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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

Ilzetzki, Ethan, Carmen M. Reinhart, and Kenneth S. Rogoff. "Why is the Euro Punching Below Its Weight?" HKS Faculty Research Working Paper Series RWP20-013, May 2020.
Horn, Sebastian, Carmen M. Reinhart, Christoph Trebesch. "China's Overseas Lending." July 2019.
Reinhart, Carmen. "Exchange Rate Arrangements in the 21st Century: Which Anchor Will Hold?" Quarterly Journal of Economics 34.2 (May 2019): 599-646.
Reinhart, Carmen. "The Triffin Dilemma, Chinese Opacity, and Capital Mobility: Concluding Remarks on International Macroeconomic Policy." Evolution or Revolution? Rethinking Macroeconomic Policy after the Great Recession. MIT Press, 2019.
Reinhart, Carmen. "Latin America's Challenging External Environment: Old and New Forces." Latin America Policy Journal 8 (Spring 2019): 9-13.
Meyer, Josefin, Carmen M. Reinhart, and Christoph Trebesch. "Sovereign Bonds since Waterloo." HKS Faculty Research Working Paper Series RWP19-009, February 2019.
Reinhart, Carmen. "Financial Crises: Past and Future." HKS Faculty Research Working Paper Series RWP19-005, January 2019.
Reinhart, Carmen. "The Curious Case of the Missing Defaults." HKS Faculty Research Working Paper Series RWP19-004, January 2019.
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.
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.
Reinhart, Carmen. "The Perils of Debt Complacency." Project Syndicate, 28 , September 2016.
Reinhart, Carmen M., Vincent Reinhart, and Takeshi Tashiro. "Does Reserve Accumulation Crowd out Investment?" Journal of International Money and Finance 63 (May 2016): 89-111.
Reinhart, Carmen M., Vincent Reinhart, Christoph Trebesch. "Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815–2015." The American Economic Review 106.5 (May 2016): 574-580.
Reinhart, Carmen M., and Christoph Trebesch. "Sovereign Debt Relief and Its Aftermath." Journal of the European Economic Association 14.1 (February 2016): 215-251.
Reinhart, Carmen M., Miguel Angel Santos. "From Financial Repression to External Distress: The Case of Venezuela." Emerging Markets Finance and Trade 52.2 (February 2016): 255-284.
Reinhart, Carmen M., and Christoph Trebesch. "The International Monetary Fund: 70 Years of Reinvention." The Journal of Economic Perspectives 30.1 (January 2016): 3-27.
Reinhart, Carmen, and Christoph Trebesch. "The International Monetary Fund: 70 Years of Reinvention." HKS Faculty Research Working Paper Series RWP15-077, December 2015.
Reinhart, Carmen. "The Antecedents and Aftermath of Financial Crises as told by Carlos F Díaz Alejandro." Economiia Journal of Latin American and Caribbean Economic Association 16.1 (Fall 2015): 187-217.
Reinhart, Carmen. "The Commodity Rollercoaster." Project Syndicate, November 19, 2015.
Reinhart, Carmen M., and Christoph Trebesch. "The Pitfalls of External Dependence: Greece, 1829-2015." HKS Faculty Research Working Paper Series RWP15-065, October 2015.
Reinhart, Carmen. "The Hidden Debt Burden of Emerging Markets." Project Syndicate, October 9, 2015.
Reinhart, Carmen. "Inflation, the Fed, and the Big Picture." Project Syndicate, September 3, 2015.
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.
Reinhart, Carmen. "The Antecedents and Aftermath of Financial Crises as Told by Carlos F. Díaz Alejandro." HKS Faculty Research Working Paper Series RWP15-035, July 2015.
Reinhart, Carmen. "What Greece Can Expect." Bloomberg View, July 9, 2015.
Reinhart, Carmen. "Lessons for Greece: Forcible Currency Conversions from 1982 to 2015." VOX, July 9, 2015.
Reinhart, Carmen M. and Christoph Trebesch. "Sovereign Debt Relief and its Aftermath." HKS Faculty Research Working Paper Series RWP15-028, June 2015.
Reinhart, Carmen, and Kenneth Rogoff. "Dealing with Debt." Journal of International Economics 96 (July 2015): S43-S55.
Reinhart, Carmen M, and Vincent R. Reinhart. "Financial Crises, Development, and Growth: A Long-term Perspective." World Bank Economic Review (April 2015).
Reinhart, Carmen, and Miguel Angel Santos. "From Financial Repression to External Distress: The Case of Venezuela." HKS Faculty Research Working Paper Series RWP15-018, April 2015.
Fuentes, Miguel D., Claudio Raddatz, and Carmen M. Reinhart. "Capital Mobility and Monetary Policy: An Overview." Journal Economía Chilena 18.1 (April 2015): 50-67.
Reinhart, Carmen M., and M. Belen Sbrancia. "The Liquidation of Government Debt." Economic Policy 30.82 (March 2015): 291-333.
Reinhart, Carmen. "Are Negative Real Interest Rates the 'New Normal'?" Nikkei Asian Review, March 5, 2015.
Reinhart, Carmen, Vincent Reinhart, and Kenneth Rogoff. "Dealing with Debt." HKS Faculty Research Working Paper Series RWP15-009, February 2015.
Reinhart, Carmen, and Ken Rogoff. "This Time is Different: A Panoramic View of Eight Centuries of Financial Crises." Annals of Economics and Finance 15.2 (November 2014): 1065-1188.
Reinhart, Carmen and Christoph Trebesch. "Sovereign-Debt Relief And Its Aftermath: The 1930s, The 1990s, The Future?" Vox, October 21, 2014.
Reinhart, Carmen, and Kenneth Rogoff. "Venezuela's Economic Underperformance." Project Syndicate, October 13, 2014.
Magud, Nicolas E., Carmen M. Reinhart, and Esteban R. Vesperoni. "Capital Inflows, Exchange Rate Flexibility and Credit Booms." Review of Development Economics 18.3 (August 2014): 415-430.
Reinhart, Carmen M., and Kenneth S. Rogoff. "Recovery from Financial Crises: Evidence from 100 Episodes." American Economic Review 104.5 (May 2014): 50-55.
Reinhart, Carmen, and Ken Rogoff. "Addicted to Dollars." Annals of Economics and Finance 15.1 (May 2014): 1-52.
Reinhart, Carmen, and Kenneth Rogoff. "Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten." Financial Crises: Causes, Consequences, and Policy Responses. Ed. Stijn Claessens, M. Ayhan Kose, Luc Laeven, and Fabian Valencia. International Monetary Fund, 2014.
Reinhart, Carmen, and Takeshi Tashiro. "Crowding Out Redefined: The Role of Reserve Accumulation." Prospects for Asia and the Global Economy. Ed. Reuven Glick, and Mark M. Spiegel. Federal Reserve Bank of San Francisco, 2014, 1-43.
Reinhart, Carmen and Takeshi Tashiro. "Investment In The Wake of Crises: Asia 15 Years Later." Vox, December 17, 2013.
Reinhart, Carmen. "Of Debt, Growth, Interest Rates & History." Bloomberg Business, November 5, 2013.
Reinhart, Carmen, and Kenneth S. Rogoff. "Debt, Growth and the Austerity Debate." New York Times, April 25, 2013.
Reinhart, Carmen, and Kenneth S. Rogoff. "Sorry, U.S. Recoveries Really Aren’t Different." Bloomberg, October 15, 2012.
Reinhart, Carmen. "Financial Repression Back to Stay." Bloomberg Business, March 11, 2012.