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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

Associations Between Annual Medicare Part D Low-Income Subsidy Loss and Prescription Drug Spending and Use

Fung, Vicki, Mary Price, David Cheng, Tej A. Patel1, Zhiyou Yang, John Hsu, Margarita Alegria, and Joseph P. Newhouse. "Associations Between Annual Medicare Part D Low-Income Subsidy Loss and Prescription Drug Spending and Use." JAMA Health Forum 5.2 (February 2024): e235152.

Tax Equity in Low- and Middle-Income Countries

Bachas, Pierre, Anders Jensen, and Lucie Gadenne. "Tax Equity in Low- and Middle-Income Countries." Journal of Economic Perspectives 38.1 (Winter 2024): 55-80.

Help for the Heartland? The Employment and Electoral Effects of the Trump Tariffs in the United States

Autor, David, Anne Beck, David Dorn, and Gordon H. Hanson. "Help for the Heartland? The Employment and Electoral Effects of the Trump Tariffs in the United States." NBER Working Paper Series, January 2024.

Cost of Exempting Sole Orphan Drugs From Medicare Negotiation

Vogel, Matthew, Olivia Zhao, William B. Feldman, Amitabh Chandra, Aaron S. Kesselheim, and Benjamin N. Rome. "Cost of Exempting Sole Orphan Drugs From Medicare Negotiation." JAMA Internal Medicine (November 27, 2023).

High and Rising US Federal Debt: Causes and Implications

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. Asen Economic Strategy Group, 2023.

Community influence on microfinance loan defaults under crisis conditions: Evidence from Indian demonetization

Adbi, Arzi, Matthew Lee, and Jasjit Singh. "Community influence on microfinance loan defaults under crisis conditions: Evidence from Indian demonetization." Strategic Management Journal (October 25, 2023).

Informality, Consumption Taxes, and Redistribution

Bachas, Pierre, Lucie Gadenne, and Anders Jensen. "Informality, Consumption Taxes, and Redistribution." The Review of Economic Studies (21 September 2023): 1-31.

Globalization and Factor Income Taxation

Bachas, Pierre, Matthew Fisher-Post, Anders Jensen, and Gabriel Zucman. "Globalization and Factor Income Taxation." HKS Faculty Research Working Paper Series RWP23-027, August 2023.

Great Dilution: The Global Impact of the US Inflation Shock on Sovereign Debt

Nair, Gautam, and Federico Sturzenegger. "Great Dilution: The Global Impact of the US Inflation Shock on Sovereign Debt." HKS Faculty Research Working Paper Series RWP22-009, July 2022.

Dollar Rivals

Frankel, Jeffrey. "Dollar Rivals." HKS Faculty Research Working Paper Series RWP23-015, June 2023.

Debt Distress on China's Belt and Road

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.

Why is federal spending so hard to cut? — Recurring debt ceiling fights will only be solved by budget reform

Bilmes, Linda J. "Why is federal spending so hard to cut? — Recurring debt ceiling fights will only be solved by budget reform." Brookings FixGov, April 27, 2023.

Exchange Rate Volatility and Monetary Policy

Ilzetzki, Ethan, Carmen Reinhart, and Kenneth Rogoff. "Exchange Rate Volatility and Monetary Policy." Vox EU, April 4, 2023.

China as an International Lender of Last Resort

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.

Public institutions and support for climate funding

Bilmes, Linda, Mauricio Rodas, Geraldine Fraser-Moleketi, Devon Rowe, Aminata Touré, and Lan Xue. "Public institutions and support for climate funding." United Nations ECOSOC, March 16. 2023.

Estimation of Nonlinear Exchange Rate Dynamics in Evolving Regimes

Frankel, Jeffrey A., Yao Hou, and Danxia Xie. "Estimation of Nonlinear Exchange Rate Dynamics in Evolving Regimes." March 2023.

Helping Schools Survive: Experimental Evidence on the Impact of Financial and Educational Support to Private Schools

Andrabi, Tahir, Jishnu Das, Asim I Khwaja, and Selçuk Özyurt. "Helping Schools Survive: Experimental Evidence on the Impact of Financial and Educational Support to Private Schools." RISE Working Paper Series, February 2023.

Crowding in Private Quality: The Equilibrium Effects of Public Spending in Education

Andrabi, Tahir, Natalie Bau, Jishnu Das, Naureen Karachiwalla, and Asim Ijaz Khwaja. "Crowding in Private Quality: The Equilibrium Effects of Public Spending in Education." HKS Faculty Research Working Paper Series RWP23-010, January 2023.

I helped balance the federal budget in the 1990s – here’s just how hard it will be for the GOP to achieve that same rare feat

Bilmes, Linda J. "I helped balance the federal budget in the 1990s – here’s just how hard it will be for the GOP to achieve that same rare feat." The Conversation, February 1, 2023.

The Marginal Disutility from Corruption in Social Programs: Evidence from Program Administrators and Beneficiaries

Gaduh, Arya, Rema Hanna, and Benjamin A. Olken. "The Marginal Disutility from Corruption in Social Programs: Evidence from Program Administrators and Beneficiaries." HKS Faculty Research Working Paper Series RWP23-008, January 2023.

American Indian Self-Determination Through Self-Governance: The Only Policy That Has Ever Worked

Kalt, Joseph P. "American Indian Self-Determination Through Self-Governance: The Only Policy That Has Ever Worked." Testimony before the Alyce Spotted Bear and Walter Soboleff Commission on Native Children, December 15, 2022.

