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Two older people sit on a bench near a beach on a clear day.
Feature: Changes in Racial Gaps in Retirement Security over Time

Douglas Elmendorf and Karen Dynan find a large wealth disparity between White and Black families nearing retirement age, and notable wealth declines for both groups between 2001 and 2019.

A man wearing a mask talks on a cell phone.
Feature: Recovering from COVID

James Stock finds that COVID-19 recovery was unprecedented in its rapid speed but still introduced or accelerated structural economic changes, including to the labor force.

Person looks at a text message on their cell phone.
Feature: Efficacy of Text Messaging in Activating Hard-to-Reach Voters

Latanya Sweeney finds that text message reminders can effectively boost engagement and registration accuracy among hard-to-reach voters.

A person reads an academic article on a laptop.
Feature: The Global Distribution of Authorship in Economics Journals

Dani Rodrik finds that Western and Northern European authors are overrepresented in economics journals by an order of magnitude compared to authors based in low-income countries.

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

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.

Who is Right on U.S. Financial Reform? Sanders, Clinton, or the Republicans?

Frankel, Jeffrey A. "Who is Right on U.S. Financial Reform? Sanders, Clinton, or the Republicans?" Straits Times, February 24, 2016.

China's Slowdown and the Chinese Stock Market

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

International Coordination

Frankel, Jeffrey A. "International Coordination." vlog Faculty Research Working Paper Series RWP16-002, January 2016.

Liberalism

Frankel, Jeffrey A. "Liberalism." The Age of Reflection, 2 (10). January 2016, 3-6.

Globalization and Chinese Growth: Ends of Trends?

Frankel, Jeffrey A. "Globalization and Chinese Growth: Ends of Trends?" Il Grande Sconvolgimento. Ed. Paolo Onofri. il Mulino, 2016.

A Fair, Efficient and Feasible Climate Agreement

Frankel, Jeffrey A. "A Fair, Efficient and Feasible Climate Agreement." Project Syndicate, December 17, 2015.

International Macroeconomic Policy Coordination

Frankel, Jeffrey A. "International Macroeconomic Policy Coordination." VoxEU, December 9, 2015.

Congress Should Give TPP a Thumbs Up

Frankel, Jeffrey A. "Congress Should Give TPP a Thumbs Up." Boston Globe, November 11, 2015.

Why Support TPP? Critics should read the agreement and keep an open mind

Frankel, Jeffrey A. "Why Support TPP? Critics should read the agreement and keep an open mind." Guardian, 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.

International Finance and Macroeconomics

Frankel, Jeffrey A. "International Finance and Macroeconomics." NBER Reporter OnLine. 2015.

Misinterpreting Chinese Intervention in Financial Markets

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

Now is the Right Time to Reform Oil Pricing

Frankel, Jeffrey A. "Now is the Right Time to Reform Oil Pricing." Guardian, August 10, 2015.

Is Tsipras the New Kim Dae-jung?

Frankel, Jeffrey A. "Is Tsipras the New Kim Dae-jung?" Korea Herald, July 20, 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.

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 Chimera of Currency Manipulation

Frankel, Jeffrey A. "The Chimera of Currency Manipulation." Korea Herald, June 14, 2015.

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.

New and Improved Trade Agreements?

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

Asia Games Are Not a Zero-Sum

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

Congress, China, and Currency Manipulation

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

The End of Republican Obstruction

Frankel, Jeffrey A. "The End of Republican Obstruction." Project Syndicate, January 19, 2015.

The Middle Class Crunch

Frankel, Jeffrey A. "The Middle Class Crunch." Bipartisan Program for New Members of Congress, Institute of Politics, December 3, 2014.

Spillovers to Emerging Markets

Frankel, Jeffrey A. "Spillovers to Emerging Markets." Academic Advisory Panel, Federal Reserve Bank of New York, November 21, 2014.

Nominal GDP Targeting for Middle-Income Countries

Frankel, Jeffrey A. "Nominal GDP Targeting for Middle-Income Countries." Central Bank Review 14.3 (September 2014): 1-14.

Sustainable Cooperation in Global Climate Policy: Specific Formulas and Emission Targets

Frankel, Jeffrey A., and Valentina Bosetti. "Sustainable Cooperation in Global Climate Policy: Specific Formulas and Emission Targets." Climate Change Economics 5.3 (August 2014).

