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
Dynan, Karen, and Doug Elmendorf. "Don’t look to efficiency for big deficit reductions." What awaits the Department of Government Efficiency? vlog experts on prospects for a radical new initiative, January 15, 2025.
Dynan, Karen, and Douglas Elmendorf. "Fiscal policy and the pandemic-era surge in US inflation: Lessons for the future." Understanding the COVID Era Inflation, Peterson Institute for International Economics, December 2024.
Dynan, Karen, and Louise Sheiner. "GDP as a Measure of Economic Well-Being." The Measure of Economies: Measuring Productivity in an Age of Technological Change. Ed. Reinsdorf, Marshall B. and Louise Sheiner. Chicago: The University of Chicago Press, 2024.
Deming, David, Christopher Ong, and Lawrence Summers. "Technological Disruption in the US Labor Market." Strengthening America’s Economic Dynamism. Ed. Melissa S. Kearney and Luke Pardue. Washington, DC: Aspen Institute, 2024.
Horn, Sebastian, Carmen M. Reinhart, and Chrisoph Trebesch. "International Lending in War and Peace." October 2024.
Furman, Jason. Review of The Resilient Society, by Markus K. Brunnermeier. Journal of Economic Literature, 62.3, September 2024: 1258-1259.
Lamby, Lucas, Sophia Henn, Tim O’Brien, and Ricardo Hausmann. "Diagnosing Wyoming's Workforce Challenges." Growth Lab Working Paper Series, July 2024.
Weidmann, Ben, Joseph Vecci, Farah Said, David J. Deming, and Sonia R. Bhalotra. "How Do You Find a Good Manager?" July 2024.
Graf Von Luckner, Clemens, Josefin Meyer, Carmen M. Reinhart, and Christoph Trebesch. "Sovereign Debt: 200 Years of Creditor Losses." NBER Working Paper Series, June 2024.
Farah-Yacoub, Juan P., Clemens M. Graf von Luckner, and Carmen M. Reinhart. "The Social Costs of Sovereign Default." NBER Working Paper Series, June 2024.
Furman, Jason. "Starting health reform from here." Journal of Policy Analysis and Management (April 30, 2024).
Furman, Jason. "Which direction should we head to get to our North Star?" Journal of Policy Analysis and Management (April 30, 2024).
Dynan, Karen. "High and Rising US Federal Debt: Causes and Implications." Building a More Resilient US Economy. Ed. Melissa S. Kearney, Justin Schardin, and Luke Pardue. Washington, D.C.: Aspen Economic Strategy Group, 2023.
Dynan, Karen. "Advanced economies will experience subdued growth, outlook for emerging markets is varied." Peterson Institute for International Economics (September 29, 2023).
Dynan, Karen. "PIIE projects global economy poised for soft landing." Peterson Institute for International Economics (September 26, 2023).
Graf von Luckner, Clemens, Carmen M. Reinhart, and Kenneth Rogoff. "Decrypting new age international capital flows." Journal of Monetary Economics 138 (September 2023): 104-122.
Olaberria, Eduardo, and Carmen Reinhart. "The Reversal Problem: Development Going Backwards." Credibility of Emerging Markets, Foreign Investors' Risk Perceptions, and Capital Flows. Ed. Álvaro Aguirre, Andrés Fernández, and Sebnem Kalemli-Özcan. Central Bank of Chile, 2023, 301-314.
Dynan, Karen, and Douglas Elmendorf. "Changes in Racial Gaps in Retirement Security over Time." Wharton Pension Research Council Working Paper Series, July 2023.
Stansbury, Anna, Jacob Funk Kirkegaard, and Karen Dynan. "Gender gaps in South Korea’s labour market: children explain most of the gender employment gap, but little of the gender wage gap." Applied Economics Letters (May 3, 2023).
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.
Deep, Akash, Mojahedul Islam Nayyer, and Thillai Rajan A. "The performance of PPP and publicly procured road projects: evidence from India." Assessing the Performance Advantage of Public-Private Partnerships. Ed. Stefan Verweij, Ingmar van Meerkerk, and Carter Casady. Edward Elgar, 2022, 156-183.
