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Delivery worker wearing a medical mask and carrying packages.
Feature: The Impact of State Paid Sick Leave Laws on Service Workers

Daniel Schneider finds that state paid sick leave laws increased service workers’ access to paid sick leave and reduced the share of service workers who worked while sick.

A family with a father, mother, and two small children walking on a dirt path.
Feature: Connecting Absolute and Relative Intergenerational Mobility

Deirdre Bloome offers two frameworks for understanding the relationship between types of intergenerational mobility, or whether people are socioeconomically better off than their parents.

Two women in rural India dressed colorfully and carrying baskets on their heads.
Feature: Studying a Government Program to Support Women’s Self-Help Groups

Michael Walton explores the interactions between state and society in rural India within a major community-based development program, finding two major tensions.

A network of computer motherboards and other parts assembled to look like a miniature city.
Feature: The Data-Informed City

Jorrit de Jong presents a comprehensive framework for how cities can use data to address problems more effectively, efficiently, equitably, and with better accountability.

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

A Fairer Approach to Fiscal Reform

Elmendorf, Douglas. "A Fairer Approach to Fiscal Reform." The Washington Post, October 11, 2015.

The Plaza Accord, 30 Years Later

Frankel, Jeffrey A. "The Plaza Accord, 30 Years Later." vlog Faculty Research Working Paper Series RWP15-056, September 2015.

CATalytic Insurance: The Case
of Natural Disasters

Cordella, Tito, and Eduardo Levy Yeyati. "CATalytic Insurance: The Case of Natural Disasters." vlog Faculty Research Working Paper Series RWP15-055, September 2015.

Misinterpreting Chinese Intervention in Financial Markets

Frankel, Jeffrey A. "Misinterpreting Chinese Intervention in Financial Markets." China-US Focus, September 10, 2015.

Dynamic Scoring: Why and How to Include Macroeconomic Effects in Budget Estimates for Legislative Proposals

Elmendorf, Douglas. "Dynamic Scoring: Why and How to Include Macroeconomic Effects in Budget Estimates for Legislative Proposals." Brookings Papers on Economic Activity (September 2015).

Athletes and CEOs: What Do Their Earnings Tell Us about the Income (and Taxation) of the Super Rich?

Lawrence, Robert Z. "Athletes and CEOs: What Do Their Earnings Tell Us about the Income (and Taxation) of the Super Rich?" Peterson Institute for International Economics, August 7, 2015.

A Note on Stability in One-to-One, Multi-Period Matching Markets

Kotowski, Maciej. "A Note on Stability in One-to-One, Multi-Period Matching Markets." vlog Faculty Research Working Paper Series RWP15-042, August 2015.

Does Reserve Accumulation Crowd Out Investment?

Reinhart, Carmen M., Vincent R. Reinhart, and Takeshi Tashiro. "Does Reserve Accumulation Crowd Out Investment?" vlog Faculty Research Working Paper Series RWP15-038, July 2015.

The Antecedents and Aftermath of Financial Crises as Told by Carlos F. Díaz Alejandro

Reinhart, Carmen. "The Antecedents and Aftermath of Financial Crises as Told by Carlos F. Díaz Alejandro." vlog Faculty Research Working Paper Series RWP15-035, July 2015.

Sovereign Debt Relief and its Aftermath

Reinhart, Carmen M. and Christoph Trebesch. "Sovereign Debt Relief and its Aftermath." vlog Faculty Research Working Paper Series RWP15-028, June 2015.

Causes of Eurozone Crises

Frankel, Jeffrey A. "Causes of Eurozone Crises." The Eurozone Crisis: A Consensus View of the Causes and a Few Possible Remedies. Ed. Richard Baldwin and Francesco Giavazzi. Center for Economic Policy Research, 2015, 109-120.

Dealing with Debt

Reinhart, Carmen, and Kenneth Rogoff. "Dealing with Debt." Journal of International Economics 96 (July 2015): S43-S55.

Liquidity in Retirement Savings Systems: An International Comparison

Beshears, John, James J. Choi, Joshua Hurwitz, David Laibson, and Brigitte C. Madrian. "Liquidity in Retirement Savings Systems: An International Comparison." vlog Faculty Research Working Paper Series RWP15-024, May 2015.

