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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

Assessing China's Exchange Rate Regime.

Frankel, Jeffrey A., and Shang-Jin Wei. "Assessing China's Exchange Rate Regime." CEPR Discussion Papers and NBER Working Papers (DP 6264 and w13100), May 2007.

South Africa: Macroeconomic Challenges after a Decade of Success.

Frankel, Jeffrey A., Ben Smit, and Federico Sturzenegger. "South Africa: Macroeconomic Challenges after a Decade of Success." KSG Faculty Research Working Paper Series RWP07-021, April 2007.

On the Rand: Determinants of the South African Exchange Rate.

Frankel, Jeffrey A. "On the Rand: Determinants of the South African Exchange Rate." Center for International Development, KSG Faculty Research Working Paper Series, and NBER (CID-139, RWP07-015, and w13050), March 2007.

Responding to Financial Crises.

Frankel, Jeffrey A. "Responding to Financial Crises." KSG Faculty Research Working Paper Series RWP07-010, February 2007.

Formulas for Quantitative Emission Targets.

Frankel, Jeffrey A. "Formulas for Quantitative Emission Targets." KSG Faculty Research Working Paper Series RWP07-011, February 2007.

Trading Blocs and the Americas: The Natural, the Unnatural, and the Super-Natural

Frankel, Jeffrey A., Ernesto Stein, and Shang-jin Wei. "Trading Blocs and the Americas: The Natural, the Unnatural, and the Super-Natural." The WTO and Reciprocal Preferential Trading Agreements. Ed. Caroline Freund. Edward Elgar Publishing, 2007, 455-489.

Formulas for Quantitative Emission Targets.

Frankel, Jeffrey A. "Formulas for Quantitative Emission Targets." Architectures for Agreement: Addressing Global Climate Change in the Post-Kyoto World. Ed. Joseph E. Aldy and Robert N. Stavins. Cambridge University Press, 2007, 31-56.

NBER International Seminar on Macroeconomics 2005

Frankel, Jeffrey A., and Christopher A. Pissarides, eds. NBER International Seminar on Macroeconomics 2005. MIT Press, 2007.

World Trade and Payments: An Introduction

Caves, Richard E., Jeffrey A. Frankel, and Ronald W. Jones. World Trade and Payments: An Introduction, 10th Edition. Addison-Wesley, 2007.

Review of Estimates of the Equilibrium Exchange Rate of the Renminbi: Is There a Consensus and, If Not, Why Not?

Frankel, Jeffrey A. Review of Estimates of the Equilibrium Exchange Rate of the Renminbi: Is There a Consensus and, If Not, Why Not?, by William R. Cline and John Williamson. Conference on China's Exchange Rate Policy: Peterson Institute, Washington, D.C., October 12, 2007.

The Effect of Monetary Policy on Real Commodity Prices.

Frankel, Jeffrey A. "The Effect of Monetary Policy on Real Commodity Prices." NBER Working Paper 12713, December 2006.

What Do Economists Mean by Globalization? Implications for Inflation and Monetary Policy.

Frankel, Jeffrey A. "What Do Economists Mean by Globalization? Implications for Inflation and Monetary Policy." Academic Consultants Meeting, Board of Governors of the Federal Reserve System, Sept 28, 2006.

Macroeconomic Challenges after a Decade for Success.

Frankel, Jeffrey A., Ben Smit, and Federico Sturzenegger. "Macroeconomic Challenges after a Decade for Success." Center for International Development Working Paper Series (CID-133), September 2006.

Could the Twin Deficits Jeopardize U.S. Hegemony?

Frankel, Jeffrey A. "Could the Twin Deficits Jeopardize U.S. Hegemony?" Journal of Policy Modeling 28.6 (September 2006): 653-663.

Global Imbalances and Low Interest Rates: An Equilibrium Model vs. a Disequilibrium Reality.

Frankel, Jeffrey A. "Global Imbalances and Low Interest Rates: An Equilibrium Model vs. a Disequilibrium Reality." KSG Faculty Research Working Paper Series RWP06-035, August 2006.

The Forward Market in Emerging Currencies: Less Biased Than in Major Currencies.

Frankel, Jeffrey A., and Jumana Poonawala. "The Forward Market in Emerging Currencies: Less Biased Than in Major Currencies." NBER Working Paper Series 12496, August 2006.

Global Imbalances and Low Interest Rates: An Equilibrium Model vs. a Disequilibrium Reality.

