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The White House lawn on a sunny day.
Feature: Is DOGE Sure It Wants to Fire These People?

Juliette Kayyem examines the negative effects that Elon Musks’s Department of Government Efficiency (DOGE) could have on the safety of everyday Americans.

River running through a densely populated area.
Feature: Private Benefits from Public Investment in Climate Resilience

Joseph Aldy finds that governmental construction of levees, which enhance resilience to flood risks amplified by climate change, increases home values by 3-4 percent.

Person sits on a bed holding a check.
Feature: Assessing Government Outreach to Bolster Benefits Take-Up

Elizabeth Linos finds that light-touch interventions significantly, consistently, and cost-effectively increase benefits take-up among low-income households, while higher-touch proactive outreach yields minimal additional take-up.

Black family happily sits on the grass in a park.
Feature: Excess Mortality Rate in U.S. Black Children Since 1950

Soroush Saghafian finds that 5 million excess deaths of Black Americans, including over 500,000 infants, could have been avoided over the past 70 years if their mortality rates were equal to those of White Americans.

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 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." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-042, August 2015.

First Mover Advantages and Optimal Patent Protection

Scherer, F.M. "First Mover Advantages and Optimal Patent Protection." Journal of Technology Transfer 40.4 (August 2015): 559-580.

Does Reserve Accumulation Crowd Out Investment?

Reinhart, Carmen M., Vincent R. Reinhart, and Takeshi Tashiro. "Does Reserve Accumulation Crowd Out Investment?" ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-038, July 2015.

Journal of International Economics Special Issue - International Seminar on Macroeconomics

Frankel, Jeffrey A., Helene Rey, and Andrew Rose, eds. Journal of International Economics Special Issue - International Seminar on Macroeconomics. Elsevier, 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." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-035, July 2015.

Recent Declines in Labor’s Share in US Income: A Neoclassical
Account

Lawrence, Robert Z. "Recent Declines in Labor’s Share in US Income: A Neoclassical Account." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-034, July 2015.

A Cleaner Energy System: Renewable Energy and Electricity Market Design [In My View]

Hogan, William W. "A Cleaner Energy System: Renewable Energy and Electricity Market Design [In My View]." IEEE Power & Energy Magazine. July 2015.

Time Horizons, Lattice Structures, and Welfare in Multi-Period Matching Markets

Kadam, Sangram V., and Maciej H. Kotowski. "Time Horizons, Lattice Structures, and Welfare in Multi-Period Matching Markets." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-031, June 2015.

Multi-period Matching

Kadam, Sangram V., and Maciej H. Kotowski. "Multi-period Matching." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-030, June 2015.

Sovereign Debt Relief and its Aftermath

Reinhart, Carmen M. and Christoph Trebesch. "Sovereign Debt Relief and its Aftermath." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-028, June 2015.

Policy Surveillance in the G-20
Fossil Fuel Subsidies
Agreement: Lessons for Climate
Policy

Aldy, Joseph E. "Policy Surveillance in the G-20 Fossil Fuel Subsidies Agreement: Lessons for Climate Policy." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-029, June 2015.

Comparing Emission Mitigation Pledges: Metrics and Institutions

Aldy, Joseph E., and William A. Pizer. "Comparing Emission Mitigation Pledges: Metrics and Institutions." Towards a Workable and Effective Climate Regime. Ed. Scott Barrett, Carlo Carraro and Jaime de Melo. Centre for Economic Policy Research, 2015.

From the Science to the Economics and Politics of Climate Change: An Introduction

Stavins, Robert N. "From the Science to the Economics and Politics of Climate Change: An Introduction." Our World and Us: How Our Environment and Our Societies Will Change. Ed. Katinka Barysch. Allianz Group, 2015, 20-36.


Regulating Ambiguous Risks: The Less than Rational Regulation of Pharmaceuticals

Viscusi, W. Kip, and Richard J. Zeckhauser. "Regulating Ambiguous Risks: The Less than Rational Regulation of Pharmaceuticals." Journal of Legal Studies 44.S2 (June 2015): S387-S422.

The Anatomy of Ignorance: Diagnoses from Literature

Devjani, Roy, and Richard Zeckhauser. "The Anatomy of Ignorance: Diagnoses from Literature." Routledge International Handbook of Ignorance Studies. Ed. Matthias Gross and Linsey McGoey. Routledge, 2015, 61-73.

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.

The Euro Crisis: Where to from Here?

Frankel, Jeffrey A. "The Euro Crisis: Where to from Here?" Journal of Policy Modeling 37.3 (May/June 2015): 428-444.

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.

