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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

Levy Yeyati, Eduardo, and Federico Sturzenegger. "Classifying Exchange Rate Regimes: 15 Years Later." HKS Faculty Research Working Paper Series RWP16-028, June 2016.
du Plessis, Stan, Ben Smit, and Federico Sturzenegger. "Identifying Aggregate Supply and Demand Shocks in South Africa." Journal of African Economies 17.5 (November 2008): 765-793.
Frankel, Jeffrey, Ben Smit, and Federico Sturzenegger. "Fiscal and Monetary Policy in a Commodity-Based Economy." Economics of Transition 16.4 (September 2008): 679-713.
Sturzenegger, Federico, and Jeromin Zettelmeyer. "Haircuts: Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005." Journal of International Money and Finance 27.5 (September 2008): 780-805.
Hausmann, Ricardo, Maya Horii, and Federico Sturzenegger. "The Growing Current Account Surpluses in East Asia: The Effect of Dark Matter Assets." International Economic Journal 22.2 (June 2008): 141-61.
Ortiz, Alberto, and Federico Sturzenegger. "Estimating SARB's Policy Reaction Rule." Center for International Development Working Papers 165, May 2008.
du Plessis, Stan, Ben Smit, and Federico Sturzenegger. "The Cyclicality of Monetary and Fiscal Policy in South Africa since 1994." Center for International Development Working Papers 163, May 2008.
du Plessis, Stan, Ben Smit, and Federico Sturzenegger. "Identifying Aggregate Supply and Demand Shocks in South Africa." Center for International Development Working Papers 164, May 2008.
Sturzenegger, Federico, and Rogerio L. F. Werneck. "Fiscal Federalism and Procyclical Spending: The Cases of Argentina and Brazil." Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence? Eds. Guillermo E. Perry, Luis Serven, and Rodrigo Suescun. The World Banks, 2008, 121-157.
Ortiz, Alberto and Federico Sturzenegger. "Estimating SARB's Policy Reaction Rule." South African Journal of Economics 75.4 (December 2007): 659-680.
Ortiz, Alberto, Ottonello Pablo, Federico Sturzenegger, and Ernesto Talvi. "Monetary and Fiscal Policies in a Sudden Stop: Is Tighter Brighter?" KSG Faculty Research Working Paper Series RWP07-057, November 28, 2007.
Levy-Yeyati, Eduardo, and Federico Sturzenegger. "Fear of Appreciation." KSG Faculty Research Working Paper Series and The World Bank, Policy Research Working Paper Series (RWP07-047 and 4387), 2007.
Levy-Yeyati, Eduardo, and Federico Sturzenegger. "A Balance-Sheet Approach to Fiscal Sustainability." KSG Faculty Research Working Paper Series RWP07-044, October 2007.
Powell, Andrew, and Federico Sturzenegger. "Deciding on Monetary Integration: An Operational Approach." KSG Faculty Research Working Paper Series RWP07-041, September 2007.
Du Plessis, Stan, Ben Smit, and Federico Sturzenegger. "The Cyclicality of Monetary and Fiscal Policy in South Africa since 1994." South African Journal of Economics 75.3 (September 2007): 391-411.
Hausmann, Ricardo, and Federico Sturzenegger. "The Missing Dark Matter in the Wealth of Nations and Its Implications for Global Imbalances." Economic Policy 51 (July 2007): 469-505, 515-518.
Sturzenegger, Federico. "Europe and Global Imbalances: Discussion." Economic Policy 51 (July 2007): 560-565.
Sturzenegger, Federico, and Jeromin Zettelmeyer. "Creditors' Losses versus Debt Relief: Results from A Decade of Sovereign Debt Crisis." Journal of the European Economic Association 5.2-3 (April-May 2007): 343-351.
Frankel, Jeffrey A., Ben Smit, and Federico Sturzenegger. "South Africa: Macroeconomic Challenges after a Decade of Success." KSG Faculty Research Working Paper Series RWP07-021, April 2007.
Sturzenegger, Federico, and Jeromin Zettelmeyer. Debt Defaults and Lessons from a Decade of Crises. MIT Press, 2007.