Nominal GDP Targeting for Middle-Income Countries

Frankel, Jeffrey A. "Nominal GDP Targeting for Middle-Income Countries." vlog Faculty Research Working Paper Series RWP14-033, July 2014.

Comments on the Comprehensive Restructuring of the International Economic Accounts

Frankel, Jeffrey A. "Comments on the Comprehensive Restructuring of the International Economic Accounts." BEA Advisory Committee, Bureau of Economic Analysis, U.S. Department of Commerce, May 9, 2014.

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." Recent Developments In Trade And The Environment. Ed. Brian R. Copeland. Edward Elgar, 2014.

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." Journal of International Money and Finance 42 (April 2014): 88-112.

Become an Economist – See the World

Frankel, Jeffrey A. "Become an Economist – See the World." Eminent Economists II: Their Life and Work Philosophies. Ed. Michael Szenberg and Lall Ramrattan. Cambridge University Press, 2014.

An Estimate of the Effect of Common Currencies on Trade and Income

Frankel, Jeffrey A., and Andrew Rose. "An Estimate of the Effect of Common Currencies on Trade and Income." Recent Developments In Exchange Rate Economics. Ed. Mark P. Taylor and Meher Manzur. Edward Elgar, 2013.

A Solution to Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile

Frankel, Jeffrey A. "A Solution to Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile." Fiscal Policy and Macroeconomic Performance: Volume 17. Ed. Luis Felipe Céspedes and Jordi Galí. Banco Central de Chile, 2013.

A Lesson From the South for Fiscal Policy in the US and Other Advanced Countries

Frankel, Jeffrey A. "A Lesson From the South for Fiscal Policy in the US and Other Advanced Countries." Learning from the World: New Ideas to Redevelop America. Ed. Joe Colombano and Aniket Shah. Palgrave Macmillan, 2013, 26-50.

National Security Warrants Slowing Domestic Oil Depletion, Not Accelerating It

Frankel, Jeffrey A. "National Security Warrants Slowing Domestic Oil Depletion, Not Accelerating It." vlog Faculty Research Working Paper Series, August 2013 (first draft).

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 Future of the Currency Union

Frankel, Jeffrey A. "The Future of the Currency Union." vlog Faculty Research Working Paper Series RWP13-015, May 2013.

Over-optimistic Official Forecasts and Fiscal Rules in the Eurozone

Frankel, Jeffrey A., and Jesse Schreger. "Over-optimistic Official Forecasts and Fiscal Rules in the Eurozone." Review of World Economics 149.2 (2013): 247-272.

Will Europe’s Fiscal Compact Work?

Frankel, Jeffrey A. "Will Europe’s Fiscal Compact Work?" Project Syndicate, January 18, 2013.

On Graduation from Fiscal Procyclicality

Frankel, Jeffrey A., Carlos A Vegh, and Guillermo Vuletin. "On Graduation from Fiscal Procyclicality." Journal of Development Economics 100.1 (January 2013): 32–47.

Does Trade Cause Growth?

Frankel, Jeffrey A., and David Romer. "Does Trade Cause Growth?" The Economics Of Free Trade. Ed. Gary C. Hufbauer and Kati Suominen. Edward Elgar, 2012.

Cuban Time Travel

Frankel, Jeffrey A. "Cuban Time Travel." Project Syndicate, November 22, 2012.

Four Magic Tricks for Fiscal Conservatives

Frankel, Jeffrey A. "Four Magic Tricks for Fiscal Conservatives." Project Syndicate, October 22, 2012.

The Natural Resource Curse: A Survey of Diagnoses and Some Prescriptions

Frankel, Jeffrey A. "The Natural Resource Curse: A Survey of Diagnoses and Some Prescriptions." Commodity Price Volatility and Inclusive Growth in Low-Income Countries. Ed. Rabah Arezki, Catherine A Pattillo, Marc Quintyn, and Min Zhu. International Monetary Fund, October 2012.

Internationalization of the RMB and Historical Precedents

Frankel, Jeffrey A. "Internationalization of the RMB and Historical Precedents." Journal of Economic Integration 27.3 (September 2012): 329-365.