Varieties of Capital Flows: What
Do We Know

Levy Yeyati, Eduardo, and Jimena Zúñiga. "Varieties of Capital Flows: What Do We Know." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-025, May 2015.

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." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-024, May 2015.

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." American Economic Review Papers and Proceedings 105.5 (May 2015): 420-425.

The World Trade Organization at Twenty

Porter, Roger B. "The World Trade Organization at Twenty." The Brown Journal of World Affairs XXI.II (Spring/Summer 2015): 103-115.

The Road to Paris and Beyond: Comparing Emissions Mitigation Efforts

Aldy, Joseph, and William A. Pizer. "The Road to Paris and Beyond: Comparing Emissions Mitigation Efforts." Resources for the Future. May 13, 2015.

The Effect of Providing Peer Information on Retirement Savings Decisions

Beshears, John, James J. Choi, David Laibson, Brigitte C. Madrian, and Katherine L. Milkman. "The Effect of Providing Peer Information on Retirement Savings Decisions." Journal of Finance 70.3 (May 2015): 1161-1201.

Giving College Credit Where It Is Due: Advanced Placement Exam Scores and College Outcomes

Smith, Jonathan, Michael Hurwitz, and Christopher Avery. "Giving College Credit Where It Is Due: Advanced Placement Exam Scores and College Outcomes." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-021, May 2015.

New and Improved Trade Agreements?

Frankel, Jeffrey A. "New and Improved Trade Agreements?" Project Syndicate, May 7, 2015.

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." American Economic Review 105.5 (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).

Asia Games Are Not a Zero-Sum

Frankel, Jeffrey A. "Asia Games Are Not a Zero-Sum." Project Syndicate, April 23, 2015.

Inside the War on Drugs: Effectiveness and Unintended Consequences of a Large Illicit Crops Eradication Program in Colombia

Abadie, Alberto, Maria C. Acevedo, Maurice Kugler, and Juan Vargas. "Inside the War on Drugs: Effectiveness and Unintended Consequences of a Large Illicit Crops Eradication Program in Colombia." April 2015.

Handling and Mishandling Estimative Probability: Likelihood, Confidence, and the Search for Bin Laden

Friedman, Jeffrey A., and Richard Zeckhauser. "Handling and Mishandling Estimative Probability: Likelihood, Confidence, and the Search for Bin Laden." Intelligence and National Security 30.1 (2015): 77-99.

Grappling with Ignorance: Frameworks from Decision Theory, Lessons from Literature

Devjani, Roy, and Richard Zeckhauser. "Grappling with Ignorance: Frameworks from Decision Theory, Lessons from Literature." Journal of Benefit-Cost Analysis 6.1 (Spring 2015): 33-65.

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." ÌÇÐÄvlog¹ÙÍø 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.

Comparative Politics and the Synthetic Control Method

Abadie, Alberto, Alexis Diamond, and Jens Hainmueller. "Comparative Politics and the Synthetic Control Method." American Journal of Political Science 59.2 (April 2015): 495-510.

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.

Upskilling: Do Employers Demand Greater Skill When Workers Are Plentiful?

Modestino, Alicia Sasser, Daniel Shoag, and Joshua Ballance. "Upskilling: Do Employers Demand Greater Skill When Workers Are Plentiful?" ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-013, March 2015.

Uncertainty and the Geography of the Great Recession

Shoag, Daniel, and Stan Veuger. "Uncertainty and the Geography of the Great Recession." ÌÇÐÄvlog¹ÙÍø 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?" ÌÇÐÄvlog¹ÙÍø 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.

Debt Relief and Debtor Outcomes: Measuring the Effects of Consumer Bankruptcy Protection

Dobbie, Will and Jae Song. "Debt Relief and Debtor Outcomes: Measuring the Effects of Consumer Bankruptcy Protection." American Economic Review 105.3 (March 2015): 1272-1311.

Assessment and Communication of the Social Science of Climate Change: Bridging Research and Policy

Carraro, Carlo, Charles Kolstad, and Robert Stavins. "Assessment and Communication of the Social Science of Climate Change: Bridging Research and Policy." Review of Environment, Energy, and Economics (February 25, 2015).

Dealing with Debt

Reinhart, Carmen, Vincent Reinhart, and Kenneth Rogoff. "Dealing with Debt." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-009, February 2015.

Carbon Sequestration in the U.S. National Parks: A Value Beyond Visitation

Banasiak, Adam, Linda J. Bilmes, and John Loomis. "Carbon Sequestration in the U.S. National Parks: A Value Beyond Visitation." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-007, February 2015.

The F.T.C., Oligopoly, and Shared Monopoly

Scherer, F.M. "The F.T.C., Oligopoly, and Shared Monopoly." Review of Industrial Organization (February 2015): 5-23.