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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 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).

Liquidity Risk in Sequential Trading Networks

Kariv, Shachar, Maciej Kotowski, and C. Matthew Leister. "Liquidity Risk in Sequential Trading Networks." vlog Faculty Research Working Paper Series RWP16-039, October 2016.

Federal Budget Policy with an Aging Population and Persistently Low Interest Rates

Elmendorf, Douglas W., and Louise Sheiner. "Federal Budget Policy with an Aging Population and Persistently Low Interest Rates." Hutchins Center Working Papers (October 2016).

The Perils of Debt Complacency

Reinhart, Carmen. "The Perils of Debt Complacency." Project Syndicate, 28 , September 2016.

Can Online Delivery Increase Access to Education?

Goodman, Joshua, Melkers, Julia, and Pallais, Amanda. "Can Online Delivery Increase Access to Education?" vlog Faculty Research Working Paper Series RWP16-035, September 2016.

Long-Range Growth: Economic Development in the Global Network of Air Links

Campante, Filipe R., and David Yanagizawa-Drott. "Long-Range Growth: Economic Development in the Global Network of Air Links." vlog Faculty Research Working Paper Series RWP16-034, September 2016.

Efficient Warnings, Not “Wolf or Puppy” Warnings

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.

Teaching the American Presidency

Porter, Roger B. "Teaching the American Presidency." PEP Report: The Presidency and Executive Politics Section of the American Political Science Association, Fall 2016.

Economic Tools to Promote Transparency and Comparability in the Paris Agreement

Aldy, Joseph, William Pizer, Massimo Tavoni, Lara Aleluia Reis, Keigo Akimoto, Geoffrey Blanford, Carlo Carraro, Leon E. Clarke, James Edmonds, Gokul C. Iyer, Haewon C. McJeon, Richard Richels, Steven Rose, Fuminori Sano. "Economic Tools to Promote Transparency and Comparability in the Paris Agreement." vlog Faculty Research Working Paper Series, August 2016.

Loss Sequencing in Banking Networks: Threatened Banks as Strategic Dominoes

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.

Confronting Deep and Persistent Climate Uncertainty

Wagner, Gernot, and Richard J. Zeckhauser. "Confronting Deep and Persistent Climate Uncertainty." vlog Faculty Research Working Paper Series RWP16-025, August 2016.

Econometric General Equilibrium Modeling

Jorgenson, Dale W. "Econometric General Equilibrium Modeling." Journal of Policy Modeling 38.3 (May 2016): 436-447.

Secular Stagnation and Monetary Policy

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

Globalization and Chinese Growth: Ends of Trends?

Frankel, Jeffrey A. "Globalization and Chinese Growth: Ends of Trends?" vlog Faculty Research Working Paper Series RWP16-029, July 2016.

The Outlook for Emerging Economies

Jorgensen, Dale W., and Khuong M. Vu. "The Outlook for Emerging Economies." Journal of Policy Modeling 38.4 (July 2016): 670-682.

Attention to Distribution in U.S. Regulatory Analyses

Robinson, Lisa A., James K. Hammitt, and Richard J. Zeckhauser. "Attention to Distribution in U.S. Regulatory Analyses." Review of Environmental Economics and Policy 10.2 (July 2016): 308-328.

Total Economic Valuation of the National Park Service Lands and Programs: Results of a Survey of the American Public

Haefele, Michelle, John Loomis, and Linda J. Bilmes. "Total Economic Valuation of the National Park Service Lands and Programs: Results of a Survey of the American Public." vlog Faculty Research Working Paper Series RWP16-024, June 2016.

Virtual Bidding and Electricity Market Design

Hogan, William W. "Virtual Bidding and Electricity Market Design." The Electricity Journal 29.5 (June 2016): 33-47.

The Causes of Peer Effects in Production: Evidence from a Series of Field Experiments

Horton, John J., and Richard J. Zeckhauser. "The Causes of Peer Effects in Production: Evidence from a Series of Field Experiments." vlog Faculty Research Working Paper Series RWP16-027, June 2016.

Classifying Exchange Rate Regimes:
15 Years Later

Levy Yeyati, Eduardo, and Federico Sturzenegger. "Classifying Exchange Rate Regimes: 15 Years Later." vlog Faculty Research Working Paper Series RWP16-028, June 2016.

Vaccination Rates are Associated With Functional Proximity But Not Base Proximity of Vaccination Clinics

Beshears, John, James J. Choi, David I. Laibson, Brigitte C. Madrian, and Gwendolyn I. Reynolds. "Vaccination Rates are Associated With Functional Proximity But Not Base Proximity of Vaccination Clinics." Medical Care 54.6 (June 2016): 578.

The Causal Effect of Place: Evidence from Japanese-American Internment

Shoag, Daniel, and Nicholas Carollo. "The Causal Effect of Place: Evidence from Japanese-American Internment." vlog Faculty Research Working Paper Series RWP16-022, June 2016.

