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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

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.

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.

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.

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.

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 Evolving Role of Greenhouse Gas Emission Offsets in Combating Climate Change

Aldy, Joseph E., and Zachery M. Halem. "The Evolving Role of Greenhouse Gas Emission Offsets in Combating Climate Change." HKS Faculty Research Working Paper Series RWP22-011, August 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.

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.

Looking Back at 50 Years of the Clean Air Act

Aldy, Joseph, Max Auffhammer, Maureen Cropper, Art Fraas, and Dick Morgenstern. "Looking Back at 50 Years of the Clean Air Act." Journal of Economic Literature 60.1 (March 2022): 179-232.

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.

Social Science Research to Inform Solar Geoengineering

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

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.

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.

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.

Rolling the Dice in the Corridors of Power: William Nordhaus’s Impacts on Climate Change Policy

Aldy, Joseph, and Robert N. Stavins. "Rolling the Dice in the Corridors of Power: William Nordhaus’s Impacts on Climate Change Policy." HKS Faculty Research Working Paper Series RWP20-022, July 2020.

Three Prongs for Prudent Climate Policy

Aldy, Joseph, and Richard Zeckhauser. "Three Prongs for Prudent Climate Policy." Southern Economic Journal 87.1 (July 2020): 3-29.

The Cost-Effectiveness Implications of Carbon Price Certainty

Aldy, Joseph, and Sarah Armitage. "The Cost-Effectiveness Implications of Carbon Price Certainty." American Economic Association Papers and Proceedings 110 (May 2020): 113-118.

Three Prongs for Prudent Climate Policy

Aldy, Joseph, and Richard Zeckhauser. "Three Prongs for Prudent Climate Policy." HKS Faculty Research Working Paper Series RWP20-009, April 2020.

Carbon Tax Review and Updating: Institutionalizing an Act-Learn-Act Approach to U.S. Climate Policy

Aldy, Joseph. "Carbon Tax Review and Updating: Institutionalizing an Act-Learn-Act Approach to U.S. Climate Policy." Review of Environmental Economics and Policy 14.1 (Winter 2020): 76-94.

Future-Proof Your Climate Strategy

Aldy, Joseph, and Gianfranco Gianfrate. "Future-Proof Your Climate Strategy." Harvard Business Review. May/June 2019, 91-101.

Consumers’ Response to State Energy Efficient Appliance Rebate Programs

Aldy, Joseph, and Sebastien Houde. "Consumers’ Response to State Energy Efficient Appliance Rebate Programs." American Economic Journal: Economic Policy 9.4 (November 2017): 227-225.

Competitiveness Impacts of Climate Change Mitigation Policies

Aldy, Joseph, and William A. Pizer. "Competitiveness Impacts of Climate Change Mitigation Policies." Journal of the Association of Environmental and Resource Economists 2.4 (December 2015): 565-595.