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
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.
Fatas, Antonio, and Lawrence H. Summers. "The Permanent Effects of Fiscal Consolidations." Journal of International Economics 112 (May 2018): 238-250.
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." vlog Faculty Research Working Paper Series RWP18-012, March 2018.
Frank, Richard G., and Richard J. Zeckhauser. "Excess Prices for Drugs in Medicare: Diagnosis and Prescription." vlog 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." vlog Faculty Research Working Paper Series RWP18-003, January 2018.
Frankel, Jeffrey A. "To Understand the Tax Reform Bill, Use Good Old Math and History." Hill, December 10, 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).
Houde, Sebastien, and Joseph E. Aldy. "The Efficiency Consequences of Heterogeneous Behavioral Responses to Energy Fiscal Policies." vlog Faculty Research Working Paper Series RWP17-047, December 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.
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." vlog Faculty Research Working Paper Series RWP17-037, August 2017.
Elmendorf, Douglas. "Letter to Congressional Leaders." Harvard Kennedy School of Government, July 21, 2017.
Furman, Jason. "What Is the Potential Growth Rate of the U.S. Economy, and How Might Policy Affect It?" Business Economics 52.3 (July 2017): 158-167.
Elmendorf, Douglas. "Federal Policy and Economic Growth." Business Economics 52.3 (July 2017): 149–153.
Madrian, Brigitte. "Does Front-Loading Taxation Increase Savings? Evidence from Roth 401(k) Introductions." Journal of Public Economics 151 (July 2017): 84-95.
Beshears, John, James J. Choi, David Laibson, and Brigitte C. Madrian. "Does Front-Loading Taxation Increase Savings? Evidence from Roth 401(K) Introductions." Journal of Public Economics 151 (July 2017): 84-95.
Dynan, Karen. "The Federal Reserve's Impact on Main Street, Retirees, and Savings." Testimony before the Monetary Policy and Trade Subcommittee of the House Financial Services Committe, June 28, 2017.
Elmendorf, Douglas, and Louise M. Sheiner. "Federal Budget Policy with an Aging Population and Persistently Low Interest Rates." Journal of Economic Perspectives 31.3 (Summer 2017).
Furman, Jason. "Destination Basis with Border Adjustment as Tax Policy and as Macroeconomic Policy." Peterson Institute for International Economics, April 2017.
Donahue, John D. "Privatization." American Governance. Ed. Schechter, Steven. Macmillan, 2016.
Sinaiko, Anna, and Richard Zeckhauser. "Enrollee Choices After Their Health Plans Are Terminated: Default Effects Versus Persistent Preferences." vlog Faculty Research Working Paper Series RWP16-055, December 2016.
Shoag, Daniel, James Farrell. "Risky Choices: Simulating Public Pension Funding Stress with Realistic Shocks." vlog Faculty Research Working Paper Series RWP16-053, September 2016.
Dogan, Pinar, Marc Bourreau, and Romain Lestage. "Niveau d'Accès et Investissement dans les Réseaux de Télécommunications." Revue Économique 67.HS1 (2016).
Elmendorf, Douglas W., and Louise Sheiner. "Federal Budget Policy with an Aging Population and Persistently Low Interest Rates." Hutchins Center Working Papers (October 2016).
Reinhart, Carmen. "The Perils of Debt Complacency." Project Syndicate, 28 , September 2016.
Robinson, Lisa A., W. Kip Viscusi, and Richard Zeckhauser. "Efficient Warnings, Not “Wolf or Puppy” Warnings." vlog Faculty Research Working Paper Series RWP16-033, September 2016: Revised November 2016.
Tran, Ngoc-Khanh, Thao Vuong, and Richard Zeckhauser. "Loss Sequencing in Banking Networks: Threatened Banks as Strategic Dominoes." vlog Faculty Research Working Paper Series RWP16-030, August 2016.
Summers, Lawrence H. "Secular Stagnation and Monetary Policy." Review 98.2 (2nd Quarter 2016): 93-110.
Frankel, Jeffrey A. "Globalization and Chinese Growth: Ends of Trends?" vlog Faculty Research Working Paper Series RWP16-029, July 2016.
Levy Yeyati, Eduardo, and Federico Sturzenegger. "Classifying Exchange Rate Regimes: 15 Years Later." vlog Faculty Research Working Paper Series RWP16-028, June 2016.
Frankel, Jeffrey A., and Jesse Schreger. "Bias in Official Fiscal Forecasts: Can Private Forecasts Help?" vlog Faculty Research Working Paper Series RWP16-021, May 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.
Frankel, Jeffrey A. "Reckoning With Inequality." Korea Herald, March 27, 2016.
Frankel, Jeffrey A., and Ayako Saiki. "Does It Matter If Statistical Agencies Frame the Month’s CPI Report on a 1-Month or 12-Month Basis?" vlog Faculty Research Working Paper Series RWP16-011, March 2016.
Khan, Adnan Q., Asim Ijaz Khwaja, and Benjamin Olken. "Tax Farming Redux: Experimental Evidence on Performance Pay for Tax Collectors." Quarterly Journal of Economics 131.1 (February 2016).
Reinhart, Carmen M., and Christoph Trebesch. "Sovereign Debt Relief and Its Aftermath." Journal of the European Economic Association 14.1 (February 2016): 215-251.
Frankel, Jeffrey A. "China's Slowdown and the Chinese Stock Market." VoxEU, January 27, 2016.
Frankel, Jeffrey A. "International Coordination." vlog Faculty Research Working Paper Series RWP16-002, January 2016.
Schäferhoff, Marco, Sara Fewer, Jessica Kraus, Emil Richter, Lawrence H. Summers, Jesper Sundewall, Gavin Yamey, and Dean T. Jamison. "How Much Donor Financing for Health is Channeled to Global Versus Country-Specific Aid Functions?" Lancet 386.10011 (December 2015): 2436-2441.
Reinhart, Carmen, and Christoph Trebesch. "The International Monetary Fund: 70 Years of Reinvention." vlog Faculty Research Working Paper Series RWP15-077, December 2015.
duPont, Carolyn M., James N. Levitt, and Linda J. Bilmes. "Green Bonds and Land Conservation: The Evolution of a New Financing Tool." vlog Faculty Research Working Paper Series RWP15-072, December 2015.
Hogan, William W. "Electricity Markets and the Clean Power Plan." Electricity Journal 28.9 (November 2015): 9-32.
Blanchard, Oliver, Eugenio Cerutti, and Lawrence H. Summers. "Inflation and Activity – Two Explorations and their Monetary Policy Implications." vlog Faculty Research Working Paper Series RWP15-070, November 2015.
Reinhart, Carmen M., and Christoph Trebesch. "The Pitfalls of External Dependence: Greece, 1829-2015." vlog Faculty Research Working Paper Series RWP15-065, October 2015.
Mankiw, N. Gregory, and Lawrence H. Summers. "Uniting Behind the Divisive ‘Cadillac’ Tax on Health Plans." New York Times. October 24, 2015.
Elmendorf, Douglas. "Designing Federal Budget Policy to Spur Economic Growth." The Brookings Institution (October 13, 2015).
Elmendorf, Douglas. "A Fairer Approach to Fiscal Reform." The Washington Post, October 11, 2015.