Faculty Publications

Crowd of Black Lives Matters demonstrators marching in the street.

Feature: The Democratic Necessity of Reckoning

Erica Chenoweth reviews scholarship that overwhelmingly shows the Black Lives Matter movement generated high levels of public awareness about systemic racism and increased support for criminal justice reform.

Electronic stock ticker board with numbers and arabic letters.

Feature: Against Rule-of-Thumb Economics

Dani Rodrik argues against neoliberalism’s universal rule-of-thumb approach and for economic analyses grounded in contextual dependencies.

Several hands of team members covering one another in a huddle above a work table.

Feature: Leaders’ Psychological Bravery

Dana Born explores what skills leaders need to cultivate psychological safety on their teams and across their organizations.

Dollars and Euros piled on top of one another.

Feature: Dollar vs. Euro as International Reserve Currencies

Jeffrey Frankel explores the strengths and weaknesses of using the Dollar and the Euro as international reserve currencies.

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

The Cost of Money is Part of the Cost of Living: New Evidence on the Consumer Sentiment Anomaly

Bolhuis, Marijn A., Judd N. L. Cramer, Karl Oskar Schulz, and Lawrence H. Summers. "The Cost of Money is Part of the Cost of Living: New Evidence on the Consumer Sentiment Anomaly." NBER Working Paper Series, February 2024.

Three Key Issues for Post-pandemic Monetary Policy

Summers, Lawrence H. "Three Key Issues for Post-pandemic Monetary Policy." Cato Policy Report, November/December 2022.

Comparing Past and Present Inflation

Bolhuis, Marijn A., Judd N. L. Cramer, and Lawrence H. Summers. "Comparing Past and Present Inflation." Review of Finance 26.5 (September 2022): 1073-1100.

The Coming Rise in Residential Inflation

Bolhuis, Marijn A., Judd N. L. Cramer, and Lawrence H. Summers. "The Coming Rise in Residential Inflation." Review of Finance 26.5 (September 2022): 1051-1072.

Bad news for the Fed from the Beveridge space

Blanchard, Olivier, Alex Domash, and Lawrence Summers. "Bad news for the Fed from the Beveridge space." Peterson Institute for International Economics Policy Briefs, July 2022.

A Balance-Sheet Model of Fiscal
Policy in Namibia

Sturzenegger, Federico, and Nicolas Der Meguerditchian. "A Balance-Sheet Model of Fiscal Policy in Namibia." Red Nacionale de Investigadores en Economia (RedNIE), April 2022.

A labor market view on the risks of a U.S. hard landing

Domash, Alex, and Lawrence H. Summers. "A labor market view on the risks of a U.S. hard landing." NBER Working Paper Series, April 2022.

How Tight Are U.S. Labor Markets?

Domash, Alex, and Lawrence H. Summers. "How Tight Are U.S. Labor Markets?" NBER Working Paper Series, February 2022.

Rethinking How We Score Capital Gains Tax Reform

Sarin, Natasha, Lawrence Summers, Owen Zidar, and Eric Zwick. "Rethinking How We Score Capital Gains Tax Reform." Tax Policy and the Economy 36 (2022): 1-33.

Rethinking Multilateralism for a Pandemic Era

Okonjo-Iweala, Ngozi, Tharman Shanmugaratnam, and Lawrence H. Summers. "Rethinking Multilateralism for a Pandemic Era." Finance & Development (December 2021): 4-9.

A Reconsideration of Fiscal Policy in the Era of Low Interest Rates

Furman, Jason, and Lawrence H. Summers. "A Reconsideration of Fiscal Policy in the Era of Low Interest Rates." November 30, 2020.

The COVID-19 Pandemic and the $16 Trillion Virus

Summers, Lawrence H. "The COVID-19 Pandemic and the $16 Trillion Virus." JAMA: Journal of the American Medical Association 324.15 (October 2020): 1495-1496.

Automatic Stabilizers in a Low-Rate Environment

Banchard, Olivier, and Lawrence H. Summers. "Automatic Stabilizers in a Low-Rate Environment." Peterson Institute for International Economics, February 2020.

Tax Reform for Progressivity: A Pragmatic Approach

Sarin, Natasha, Lawrence Summers, and Joe Kupferberg. "Tax Reform for Progressivity: A Pragmatic Approach." The Hamilton Project, January 2020.

Negative Nominal Interest Rates and the Bank Lending Channel

Eggertsson, Gauti B., Ragnar E. Juelsrud, Lawrence H. Summers, and Ella Getz Wold. "Negative Nominal Interest Rates and the Bank Lending Channel." January 2019.

Alma-Ata at 40 Years: Reflections from the Lancet Commission on Investing in Health

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.

Aging, Output Per Capita and Secular Stagnation

Eggertsson, Gauti B., Manuel Lancastre, and Lawrence H. Summers. "Aging, Output Per Capita and Secular Stagnation." National Bureau of Economic Research, August 2018.

On Market-Based Approaches to the Valuation of Capital

Sarin, Natasha, and Lawrence H. Summers. "On Market-Based Approaches to the Valuation of Capital." June 2018.

On Market-Based Approaches to the Valuation of Capital

Sarin, Natasha, and Lawrence H. Summers. "On Market-Based Approaches to the Valuation of Capital." June 2018.

Secular Stagnation and Macroeconomic Policy

Summers, Lawrence H. "Secular Stagnation and Macroeconomic Policy." IMF Economic Review 66.2 (June 2018): 226–250.