Frankel, Jeffrey A. "Global Imbalances and Low Interest Rates: An Equilibrium Model vs. a Disequilibrium Reality." Bank for International Settlements Annual Research Conference, Brunnen Switzerland RWP-06-035, June 19-20, 2006.

Twin Deficits and Twin Decades.

Frankel, Jeffrey A. "Twin Deficits and Twin Decades." The Macroeconomics of Fiscal Policy. Ed. Richard Kopcke, Geoffrey M. B. Tootell, and Robert K. Triest. MIT Press, 2006, 321-336.

Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?

Chinn, Menzie, and Jeffrey A. Frankel. "Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?" G7 Current Account Imbalances: Sustainability and Adjustment. Ed. Richard H. Clarida. University of Chicago Press, 2006.

Comment on The Euro's Trade Effects

Frankel, Jeffrey A. Comments on The Euro's Trade Effects, by Richard Baldwin European Central Bank Working Paper Series, ECB Working Paper No. 594 March 2006: 77-91.

Trade and Growth in East Asian Countries: Cause and Effect?

Frankel, Jeffrey A., David H. Romer, and Teresa Cyrus. "Trade and Growth in East Asian Countries: Cause and Effect?" Newly Industrializing Countries After Asian Crisis. Ed. Sir Hans Singer, Neelambar Hatti, and Rameshwar Tandon. Delhi, India: BR Publishing Corp., 2006.

NBER International Seminar on Macroeconomics 2004

Clarida, Richard H., Jeffrey A. Frankel, Francesco Giavazzi, and Kenneth D. West, eds. NBER International Seminar on Macroeconomics 2004. MIT Press, 2006.

On the Yuan: The Choice Between Adjustment Under a Fixed Exchange Rate and Adjustment under a Flexible Rate, in Understanding the Chinese Economy.

Frankel, Jeffrey A. "On the Yuan: The Choice Between Adjustment Under a Fixed Exchange Rate and Adjustment under a Flexible Rate," in Understanding the Chinese Economy." CESifo Economic Studies 52.2 (2006): 246-275.

Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?

Chinn, Menzie, and Jeffrey A. Frankel. "Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?" KSG Faculty Research Working Paper Series RWP05-064 (also NBER WP 11508, August 2005), December 2005.

Contractionary Currency Crashes in Developing Countries.

Frankel, Jeffrey A. "Contractionary Currency Crashes in Developing Countries." IMF Staff Papers 52.2 (2005): 149-192.

On the Renminbi.

Frankel, Jeffrey A. "On the Renminbi." CESifo Forum 6.3 (Autumn 2005): 16-21.

Climate and Trade: Links Between the Kyoto Protocol and WTO.

Frankel, Jeffrey A. "Climate and Trade: Links Between the Kyoto Protocol and WTO." Environment 47.7 (September 2005): 8-19.

Peg the Export Price Index: A Proposed Monetary Regime for Small Countries.

Frankel, Jeffrey A. "Peg the Export Price Index: A Proposed Monetary Regime for Small Countries." Journal of Policy Modeling 27.4 (June 2005): 495-508.

How Real Interest Rates Cast a Shadow over Oil.

Frankel, Jeffrey A. "How Real Interest Rates Cast a Shadow over Oil." Financial Times, April 15, 2005.

On the Renminbi: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate.

Frankel, Jeffrey A. "On the Renminbi: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate." NBER Working Paper 11274, April 2005.

Is Trade Good or Bad for the Environment? Sorting out the Causality.

Frankel, Jeffrey A and Andrew Rose. "Is Trade Good or Bad for the Environment? Sorting out the Causality." Review of Economics and Statistics 87.1 (February 2005): 85-91.

Contractionary Currency Crashes in Developing Countries.

Frankel, Jeffrey A. "Contractionary Currency Crashes in Developing Countries." KSG Faculty Research Working Paper Series RWP05-017 (also NBER WP 11510, August 2005), February 2005.

Slow Passthrough Around the World: A New Import for Developing Countries?

Frankel, Jeffrey A., David C. Parsley, and Shang-Jin Wei. "Slow Passthrough Around the World: A New Import for Developing Countries?" KSG Faculty Research Working Paper Series RWP05-016 (also NBER Working Paper 11199), February 2005.

Managing Macroeconomic Crises: Policy Lessons.