Horn, Sebastian, Carmen M. Reinhart, and Christoph Trebesch. "China’s overseas lending and the war in Ukraine." Global Economic Consequences of the War in Ukraine: Sanctions, Supply Chains and Sustainability. Ed. Luis Garicano, Dominic Rohner, and Beatrice Weder di Mauro. CEPR Press, September 2022.
Furman, Jason. "The Quants in the Room: How Much Power Do Economists Really Have?" Review of by Thinking Like an Economist: How Efficiency Replaced Equality in US. Public Policy. ed. Elizabeth Popp Berman. Foreign Affairs, 101.4, 2022: 182-189.
Kose, M. Ayhan, Franziska L. Ohnsorge, Carmen M. Reinhart, and Kenneth S. Rogoff. "The Aftermath of Debt Surges." Annual Review of Economics 14.1 (August 2022): 637-663.
Dynan, Karen E., Jacob F. Kirkegaard, and Anna Stansbury. "Why gender disparities persist in South Korea’s labor market." Peterson Institute for International Economics Working Paper Series, July 2022.
Sardonis, Amanda, and Henry Lee. "Partnerships under Pressure: Lessons on Adaptation and Overcoming Challenges." Partnerships for Sustainability in Contemporary Global Governance: Pathways to Effectiveness. Ed. Liliana B. Andonova, Moira V. Faul, and Dario Piselli. Routledge, 2022, 189-212.
Horn, Sebastian, Carmen Reinhart, and Christoph Trebesch. "Hidden Defaults." American Economics Papers and Proceedings 112 (May 2022): 531-535.
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.
Olaberria, Eduardo, and Carmen Reinhart. "The Reversal Problem: Development Going Backwards: Development Going Backwards." Let's Talk Development, The World Bank, April 15, 2022.
Graf Von Luckner, Clemens, Kathryn Holston, and Carmen Reinhart. "Is Another Food Crisis Unfolding?" Let’s Talk Development, The World Bank, April 15, 2022.
Furman, Jason. "Why Did (Almost) No One See the Inflation Coming?" Intereconomics 57 (2022): 79-86.
Pazarbasioglu, Ceyla, and Carmen M. Reinhart. "Shining a Light on Debt." Finance & Development 59.001 (March 2022): 10-13.
Reinhart, Carmen M. "From Health Crisis to Financial Distress." IMF Economic Review 70.1 (March 2022): 4-31.
Furman, Jason. "The Economic Consequences of the Ukraine War." Project Syndicate. February 25, 2022.
Deep, Akash. "Infrastructure Finance." Infrastructure Economics and Policy: International Perspectives. Ed. Jose A. Gomez-Ibanez and Zhi Liu. Lincoln Institute of Land Policy, 2022, 213-238.
Horn, Sebastian, Carmen M. Reinhart, and Christoph Trebesch. "Hidden Defaults." World Bank, Policy Research Working Paper Series, February 2022.
Furman, Jason. "What the Federal Reserve Should Do Now: An Elaboration." Peterson Institute for International Economics, November 18, 2021.
Horn, Sebastian, Carmen M. Reinhart, and Christoph Trebesch. "China's overseas lending." Journal of International Economics 133 (November 2021): 1-32.
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.
Bai, Jie, Maggie Chen, Jin Liu, and Daniel Yi Xu. "Search and Information Frictions on Global E-Commerce Platforms: Evidence from AliExpress." vlog Faculty Research Working Paper Series RWP20-037, November 2020; Updated September 2021.
Furman, Jason. "Prepared Testimony on “Economic Disparities and the Economic Challenges Facing American Families”." Select Committee on Economic Disparity and Fairness in Growth, 07/29/2021.
Frankel, Jeffrey A. "America’s False Imbalance Syndrome." The Project Syndicate, June 2021.
Furman, Jason, Melissa S. Kearney, and Wilson Powell. "The role of childcare challenges in the US jobs market recovery during the COVID-19 pandemic." NBER Working Paper Series, June 2021.
Frankel, Jeffrey A. "Statistics And the Pandemic." The Project Syndicate, May 2021.
Reinhart, Carmen. "From Health Crisis to Financial Distress." World Bank Policy Research Working Paper Series, April 2021.
Frankel, Jeffrey A. "What Three Economists Taught Us About Currency Regimes." The Project Syndicate, April 2021.