Financial Crises, Development, and Growth: A Long-term Perspective

Reinhart, Carmen M, and Vincent R. Reinhart. "Financial Crises, Development, and Growth: A Long-term Perspective." World Bank Economic Review (April 2015).

From Financial Repression to External Distress: The Case of Venezuela

Reinhart, Carmen, and Miguel Angel Santos. "From Financial Repression to External Distress: The Case of Venezuela." vlog Faculty Research Working Paper Series RWP15-018, April 2015.

Congress, China, and Currency Manipulation

Frankel, Jeffrey A. "Congress, China, and Currency Manipulation." China-U.S. Focus. April 9, 2015.

Capital Mobility and Monetary Policy: An Overview

Fuentes, Miguel D., Claudio Raddatz, and Carmen M. Reinhart. "Capital Mobility and Monetary Policy: An Overview." Journal Economía Chilena 18.1 (April 2015): 50-67.

The Liquidation of Government Debt

Reinhart, Carmen M., and M. Belen Sbrancia. "The Liquidation of Government Debt." Economic Policy 30.82 (March 2015): 291-333.

Uncertainty and the Geography of the Great Recession

Shoag, Daniel, and Stan Veuger. "Uncertainty and the Geography of the Great Recession." vlog Faculty Research Working Paper Series RWP15-014, March 2015.

The Euro Crisis: Where to From Here?

Frankel, Jeffrey A. "The Euro Crisis: Where to From Here?" vlog Faculty Research Working Paper Series RWP15-015, March 2015.

China Is Not Yet Number One

Frankel, Jeffrey A. "China Is Not Yet Number One." Frontiers of Economics in China 10.1 (March 2015): 1-6.

Will Fed Tightening Choke Emerging Markets?

Frankel, Jeffrey A. "Will Fed Tightening Choke Emerging Markets?" Project Syndicate, March 23, 2015.

Chinese Currency Manipulation Not a Problem

Frankel, Jeffrey A. "Chinese Currency Manipulation Not a Problem." East Asia Forum, March 9, 2015.

Are Negative Real Interest Rates the 'New Normal'?

Reinhart, Carmen. "Are Negative Real Interest Rates the 'New Normal'?" Nikkei Asian Review, March 5, 2015.

Dealing with Debt

Reinhart, Carmen, Vincent Reinhart, and Kenneth Rogoff. "Dealing with Debt." vlog Faculty Research Working Paper Series RWP15-009, February 2015.

Sovereign-Debt Relief And Its Aftermath: The 1930s, The 1990s, The Future?

Reinhart, Carmen and Christoph Trebesch. "Sovereign-Debt Relief And Its Aftermath: The 1930s, The 1990s, The Future?" Vox, October 21, 2014.

Venezuela's Economic Underperformance

Reinhart, Carmen, and Kenneth Rogoff. "Venezuela's Economic Underperformance." Project Syndicate, October 13, 2014.

The Banking Industry

Scherer, F.M. "The Banking Industry." vlog Faculty Research Working Paper Series RWP14-042, September 2014.

The Investment Returns of Nonprofit Organizations: Part 1, Tales from 990 Forms

Heutel, Garth, and Richard Zeckhauser. "The Investment Returns of Nonprofit Organizations: Part 1, Tales from 990 Forms." Nonprofit Management and Leadership 25.19 (Fall 2014): 41-57.

The Investment Returns of Nonprofit Organizations: Part II, The Value of Focused Attention

Heutel, Garth, and Richard Zeckhauser. "The Investment Returns of Nonprofit Organizations: Part II, The Value of Focused Attention." Nonprofit Management and Leadership 25.19 (Fall 2014): 59-75.

Capital Inflows, Exchange Rate Flexibility and Credit Booms

Magud, Nicolas E., Carmen M. Reinhart, and Esteban R. Vesperoni. "Capital Inflows, Exchange Rate Flexibility and Credit Booms." Review of Development Economics 18.3 (August 2014): 415-430.

Recovery from Financial Crises: Evidence from 100 Episodes

Reinhart, Carmen M., and Kenneth S. Rogoff. "Recovery from Financial Crises: Evidence from 100 Episodes." American Economic Review 104.5 (May 2014): 50-55.

Addicted to Dollars

Reinhart, Carmen, and Ken Rogoff. "Addicted to Dollars." Annals of Economics and Finance 15.1 (May 2014): 1-52.

