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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

Dynan, Karen. "Student Loan Burdens and What to Do About Them." Business Economics. June 2020.
Dynan, Karen, Gene Amromin, and Jane Dokko. "Helping Homeowners During the Covid-19 Pandemic: Lessons from the Great Recession." Chicago Fed Letter. June 2020.
Dynan, Karen, and Douglas Elmendorf. "National Fiscal Policies to Fight Recessions in US States." AEA Papers and Proceedings 110 (May 2020): 131-136.
Frankel, Jeffrey A. "Six Tax-Based Ways to Tackle US Inequality." Project Syndicate, December 17, 2019.
Olson, Stevie, Phil Berkaw, Lucien Charland, Elizabeth Patton, and Linda J. Bilmes. "The $64 Billion Massachusetts Vehicle Economy." HKS Faculty Research Working Paper Series RWP19-038, December 2019.
Dynan, Karen. "Measuring Household Wealth in the Panel Study of Income Dynamics: The Role of Retirement Assets." Federal Reserve Bank of Boston, September 2019.
Frankel, Jeffrey A. "Central Banks Should Forget About Achieving 2 Percent Inflation." The Globe and Mail, July 28, 2019.
Shoag, Daniel. "Health Care Spending Projections and Policy Changes: Recognizing the Limits of Existing Forecasts." HKS Faculty Research Working Paper Series RWP19-022, June 2019.
Goldsmith, Stephen. "Participatory Budgeting: A Powerful Civic Education Tool." Governing. June 18, 2019.
Frankel, Jeffrey A. "Moore Problems for the Fed?" Project Syndicate, April 27, 2019.
Aperjis, Christina, Maciej Kotowski, and Richard Zeckhauser. "Efficient Division When Preferences are Private: Using the Expected Externality Mechanism." HKS Faculty Research Working Paper Series RWP19-014, April 2019.
Meyer, Josefin, Carmen M. Reinhart, and Christoph Trebesch. "Sovereign Bonds since Waterloo." HKS Faculty Research Working Paper Series RWP19-009, February 2019.
Bilmes, Linda J., and W. Scott Gould. "The Ripple Effects of the U.S. Government Shutdown." Barron's. January 22, 2019.
Frankel, Jeffrey A. "Should the Fed Be Constrained?" HKS Faculty Research Working Paper Series RWP19-003, December 2018.
Bilmes, Linda J. "To Avoid Government Shutdowns, Fix the Budget Process." Boston Globe. January 7, 2019.
Eggertsson, Gauti B., Ragnar E. Juelsrud, Lawrence H. Summers, and Ella Getz Wold. "Negative Nominal Interest Rates and the Bank Lending Channel." January 2019.
Frankel, Jeffrey A. "George HW Bush Was Fiscally Responsible – Unlike Donald Trump." The Guardian, December 11, 2018.
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.
Ramelli, Stefano, Alexander F. Wagner, Richard J. Zeckhauser, and Alexandre Ziegler. "Stock Price Rewards to Climate Saints and Sinners: Evidence from the Trump Election." HKS Faculty Research Working Paper Series RWP18-037, September 2018.
Ganong, Peter, and Jeffrey B. Liebman. "The Decline, Rebound, and Further Rise in Snap Enrollment: Disentangling Business Cycle Fluctuations and Policy Changes." American Economic Journal: Economic Policy 10.4 (November 2018).
Dynan, Karen. "The Unheard Nerds: How Economists Can Talk So Policymakers Will Listen." Foreign Affairs. November/December 2018.
Watkins, David A., Gavin Yamey, Marco Schäferhoff, Olusoji Adeyi, George Alleyne, Ala Alwan, Seth Berkley et al. "Alma-Ata at 40 Years: Reflections from the Lancet Commission on Investing in Health." The Lancet 392.10156 (October 2018): 1434-1460.
Schatzki, Todd, and Robert N. Stavins. "Key Issues Facing California's GHG Cap-and-Trade System for 2021-2030." HKS Faculty Research Working Paper Series RWP18-025, July 2018.
