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
Elmendorf, Doug. "House to vote on budget to prevent shutdown." LiveNOW on FOX, March 11, 2025.
Elmendorf, Doug. "What does the House-passed budget resolution mean?" Harvard Kennedy School, March 5, 2025.
Dynan, Karen, and Doug Elmendorf. "Don’t look to efficiency for big deficit reductions." What awaits the Department of Government Efficiency? ÌÇÐÄvlog¹ÙÍø experts on prospects for a radical new initiative, January 15, 2025.
Armona, Luis, and Adam M. Rosenberg. "Second-Best Amendment: Market Power and Tax Design in the Firearms Industry." December 13, 2024.
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.
Horn, Sebastian, Carmen M. Reinhart, and Chrisoph Trebesch. "International Lending in War and Peace." October 2024.
Elmendorf, Douglas, Glenn Hubbard, and Heidi Williams. "Dynamic scoring: A progress report on why, when, and how." Brookings Papers on Economic Activity, September 26-27, 2024.
Elmendorf, Douglas. Review of The Crisis of Democratic Capitalism, by Martin Wolf. Journal of Economic Literature, 62.2, June 2024: 818-20.
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.
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.
Aldy, Joseph. "Learning How to Build Back Better through Clean Energy Policy Evaluation." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP22-010, August 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.
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.
Furman, Jason. "Why Did (Almost) No One See the Inflation Coming?" Intereconomics 57 (2022): 79-86.
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.
Furman, Jason. "What the Federal Reserve Should Do Now: An Elaboration." Peterson Institute for International Economics, November 18, 2021.
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.
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.
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.
Mangu, Samhita, Thillai Rajan Annamalai, and Akash Deep. "Comparison of toll and annuity PPPs: a case study of highway projects in India." Built Environment Project and Asset Management 11.1 (February 2021): 103-120.
Reinhart, Carmen. "The quiet financial crisis." World Bank Blogs: Let's Talk Development. January 2021.
Furman, Jason. "The Crisis Opportunity: What It Will Take to Build Back a Better Economy." Foreign Affairs 100.1 (January/February 2021): 25-35.
Reinhart, Carmen, and Vincent Reinhart. "La depresión de la pandemia: la economÃa mundial nunca volverá a ser la misma." Foreign affairs: Latinoamérica 21.1 (January 2021): 106-114.
Furman, Jason. "US Unemployment Insurance in the Pandemic and Beyond." Peterson Institute for International Economics, July 2020.
Dynan, Karen, and Douglas Elmendorf. "National Fiscal Policies to Fight Recessions in US States." AEA Papers and Proceedings 110 (May 2020): 131-136.
Dynan, Karen, and Douglas Elmendorf. "National Fiscal Policies to Fight Recessions in US States." AEA Papers and Proceedings 110 (May 2020): 131-136.
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.
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." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP19-014, April 2019.
Meyer, Josefin, Carmen M. Reinhart, and Christoph Trebesch. "Sovereign Bonds since Waterloo." ÌÇÐÄvlog¹ÙÍø 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?" ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP19-003, December 2018.
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." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP18-037, September 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." ÌÇÐÄvlog¹ÙÍø 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.
Sarin, Natasha, and Lawrence H. Summers. "On Market-Based Approaches to the Valuation of Capital." June 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.