Challenges of effective governance for sustainable development at subnational government levels: introduction to this thematic issue of Public Sector Economics

Aiyar, Yamini, Rolf Alter, and Linda J. Bilmes. "Challenges of effective governance for sustainable development at subnational government levels: introduction to this thematic issue of Public Sector Economics." Public Sector Economics Journal (December 2022): 456-458.

Learning How to Build Back Better through Clean Energy Policy Evaluation

Aldy, Joseph. "Learning How to Build Back Better through Clean Energy Policy Evaluation." HKS Faculty Research Working Paper Series RWP22-010, August 2022.

The Quants in the Room: How Much Power Do Economists Really Have?

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.

Rethinking Exchange Rate Regimes

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.

Why Did (Almost) No One See the Inflation Coming?

Furman, Jason. "Why Did (Almost) No One See the Inflation Coming?" Intereconomics 57 (2022): 79-86.

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.

Infrastructure Finance

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.

Infrastructure and Climate Change

Lee, Henry. "Infrastructure and Climate Change." Infrastructure Economics and Policy. Ed. José Gómez-Ibáñez and Zhi Liu. Lincoln Institute of Land Policy, 2021, 437-460.

Tax Administration versus Tax Rates: Evidence from Corporate Taxation in Indonesia

Basri, M. Chatib, Mayara Felix, Rema Hanna, and Benjamin A. Olken. "Tax Administration versus Tax Rates: Evidence from Corporate Taxation in Indonesia." American Economic Review 111.12 (December 2021): 3827-3871.

What the Federal Reserve Should Do Now: An Elaboration

Furman, Jason. "What the Federal Reserve Should Do Now: An Elaboration." Peterson Institute for International Economics, November 18, 2021.

Decrypting New Age International Capital Flows

Graf von Luckner, Clemens, Carmen M. Reinhart, and Kenneth S. Rogoff. "Decrypting New Age International Capital Flows." NBER Working Paper Series, October 2021.

Rethinking Exchange Rate Regimes

Ilzetzki, Ethan, Carmen M. Reinhart, and Kenneth S. Rogoff. "Rethinking Exchange Rate Regimes." NBER Working Paper Series, October 2021.

The Aftermath of Debt Surges

Kose, M. Ayhan, Franziska L. Ohnsorge, Carmen M. Reinhart, and Kenneth S. Rogoff. "The Aftermath of Debt Surges." NBER Working Paper Series, September 2021.

Measuring Bias in Consumer Lending

Dobbie, Will, Andres Liberman, Daniel Paravisini, and Vikram Pathania. "Measuring Bias in Consumer Lending." The Review of Economic Studies 88.6 (August 2021): 2799-2832.

Systematic Managed Floating

Frankel, Jeffrey. "Systematic Managed Floating." The Asian Monetary Policy Forum. Ed. Steven J. Davis, Edward S. Robinson, Bernard Yeung. World Scientific Publishing, 2021.

Economic Perspectives on Infrastructure Investment

Glaeser, Edward L., and James Poterba. "Economic Perspectives on Infrastructure Investment." Rebuilding the Post-Pandemic Economy. Ed. Melissa S. Kearney and Amy Ganz. Aspen Institute Press, 2021.

The role of childcare challenges in the US jobs market recovery during the COVID-19 pandemic

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.

From Health Crisis to Financial Distress

Reinhart, Carmen. "From Health Crisis to Financial Distress." World Bank Policy Research Working Paper Series, April 2021.

External sovereign debt restructurings: Delay and replay

Graf von Luckner, Clemens, Josefin Meyer, Carmen Reinhart, and Christoph Trebesch. "External sovereign debt restructurings: Delay and replay." VoxEU. March 2021.

Comparison of toll and annuity PPPs: a case study of highway projects in India

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.

The quiet financial crisis

Reinhart, Carmen. "The quiet financial crisis." World Bank Blogs: Let's Talk Development. January 2021.

Creating Public Value: The Core Idea of Strategic Management in Government

Moore, Mark H. "Creating Public Value: The Core Idea of Strategic Management in Government." International Journal of Professional Business Review 6.1 (January 2021): 219.

La depresión de la pandemia: la economía mundial nunca volverá a ser la misma

Reinhart, Carmen, and Vincent Reinhart. "La depresión de la pandemia: la economía mundial nunca volverá a ser la misma." Foreign affairs: Latinoamérica 21.1 (January 2021): 106-114.

Covid-19 and taxes: policies for the post-pandemic recovery

Oliver Harman, Anders Jensen, Farria Naeem, Moussa Saab, Shahrukh Wani, and Nick Wilkinson. "Covid-19 and taxes: policies for the post-pandemic recovery." International Growth Centre Policy Briefs, January 2021.

The Crisis Opportunity: What It Will Take to Build Back a Better Economy

Furman, Jason. "The Crisis Opportunity: What It Will Take to Build Back a Better Economy." Foreign Affairs 100.1 (January/February 2021): 25-35.

Success Factors in Tax Digitalization

Rosengard, Jay K. "Success Factors in Tax Digitalization." United Nations Better Than Cash Alliance, October 2020.

Who is Rescuing America's Parks?

Bilmes, Linda J. "Who is Rescuing America's Parks?" Boston Globe, July 27, 2020.

US Unemployment Insurance in the Pandemic and Beyond

Furman, Jason. "US Unemployment Insurance in the Pandemic and Beyond." Peterson Institute for International Economics, July 2020.

A Perfect Fiscal Storm of Revenue Shortfalls for Cities and Towns

Bilmes, Linda J. "A Perfect Fiscal Storm of Revenue Shortfalls for Cities and Towns." Boston Globe, June 25, 2020.