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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

Tax Equity in Low- and Middle-Income Countries

Bachas, Pierre, Anders Jensen, and Lucie Gadenne. "Tax Equity in Low- and Middle-Income Countries." Journal of Economic Perspectives 38.1 (Winter 2024): 55-80.

Informality, Consumption Taxes, and Redistribution

Bachas, Pierre, Lucie Gadenne, and Anders Jensen. "Informality, Consumption Taxes, and Redistribution." The Review of Economic Studies (21 September 2023): 1-31.

Globalization and Factor Income Taxation

Bachas, Pierre, Matthew Fisher-Post, Anders Jensen, and Gabriel Zucman. "Globalization and Factor Income Taxation." HKS Faculty Research Working Paper Series RWP23-027, August 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.

Dollar Rivals

Frankel, Jeffrey. "Dollar Rivals." HKS Faculty Research Working Paper Series RWP23-015, June 2023.

Estimation of Nonlinear Exchange Rate Dynamics in Evolving Regimes

Frankel, Jeffrey A., Yao Hou, and Danxia Xie. "Estimation of Nonlinear Exchange Rate Dynamics in Evolving Regimes." March 2023.

Helping Schools Survive: Experimental Evidence on the Impact of Financial and Educational Support to Private Schools

Andrabi, Tahir, Jishnu Das, Asim I Khwaja, and Selçuk Özyurt. "Helping Schools Survive: Experimental Evidence on the Impact of Financial and Educational Support to Private Schools." RISE Working Paper Series, February 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.

A Balance-Sheet Model of Fiscal
Policy in Namibia

Sturzenegger, Federico, and Nicolas Der Meguerditchian. "A Balance-Sheet Model of Fiscal Policy in Namibia." Red Nacionale de Investigadores en Economia (RedNIE), April 2022.

Tax Administration versus Tax Rates: Evidence from Corporate Taxation in Indonesia

Basri, M. Chatib, Mayara Felix, Rema Hanna, and Benjamin A. Olken. "Tax Administration versus Tax Rates: Evidence from Corporate Taxation in Indonesia." American Economic Review 111.12 (December 2021): 3827-3871.

Systematic Managed Floating

Frankel, Jeffrey. "Systematic Managed Floating." The Asian Monetary Policy Forum. Ed. Steven J. Davis, Edward S. Robinson, Bernard Yeung. World Scientific Publishing, 2021.

Covid-19 and taxes: policies for the post-pandemic recovery

Oliver Harman, Anders Jensen, Farria Naeem, Moussa Saab, Shahrukh Wani, and Nick Wilkinson. "Covid-19 and taxes: policies for the post-pandemic recovery." International Growth Centre Policy Briefs, January 2021.

Success Factors in Tax Digitalization

Rosengard, Jay K. "Success Factors in Tax Digitalization." United Nations Better Than Cash Alliance, October 2020.

Six Tax-Based Ways to Tackle US Inequality

Frankel, Jeffrey A. "Six Tax-Based Ways to Tackle US Inequality." Project Syndicate, December 17, 2019.

Opening Adaptation Windows onto Public Financial Management Reform Gaps in Mozambique

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.

African Regional Economic Integration: The Emergence, Evolution, and Impact of Institutional Innovation

Juma, Calestous, and Francis Mangeni. "African Regional Economic Integration: The Emergence, Evolution, and Impact of Institutional Innovation." HKS Faculty Research Working Paper Series RWP18-003, January 2018.

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.

Does It Matter If Statistical Agencies Frame the Month’s CPI Report on a 1-Month or 12-Month Basis?

Frankel, Jeffrey A., and Ayako Saiki. "Does It Matter If Statistical Agencies Frame the Month’s CPI Report on a 1-Month or 12-Month Basis?" HKS Faculty Research Working Paper Series RWP16-011, March 2016.

International Coordination

Frankel, Jeffrey A. "International Coordination." HKS Faculty Research Working Paper Series RWP16-002, January 2016.

Has Sweden Injected Realism into Public Financial Management Reforms in Partner Countries?

Andrews, Matthew. "Has Sweden Injected Realism into Public Financial Management Reforms in Partner Countries?" HKS Faculty Research Working Paper Series RWP15-063, October 2015.

Explaining Recent Declines in Labour’s Share in US Income

Lawrence, Robert Z. "Explaining Recent Declines in Labour’s Share in US Income." VoxEU, October 15, 2015.

Athletes and CEOs: What Do Their Earnings Tell Us about the Income (and Taxation) of the Super Rich?