What Does It Mean to be a Risk-based Regulator?

Sparrow, Malcolm K. "What Does It Mean to be a Risk-based Regulator?" Beyond Finance - Financial Supervision in the 21st Century. Dutch National Bank Occasional Series, March 2014, 9-14.

Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten

Reinhart, Carmen, and Kenneth Rogoff. "Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten." Financial Crises: Causes, Consequences, and Policy Responses. Ed. Stijn Claessens, M. Ayhan Kose, Luc Laeven, and Fabian Valencia. International Monetary Fund, 2014.

Reforming the Budget: Four Steps to Restore Fiscal Discipline

Bilmes, Linda J. "Reforming the Budget: Four Steps to Restore Fiscal Discipline." Brookings, February 5, 2014.

Signaling with Audits: Mimicry, Wasteful Expenditures, and Non-Compliance in a Model of Tax Enforcement

Kotowski, Maciej, David Weisbach, and Richard Zeckhauser. "Signaling with Audits: Mimicry, Wasteful Expenditures, and Non-Compliance in a Model of Tax Enforcement." vlog Faculty Research Working Paper Series RWP14-001, January 2014.

Crowding Out Redefined: The Role of Reserve Accumulation

Reinhart, Carmen, and Takeshi Tashiro. "Crowding Out Redefined: The Role of Reserve Accumulation." Prospects for Asia and the Global Economy. Ed. Reuven Glick, and Mark M. Spiegel. Federal Reserve Bank of San Francisco, 2014, 1-43.

Investment In The Wake of Crises: Asia 15 Years Later

Reinhart, Carmen and Takeshi Tashiro. "Investment In The Wake of Crises: Asia 15 Years Later." Vox, December 17, 2013.

Of Debt, Growth, Interest Rates & History

Reinhart, Carmen. "Of Debt, Growth, Interest Rates & History." Bloomberg Business, November 5, 2013.

Do the Laws of Tax Incidence Hold? Point of Collection and the Pass-through of State Diesel Taxes

Kopczuk, Wojciech, Justin Marion, Erich Muehlegger, and Joel Slemrod. "Do the Laws of Tax Incidence Hold? Point of Collection and the Pass-through of State Diesel Taxes." vlog Faculty Research Working Paper Series RWP13-027, September 2013.

Effects of Speculation and Interest Rates
in a “Carry Trade” Model of Commodity Prices

Frankel, Jeffrey A. "Effects of Speculation and Interest Rates in a “Carry Trade” Model of Commodity Prices." vlog Faculty Research Working Paper Series RWP13-022, January 24, 2014 (Revised from June 2013; and November 2013).

The Fiscal and Economic Effects of Austerity

Summers, Lawrence H. "The Fiscal and Economic Effects of Austerity." Testimony to the U.S. Senate Budget Committee, June 4, 2013.

Austerity Would Hurt U.S. Jobs and Growth

Summers, Lawrence H. "Austerity Would Hurt U.S. Jobs and Growth." Washington Post, June 2, 2013.

Foreword

Sparrow, Malcolm K. "Foreword." Financial Supervision in the 21st Century. Ed. A. Joanne Kellermann, Jakob de Haan, and Femke de Vries. Springer-Verlag, 2013, v-viii.

Debt, Growth and the Austerity Debate

Reinhart, Carmen, and Kenneth S. Rogoff. "Debt, Growth and the Austerity Debate." New York Times, April 25, 2013.

The End of the Line

Summers, Lawrence H. "The End of the Line." Review of Austerity: The History of a Dangerous Idea, by Mark Blyth. Financial Times, April 12, 2013.

Europe's Hair-Trigger Economy

Summers, Lawrence H. "Europe's Hair-Trigger Economy." Reuters, March 18, 2013.

Active vs. Passive Decisions and
Crowd-out in Retirement
Savings Accounts: Evidence
from Denmark

Chetty, Raj, John N. Friedman, Soren Leth-Peterson, Torben Heien Nielsen, and Tore Olsen. "Active vs. Passive Decisions and Crowd-out in Retirement Savings Accounts: Evidence from Denmark." vlog Faculty Research Working Paper Series RWP13-002, January 2013.

America has Multiple Deficits

Summers, Lawrence H. "America has Multiple Deficits." Reuters, January 22, 2013.