Does Aggregated Returns Disclosure Increase Portfolio Risk Taking?

Beshears, John, James J. Choi, David Laibson, and Brigitte C. Madrian. "Does Aggregated Returns Disclosure Increase Portfolio Risk Taking?" Review of Financial Studies (2016).

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.

Bias in Official Fiscal Forecasts: Can Private Forecasts Help?

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.

Mobilizing Political Action on Behalf of Future Generations

Aldy, Joseph. "Mobilizing Political Action on Behalf of Future Generations." The Future of Children 26.1 (Spring 2016): 157-178.

The ICT Revolution, World Economic Growth, and Policy Issues

Jorgenson, Dale W., and Khuong M. Vu. "The ICT Revolution, World Economic Growth, and Policy Issues." Telecommunications Policy 40.5 (May 2016): 383-397.

The Impact of Information Technology on Postwar U.S. Economic Growth

Jorgenson, Dale W., Mun S. Ho, and Jon D. Samuels. "The Impact of Information Technology on Postwar U.S. Economic Growth." Telecommunications Policy 40.5 (May 2016): 398-411.

Size of RJVs and Degree of Cooperation in Product Development

Dogan, Pinar, Marc Bourreau, and Matthieu Manant. "Size of RJVs and Degree of Cooperation in Product Development." International Journal of Industrial Organization 46 (May 2016): 77-106.

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.

Does Reserve Accumulation Crowd out Investment?

Reinhart, Carmen M., Vincent Reinhart, and Takeshi Tashiro. "Does Reserve Accumulation Crowd out Investment?" Journal of International Money and Finance 63 (May 2016): 89-111.

Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815–2015

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.

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.

Collective Action in an Asymmetric World

Chen, Cuicui, and Richard Zeckhauser. "Collective Action in an Asymmetric World." vlog Faculty Research Working Paper Series RWP16-019, April 2016.

Co-Optimization of Power and Reserves in Dynamic T&D Power Markets with Nondispatchable Renewable Generation and Distributed Energy Resources

Caramanis, Michael, Elli Ntakou, William W. Hogan, Aranya Chakrabortty, and Jens Schoene. "Co-Optimization of Power and Reserves in Dynamic T&D Power Markets with Nondispatchable Renewable Generation and Distributed Energy Resources." Proceedings of the IEEE 104.4 (April 2016): 807-836.

Downskilling: Changes in Employer Skill Requirements Over the Business Cycle

Modestino, Alicia Sasser, Daniel Shoag, and Joshua Ballance. "Downskilling: Changes in Employer Skill Requirements Over the Business Cycle." vlog Faculty Research Working Paper Series RWP16-014, March 2016.

Academics vs. Athletics: Career Concerns for NCAA Division I Coaches

Avery, Christopher, Brian Cadman, and Gavin Cassar. "Academics vs. Athletics: Career Concerns for NCAA Division I Coaches." vlog Faculty Research Working Paper Series RWP16-013, March 2016.

No Woman No Crime: Ban the Box, Employment, and Upskilling.

Shoag, Daniel, and Stan Veuger. "No Woman No Crime: Ban the Box, Employment, and Upskilling." vlog Faculty Research Working Paper Series RWP16-015, March 2016.

Reckoning With Inequality

Frankel, Jeffrey A. "Reckoning With Inequality." Korea Herald, March 27, 2016.

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.

What Works: Gender Equality by Design

Bohnet, Iris. What Works: Gender Equality by Design. Harvard University Press, 2016.

Does It Matter If Statistical Agencies Frame the Month’s CPI Report on a 1-Month or 12-Month Basis?

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.

The Age of Secular Stagnation

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

'No More Credit Score':
Employer Credit Check Bans and Signal
Substitution

Shoag, Daniel. "'No More Credit Score': Employer Credit Check Bans and Signal Substitution." vlog Faculty Research Working Paper Series RWP16-008, February 2016.

Owning, Using and Renting: Some Simple Economics of the 'Sharing Economy'

Horton, John J., and Richard J. Zeckhauser. "Owning, Using and Renting: Some Simple Economics of the 'Sharing Economy'." vlog Faculty Research Working Paper Series RWP16-007, February 2016.

Tax Farming Redux: Experimental Evidence on Performance Pay for Tax Collectors

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).

Sovereign Debt Relief and Its Aftermath

Reinhart, Carmen M., and Christoph Trebesch. "Sovereign Debt Relief and Its Aftermath." Journal of the European Economic Association 14.1 (February 2016): 215-251.

From Financial Repression to External Distress: The Case of Venezuela

Reinhart, Carmen M., Miguel Angel Santos. "From Financial Repression to External Distress: The Case of Venezuela." Emerging Markets Finance and Trade 52.2 (February 2016): 255-284.

China's Slowdown and the Chinese Stock Market

Frankel, Jeffrey A. "China's Slowdown and the Chinese Stock Market." VoxEU, January 27, 2016.