Lawrence, Robert Z. "Athletes and CEOs: What Do Their Earnings Tell Us about the Income (and Taxation) of the Super Rich?" Peterson Institute for International Economics, August 7, 2015.

Does Reserve Accumulation Crowd Out Investment?

Reinhart, Carmen M., Vincent R. Reinhart, and Takeshi Tashiro. "Does Reserve Accumulation Crowd Out Investment?" HKS Faculty Research Working Paper Series RWP15-038, July 2015.

Causes of Eurozone Crises

Frankel, Jeffrey A. "Causes of Eurozone Crises." The Eurozone Crisis: A Consensus View of the Causes and a Few Possible Remedies. Ed. Richard Baldwin and Francesco Giavazzi. Center for Economic Policy Research, 2015, 109-120.

Financial Crises, Development, and Growth: A Long-term Perspective

Reinhart, Carmen M, and Vincent R. Reinhart. "Financial Crises, Development, and Growth: A Long-term Perspective." World Bank Economic Review (April 2015).

Congress, China, and Currency Manipulation

Frankel, Jeffrey A. "Congress, China, and Currency Manipulation." China-U.S. Focus. April 9, 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.

The Euro Crisis: Where to From Here?

Frankel, Jeffrey A. "The Euro Crisis: Where to From Here?" HKS Faculty Research Working Paper Series RWP15-015, March 2015.

China Is Not Yet Number One

Frankel, Jeffrey A. "China Is Not Yet Number One." Frontiers of Economics in China 10.1 (March 2015): 1-6.

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.

Economics of the Public Sector

Stiglitz, Joseph E., and Jay K. Rosengard. Economics of the Public Sector, 4th Edition. W.W. Norton & Company, 2015.

The Middle Class Crunch

Frankel, Jeffrey A. "The Middle Class Crunch." Bipartisan Program for New Members of Congress, Institute of Politics, December 3, 2014.

Spillovers to Emerging Markets

Frankel, Jeffrey A. "Spillovers to Emerging Markets." Academic Advisory Panel, Federal Reserve Bank of New York, November 21, 2014.

Nominal GDP Targeting for Middle-Income Countries

Frankel, Jeffrey A. "Nominal GDP Targeting for Middle-Income Countries." Central Bank Review 14.3 (September 2014): 1-14.

Engaging with Fragile and Conflict-Affected States

Woolcock, Michael. "Engaging with Fragile and Conflict-Affected States." HKS Faculty Research Working Paper Series RWP14-038, July 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.

Comments on the Comprehensive Restructuring of the International Economic Accounts

Frankel, Jeffrey A. "Comments on the Comprehensive Restructuring of the International Economic Accounts." BEA Advisory Committee, Bureau of Economic Analysis, U.S. Department of Commerce, May 9, 2014.

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.

An Estimate of the Effect of Common Currencies on Trade and Income

Frankel, Jeffrey A., and Andrew Rose. "An Estimate of the Effect of Common Currencies on Trade and Income." Recent Developments In Exchange Rate Economics. Ed. Mark P. Taylor and Meher Manzur. Edward Elgar, 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.

Debt Levels, Debt Composition, and Sovereign Spreads in Emerging and Advanced Economies

Dell’Erba, Salvatore, Ricardo Hausmann, and Ugo Panizza. "Debt Levels, Debt Composition, and Sovereign Spreads in Emerging and Advanced Economies." HKS Faculty Research Working Paper Series RWP13-028, September 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.

U.S. Exporters, Global Supply Networks, and Competitive Export-Import Bank Financing

Lawrence, Robert Z., and Matthew J. Slaughter. "U.S. Exporters, Global Supply Networks, and Competitive Export-Import Bank Financing." Report for Coalition for Employment Through Exports, Inc., June 2013.

The Future of the Currency Union

Frankel, Jeffrey A. "The Future of the Currency Union." HKS Faculty Research Working Paper Series RWP13-015, May 2013.

What Type of Crisis for India

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

Over-optimistic Official Forecasts and Fiscal Rules in the Eurozone

Frankel, Jeffrey A., and Jesse Schreger. "Over-optimistic Official Forecasts and Fiscal Rules in the Eurozone." Review of World Economics 149.2 (2013): 247-272.

Will Europe’s Fiscal Compact Work?

Frankel, Jeffrey A. "Will Europe’s Fiscal Compact Work?" Project Syndicate, January 18, 2013.

On Graduation from Fiscal Procyclicality

Frankel, Jeffrey A., Carlos A Vegh, and Guillermo Vuletin. "On Graduation from Fiscal Procyclicality." Journal of Development Economics 100.1 (January 2013): 32–47.