Bilmes, Linda J. "The Fiscal Opacity Cycle: How America Hid the Costs of the Wars in Iraq and Afghanistan." Toward A Just Society: Joseph Stiglitz and Twenty-First Century Economics. Ed. Martin Guzman. Columbia University Press, 2018, 457-478.
Eggertsson, Gauti B., Manuel Lancastre, and Lawrence H. Summers. "Aging, Output Per Capita and Secular Stagnation." National Bureau of Economic Research, August 2018.
Risse, Mathias, and Marco Meyer. "The Globalized Myth of Ownership and Its Implications for Tax Competition." HKS Faculty Research Working Paper Series RWP18-018, June 2018.
Sarin, Natasha, and Lawrence H. Summers. "On Market-Based Approaches to the Valuation of Capital." June 2018.
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.
Summers, Lawrence H. "Secular Stagnation and Macroeconomic Policy." IMF Economic Review 66.2 (June 2018): 226–250.
Summers, Lawrence H. "Taxes for Health: Evidence Clears the Air." The Lancet 391.10134 (May 2018): 1974-1976.
Fatas, Antonio, and Lawrence H. Summers. "The Permanent Effects of Fiscal Consolidations." Journal of International Economics 112 (May 2018): 238-250.
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.
Arezki, Rabah, Raouf Boucekkine, Jeffrey A. Frankel, and Rick van der Ploeg, eds. Rethinking the Macroeconomics of Resource-Rich Countries. Center for Economic Policy Research, 2018.
Barro, Robert J., and Jason Furman. "Macroeconomic Effects of the 2017 Tax Reform." Brookings Papers on Economic Activity (Spring 2018).
Aldy, Joseph, Todd Gerarden, and Richard Sweeney. "Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy." HKS Faculty Research Working Paper Series RWP18-012, March 2018.
Mayne, Quinton. "Cities on a Hill?" Boston Review. February 13, 2018.
Bilmes, Linda J. "Congress’ Budget Dysfunction Is More Than 4 Decades in the Making." The Conversation, February 9, 2018.
Frank, Richard G., and Richard J. Zeckhauser. "Excess Prices for Drugs in Medicare: Diagnosis and Prescription." HKS Faculty Research Working Paper Series RWP18-005, January 2018.
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.
Glaeser, Edward L., and Joseph Gyourko. "The Economic Implications of Housing Supply." Journal of Economic Perspectives 32.1 (Winter 2018).
Frankel, Jeffrey A. "To Understand the Tax Reform Bill, Use Good Old Math and History." Hill, December 10, 2017.
Houde, Sebastien, and Joseph E. Aldy. "The Efficiency Consequences of Heterogeneous Behavioral Responses to Energy Fiscal Policies." HKS Faculty Research Working Paper Series RWP17-047, December 2017.
Jorgenson, Dale W., and Paul Schreyer. "Measuring Individual Economic Well-Being and Social Welfare within the Framework of the System of National Accounts." Review of Income and Wealth 63.s2 (December 2017).
Bilmes, Linda J. "On Veteran's Day, let's honor the promises we've made to veterans." Boston Globe, November 9, 2017.
Dobbie, Will, Paul Goldsmith-Pinkham, and Crystal Yang. "Consumer Bankruptcy and Financial Health." Review of Economics and Statistics 99.5 (2017): 853-869.
Frankel, Jeffrey A. "Reagan's Tax Reforms Re-visited." Project Syndicate, November 2017.
William Julius Wilson. "Why Sociologists Matter in the Welfare Reform Debate." Contemporary Sociology 46.6 (November 2017): 627-634.
Liebman, Jeffrey B., and Neale Mahoney. "Do Expiring Budgets Lead to Wasteful Year-End Spending? Evidence from Federal Procurement." American Economic Review 107.11 (November 2017): 3510-3549.
Furman, Jason. "How Lawyers Can Help Macroeconomists in the Wake of Three Major Challenges." Yale Journal on Regulation 34 (Fall 2017).
Shoag, Daniel, Cody Tuttle, and Stan Veuger. "Rules versus Home Rule: Local Government Responses to Negative Revenue Shocks." HKS Faculty Research Working Paper Series RWP17-037, August 2017.