joseph E. Aldy, Tyler Felgenhauer, William A. Pizer, Massimo Tavoni, Mariia Belaia, Mark E. Borsuk, Arunabha Ghosh, Garth Heutel, Daniel Heyen, Joshua Horton, David Keith, Christine Merk, Juan Moreno-Cruz, Jesse L. Reynolds, Katharine Ricke, Wilfried Rickels, Soheil Shayegh, Wake Smith, Simone Tilmes, Gernot Wagner, and Jonathan B. Wiener. "Social science research to inform solar geoengineering." Science 374.6569 (2021): 815-818.

Strengths and weaknesses of the PJM market model

Hogan, William W. "Strengths and weaknesses of the PJM market model." Handbook on Electricity Markets. Ed. Jean-Michel Glachant, Paul L. Joskow, and Michael G. Pollitt. Edward Elgar Publishing, 2021, 182-204.

Social Science Research to Inform Solar Geoengineering

Aldy, Joseph et al. "Social Science Research to Inform Solar Geoengineering." Science 374.6569 (2021): 815-818.

Why cap-and-trade should (and does) have appeal to politicians

Hahn, Robert and Robert Stavins. "Why cap-and-trade should (and does) have appeal to politicians." Combatting Climate Change: a CEPR Collection. Ed. Beatrice Weder di Mauro. CEPR Press, 2021, 259-264.

Market expectations of a warming climate

Schlenker, Wolfram, and Charles A. Taylor. "Market expectations of a warming climate." Journal of Financial Economics 142.2 (November 2021): 627-640.

Environmental Insights: Conversations on policy and practice from the Harvard Environmental Economics Program

Stavins, Robert N., and Sheila M. Olmstead. "Environmental Insights: Conversations on policy and practice from the Harvard Environmental Economics Program." Harvard Environmental Economics Program, October 2021.

Addressing the Leakage and Competitiveness Risks of Climate Policy

Aldy, Joseph. "Addressing the Leakage and Competitiveness Risks of Climate Policy." RFF Issue Briefs, October 2021.

Environmental Drivers of Agricultural Productivity Growth: CO2 Fertilization of US Field Crops

Taylor, Charles A., and Wolfram Schlenker. "Environmental Drivers of Agricultural Productivity Growth: CO2 Fertilization of US Field Crops." NBER Working Paper Series, October 2021.

Keep Climate Policy Focused on the Social Cost of Carbon

Aldy, Joseph, Matthew L. Kotchen, Robert N. Stavins, and James H. Stock. "Keep Climate Policy Focused on the Social Cost of Carbon." Science 373.6557 (2021): 850-852.

Violent conflict exacerbated drought-related food insecurity between 2009 and 2019 in sub-Saharan Africa

Anderson, Weston, Charles A. Taylor, Sonali McDermid, Elisabeth Ilboudo-Nébié, Richard Seager, Wolfram Schlenker, Fabien Cottier, Alex de Sherbinin, Dara Mendeloff, and Kelsey Markey. "Violent conflict exacerbated drought-related food insecurity between 2009 and 2019 in sub-Saharan Africa." Nature Food 2.8 (August 2021): 603-615.

How much could article 6 enhance nationally determined contribution ambition toward paris agreement goals through economic efficiency?

Edmonds, James, Sha Yu, Haewon Mcjeon, Dirk Forrister, Joseph Aldy, Nathan Hultman, Ryna Cui, Stephanie Waldhoff, Leon Clarke, Stefano de Clara, and Clayton Munnings. "How much could article 6 enhance nationally determined contribution ambition toward paris agreement goals through economic efficiency?" Climate Change Economics 12.2 (2021).

National Climate Policies and Corporate Internal Carbon Pricing

Bento, Nuno, Gianfranco Gianfrate, and Joseph E. Aldy. "National Climate Policies and Corporate Internal Carbon Pricing." The Energy Journal 42.5 (2021).

Testimony on the Elimination of Fossil Fuel Subsidies to the US Subcommittee on the Environment

Aldy, Joseph. "Testimony on the Elimination of Fossil Fuel Subsidies to the US Subcommittee on the Environment." US House Oversight Committee, April 22, 2021.

Investor Rewards to Climate Responsibility:Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 U.S. Elections

Ramelli, Stefano, Alexander F. Wagner, Richard J. Zeckhauser, and Alexandre Ziegler. "Investor Rewards to Climate Responsibility: Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 U.S. Elections." HKS Faculty Research Working Paper Series RWP21-011, March 2021.

The Role of Retrospective Analysis in an Era of Deregulation: Lessons from the U.S. Mercury Air Toxic Standards

Evans, Mary, Karen Palmer, Joseph Aldy, Meredith Fowlie, Matthew Kotchen, and Arik Levinson. "The Role of Retrospective Analysis in an Era of Deregulation: Lessons from the U.S. Mercury Air Toxic Standards." HKS Faculty Research Working Paper Series RWP21-010, March 2021.

Co-Benefits and Regulatory Impact Analysis:
Theory and Evidence from Federal Air Quality
Regulations

Aldy, Joseph, Matthew Kotchen, Mary Evans, Meredith Fowlie, Arik Levinson, and Karen Palmer. "Co-Benefits and Regulatory Impact Analysis: Theory and Evidence from Federal Air Quality Regulations." HKS Faculty Research Working Paper Series RWP21-009, March 2021.

Environmental Benefit-Cost Analysis: A Comparative Analysis Between the United States and the United Kingdom

Aldy, Joseph E., Giles Atkinson, and Matthew Kotchen. "Environmental Benefit-Cost Analysis: A Comparative Analysis Between the United States and the United Kingdom." HKS Faculty Research Working Paper Series RWP21-008, March 2021.

Potential revenue and breakeven of energy storage systems in PJM energy markets

Salles, Maurício B. C., Taina N. Gadotti, Michael J. Aziz, and William W. Hogan. "Potential revenue and breakeven of energy storage systems in PJM energy markets." Environmental Science and Pollution Research 28 (March 2021): 12357-12368.

Livestock plants and COVID-19 transmission

Taylor, Charles A., Christopher Boulosb, and Douglas Almonda. "Livestock plants and COVID-19 transmission." Proceedings of the National Academy of Sciences Vol.117.50 (December 15, 2020): 31706-31715.

Assessment of the National Park Service Museum Collections Storage Management. National Academy of Public Administration, December 2020.

Marcus Peacock, Donald Bathurst, Linda Bilmes, Sheila Burke and Margaret Sherry. "Assessment of the National Park Service Museum Collections Storage Management. National Academy of Public Administration, December 2020." National Academy of Public Administration, December 2020.

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