Frankel, Jeffrey A. and Shang-Jin Wei. "Managing Macroeconomic Crises: Policy Lessons." Managing Economic Volatility and Crises: A Practitioner's Guide. Ed. Aizenman, Joshua, and Brian Pinto. Cambridge University Press, 2005, 315-405.

Globalization and the Environment.

Frankel, Jeffrey A. "Globalization and the Environment." Economics of the Environment. Ed. Stavins, Robert N. W.W. Norton, 2005, 361-398.

Globalization and the Environment.

Frankel, Jeffrey A. "Globalization and the Environment." Globalization: What's New? Ed. Michael M. Weinstein. Columbia University Press, 2005, 129-169.

Comment on The Euro, Stabilization Policy and the Stability and Growth Pact OR Can Rubinomics work in the Eurozone?

Frankel, Jeffrey A. Comments on "The Euro, Stabilization Policy and the Stability and Growth Pact OR Can Rubinomics work in the Eurozone?" Ed. Adam S. Posen. The Euro at Five: Ready for a Global Role?, 2005: 157-169.

A Debate on the Budget Deficit.

Frankel, Jeffrey A. "A Debate on the Budget Deficit." Challenge November 2004: 12-45.

The Wrong Approach.

Frankel, Jeffrey A., and Jessica Stern. "The Wrong Approach." Baltimore Sun, October 29, 2004.

Kyoto and Geneva: Linkage of the Climate Change Regime and the Trade Regime.

Frankel, Jeffrey A. "Kyoto and Geneva: Linkage of the Climate Change Regime and the Trade Regime." KSG Faculty Research Working Paper Series RWP04-042, October 2004.

Global Transmission of Interest Rates: Monetary Independence and the Currency Regime.

Schmukler, Sergio, Luis Servén and Jeffrey A. Frankel. "Global Transmission of Interest Rates: Monetary Independence and the Currency Regime." Journal of International Money and Finance 23.5 (September 2004): 701-734.

Does Openness to Trade Make Countries More Vulnerable to Sudden Stops, or Less? Using Gravity to Establish Causality.

Frankel, Jeffrey A., and Eduardo Cavallo. "Does Openness to Trade Make Countries More Vulnerable to Sudden Stops, or Less? Using Gravity to Establish Causality." KSG Faculty Research Working Paper Series RWP04-038, August 2004.

On the Renminbi: The Choice Between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate.

Frankel, Jeffrey A. "On the Renminbi: The Choice Between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate." KSG Faculty Research Working Paper Series RWP04-037, August 2004.

Real Convergence and Euro Adoption in Central and Eastern Europe: Trade and Business Cycle Correlations as Endogenous Criteria for Joining EMU.

Frankel, Jeffrey A. "Real Convergence and Euro Adoption in Central and Eastern Europe: Trade and Business Cycle Correlations as Endogenous Criteria for Joining EMU." KSG Faculty Working Paper Series RWP04-039, August 2004.

It's a Tough Job to Create Jobs: But That Doesn't Stop Bush and Kerry from Saying They Can.

Frankel, Jeffrey A. "It's a Tough Job to Create Jobs: But That Doesn't Stop Bush and Kerry from Saying They Can." Washington Post, April 11, 2004.

Bush's Spectacular Failure.

Frankel, Jeffrey A. "Bush's Spectacular Failure." International Economy Spring 2004: 22-27, 71.

Designing a Regime of Emission Commitments for Developing Countries That Is Cost-Effective and Equitable.

Aldy, Joseph E., and Jeffrey A. Frankel. “Designing a Regime of Emission Commitments for Developing Countries That Is Cost-Effective and Equitable." G20 Leaders and Global Climate Change Report, Council of Foreign Relations, 2004.

Experience of and Lessons from Exchange Rate Regimes in Emerging Economies.

Frankel, Jeffrey A. "Experience of and Lessons from Exchange Rate Regimes in Emerging Economies." Monetary and Financial Integration in Asia: The Way Ahead (Vol. 2). Ed. Asian Development Bank. Palgrave Macmillan, 2004, 91-138.

Bush's Jobless Economic Recovery: Workers Pay Price for Productivity.

Frankel, Jeffrey A. "Bush's Jobless Economic Recovery: Workers Pay Price for Productivity." Forward, December 19, 2003.

The Euro Area and World Interest Rates.

Chinn, Menzie, and Jeffrey A. Frankel. "The Euro Area and World Interest Rates." Santa Cruz Center for International Economics Paper 03-17, November 2003.