Taxes for Health: Evidence Clears the Air

Summers, Lawrence H. "Taxes for Health: Evidence Clears the Air." The Lancet 391.10134 (May 2018): 1974-1976.

The Permanent Effects of Fiscal Consolidations

Fatas, Antonio, and Lawrence H. Summers. "The Permanent Effects of Fiscal Consolidations." Journal of International Economics 112 (May 2018): 238-250.

How to Convene an International Health or Development Commission: Ten Key Steps

Yamey, Gavin, Lawrence H. Summers, Dean T. Jamison, and Jessica Brinton. "How to Convene an International Health or Development Commission: Ten Key Steps." Health Policy and Planning 33.3 (April 2018): 429–435.

Saving the Heartland: Place-Based Policies in 21st Century America

Austin, Benjamin, Edward Glaeser, and Lawrence Summers. "Saving the Heartland: Place-Based Policies in 21st Century America." Brookings Papers on Economic Activity (Spring 2018).

Pandemic Risk: How Large Are the Expected Losses?

Fan, Victoria Y., Dean T. Jamison, and Lawrence H. Summers. "Pandemic Risk: How Large Are the Expected Losses?" Bulletin of the World Health Organization 96.2 (February 2018): 129-134.

Review of The Euro and the Battle of Ideas

Summers, Lawrence H. Review of The Euro and the Battle of Ideas, by Brunnermeier, Markus K.. The Times Literary Supplement, 5936 , January 6, 2017: 11.

A Contagious Malady? Open Economy Dimensions of Secular Stagnation

Eggertsson, Gauti B., Neil R. Mehrotra, Sanjay R. Singh, and Lawrence H. Summers. "A Contagious Malady? Open Economy Dimensions of Secular Stagnation." MF Economic Review 64.4 (November 2016).

Secular Stagnation and Monetary Policy

Summers, Lawrence H. "Secular Stagnation and Monetary Policy." Review 98.2 (2nd Quarter 2016): 93-110.

2014: US Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound

Summers, Lawrence H. "2014: US Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound." The Best of Business Economics. Palgrave McMillan US, 2016, 421-435.

The Fusion of Civilizations: The Case for Global Optimism

Mahbubani, Kishore, and Lawrence H. Summers. "The Fusion of Civilizations: The Case for Global Optimism." Foreign Affairs. May/June 2016.

Global Reserve Assets in a Low Interest Rate World: Secular Stagnation in the Open Economy

Eggertsson, Gauti B., Neil R. Mehrotra, and Lawrence H. Summers. "Global Reserve Assets in a Low Interest Rate World: Secular Stagnation in the Open Economy." The American Economic Review 106.5 (May 2016).

The Fusion of Civilizations: The Case for Global Optimism

Mahbubani, Kishore, and Lawrence H. Summers. "The Fusion of Civilizations: The Case for Global Optimism." Foreign Affairs 95.3 (May 2016): 126.

Reorienting Health Aid to Meet Post-2015 Global Health Challenges: A Case Study of Sweden as a Donor

Yamey, Gavin, Jesper Sundewall, Helen Saxenian, Robert Hecht, Keely Jordan, Marco Schäferhoff, Christina Schrade, C. Deleye, M. Thomas, N. Blanchet, Lawrence H. Summers. "Reorienting Health Aid to Meet Post-2015 Global Health Challenges: A Case Study of Sweden as a Donor." Oxford Review of Economic Policy 32.1 (March 2016): 122-146.

The Age of Secular Stagnation

Summers, Lawrence H. "The Age of Secular Stagnation." Foreign Affairs. Mar/Apr 2016, 2-9.

How Much Donor Financing for Health is Channeled to Global Versus Country-Specific Aid Functions?

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.

Economists’ Declaration on Universal Health Coverage

Summers, Lawrence H. "Economists’ Declaration on Universal Health Coverage." Lancet 386.10008 (November 2015): 2112-2113.

Inflation and Activity – Two Explorations and their Monetary Policy Implications

Blanchard, Oliver, Eugenio Cerutti, and Lawrence H. Summers. "Inflation and Activity – Two Explorations and their Monetary Policy Implications." HKS Faculty Research Working Paper Series RWP15-070, November 2015.

Uniting Behind the Divisive ‘Cadillac’ Tax on Health Plans

Mankiw, N. Gregory, and Lawrence H. Summers. "Uniting Behind the Divisive ‘Cadillac’ Tax on Health Plans." New York Times. October 24, 2015.

Have We Entered An Age Of Secular Stagnation?

Summers, Lawrence H. "Have We Entered An Age Of Secular Stagnation?" IMF Economic Review 63.1 (May 2015): 277-280.

Asiaphoria, Meet Regression to the Mean

Pritchett, Lant, and Lawrence H. Summers. "Asiaphoria, Meet Regression to the Mean." Prospects for Asia and the Global Economy (2014).

Global Health 2035: A World Converging Within a Generation

Jamison, Dean T., Lawrence H. Summers, George Alleyne, Kenneth J. Arrow, Seth Berkley, Agnes Binagwaho, Flavia Bustreo, David Evans, Richard G. A. Feachem, Julio Frenk, Gargee Ghosh, Sue J. Goldie, Yan Guo, Sanjeev Gupta, Richard Horton, Margaret E. Kruk, Adel Mahmoud, Linah K. Mohohlo, Mthuli Ncube, Ariel Pablos-Mendez, K. Srinath Reddy, Helen Saxenian, Agnes Soucat, Karen H. Ulltveit-Moe, Gavin Yamey. "Global Health 2035: A World Converging Within a Generation." The Lancet 382.9908 (December 2013): 1898–1955.

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