Hausmann, Ricardo, and Federico Sturzenegger. "The Valuation of Hidden Assets in Foreign Transactions: Why 'Dark Matter' Matters." Business Economics 42.1 (January 2007): 28-34.
Levy-Yeyati, Eduardo, Federico Sturzenegger, and Iliana Reggio. "On the Endogeneity of Exchange Rate Regimes." KSG Faculty Research Working Paper Series RWP06-047, November 2006.
Hausmann, Ricardo, and Federico Sturzenegger. "The Implications of Dark Matter for Assessing the U.S. External Imbalance." Center for International Development Working Paper Series (CID-137), November 2006.
Cowan, Kevin, Eduardo Levy-Yeyati, Ugo Panizza, and Federico Sturzenegger. "Sovereign Debt In The Americas: New Data and Stylized Facts." Inter-American Development Bank Working Paper 577, October 2006.
Frankel, Jeffrey A., Ben Smit, and Federico Sturzenegger. "Macroeconomic Challenges after a Decade for Success." Center for International Development Working Paper Series (CID-133), September 2006.
Hausmann, Ricardo, and Federico Sturzenegger. "Commentary: Why the U.S. Current Account Deficit is Sustainable." International Finance 9.2 (August 2006): 223-240.
Hausmann, Ricardo, and Federico Sturzenegger. "Global Imbalances or Bad Accounting? The Missing Dark Matter in the Wealth of Nations." Center for International Development and KSG Faculty Research Working Paper Series (CID-124 and RWP06-003), January 2006.
Berensztein, Sergio, Horacio Rodríguez Larreta, and Federico Sturzenegger. El País Que Queremos (The Country We Want), 1st. Editorial Temas, June 2006.
Sturzenegger, Federico, and Jeromin Zettelmeyer. “Creditors Losses versus Debt Relief: Results from a Decade of Sovereign Debt Crises." Working Paper, 2006.
Sturzenegger, Federico, and Rogerio Werneck. "Fiscal Federalism and Procyclical Spending: The Cases of Argentina and Brazil." Revista Económica LI.1/2 (2006): 151-194.
Hausmann, Ricardo, and Federico Sturzenegger. "'Dark Matter' Makes the U.S. Deficit Disappear." Financial Times, December 8, 2005.
Hausmann, Ricardo, and Federico Sturzenegger. "U.S. and Global Imbalances: Can Dark Matter Prevent a Big Bang?" Center for International Development, November 2005.
Sturzenegger, Federico, and Sebastian Galiani. "The Impact of Privatization on the Earnings of Restructured Workers." Working Paper, November 2005.
Sturzenegger, Federico, and Jeromin Zettelmeyer. "Has the Legal Threat to Sovereign Debt Restructuring Become Real?" Working Paper, October 2005.
Sturzenegger, Federico. "Politicas de Crecimiento y de Desarrollo de una Politica Industrial." Working Paper, October 2005.
Levy-Yeyati, Eduardo, and Federico Sturzenegger. "Classifying Exchange Rate Regimes: Deeds vs. Words." European Economic Review 49 (August 2005): 1603-1635.
Sturzenneger, Federico, and Andrew Powell. "A One World Currency? A Factor-OCA Approach to the Analysis of Monetary Integration." Working Paper, August 2005.
Sturzenegger, Federico and Jeromin Zettelmeyer. "Haircuts: Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005." IMF Working Paper 05-137, July 2005.
Sturzenegger, Federico. La Economía de los Argentinos Editorial Planeta, Second Edition. Buenos Aires, 2005.
Chuan, Punam, and Federico Sturzenegger. “Default Episodes in the 1980s and 1990s: What Have We Learned?” Managing Economic Volatility and Crises : A Practitioner's Guide. Ed. Aizenman, Joshua, and Brian Pinto. Cambridge University Press, 2005.
Galiani, Sebastian, Paul Gertler, Ernesto Schargrodsky, and Federico Sturzenegger. "The Benefits and Costs of Privatization in Argentina: A Microeconomic Analysis." Privatization in Latin America: Myths and Realities. Ed. Chong, Alberto, and Florencio Lopez-de-Silanes. World Bank and Stanford University Press, 2005, 67-116.