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

Horn, Sebastian, Bradley C. Parks, Carmen M. Reinhart, and Christoph Trebesch. "Debt Distress on China's Belt and Road." AEA Papers and Proceedings 113 (May 2023): 131-34.
Ilzetzki, Ethan, Carmen Reinhart, and Kenneth Rogoff. "Exchange Rate Volatility and Monetary Policy." Vox EU, April 4, 2023.
Horn, Sebastian, Bradley C. Parks, Carmen M. Reinhart, and Cristoph Trebesch. "China as an International Lender of Last Resort." World Bank Policy Research Working Paper Series, March 2023.
Ilzetzki, Ethan, Carmen Reinhart, and Kenneth Rogoff. "Rethinking Exchange Rate Regimes." Handbook of International Economics. Ed. Gita Gopinath, Elhanan Helpman, and Kenneth S. Rogoff. Elsevier, 2022, 91-145.
Graf von Luckner, Clemens, Carmen M. Reinhart, and Kenneth S. Rogoff. "Decrypting New Age International Capital Flows." NBER Working Paper Series, October 2021.
Ilzetzki, Ethan, Carmen M. Reinhart, and Kenneth S. Rogoff. "Rethinking Exchange Rate Regimes." NBER Working Paper Series, October 2021.
Kose, M. Ayhan, Franziska L. Ohnsorge, Carmen M. Reinhart, and Kenneth S. Rogoff. "The Aftermath of Debt Surges." NBER Working Paper Series, September 2021.
Reinhart, Carmen. "From Health Crisis to Financial Distress." World Bank Policy Research Working Paper Series, April 2021.
Graf von Luckner, Clemens, Josefin Meyer, Carmen Reinhart, and Christoph Trebesch. "External sovereign debt restructurings: Delay and replay." VoxEU. March 2021.
Reinhart, Carmen. "The quiet financial crisis." World Bank Blogs: Let's Talk Development. January 2021.
Reinhart, Carmen, and Vincent Reinhart. "La depresión de la pandemia: la economía mundial nunca volverá a ser la misma." Foreign affairs: Latinoamérica 21.1 (January 2021): 106-114.
Meyer, Josefin, Carmen M. Reinhart, and Christoph Trebesch. "Sovereign Bonds since Waterloo." HKS Faculty Research Working Paper Series RWP19-009, February 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, 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, and Christoph Trebesch. "The International Monetary Fund: 70 Years of Reinvention." HKS Faculty Research Working Paper Series RWP15-077, December 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 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 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 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.