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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

New Estimation of China's Exchange Rate Regime

Frankel, Jeffrey A. "New Estimation of China's Exchange Rate Regime." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP08-077, December 2008.

The Estimated Effects of the Euro on Trade: Why Are They Below Historical Effects of Monetary Unions Among Smaller Countries?

Frankel, Jeffrey A. "The Estimated Effects of the Euro on Trade: Why Are They Below Historical Effects of Monetary Unions Among Smaller Countries?" ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper series RWP08-076, December 2008.

The Effect of Monetary Policy on Real Commodity Prices.

Frankel, Jeffrey A. ""The Effect of Monetary Policy on Real Commodity Prices."." Asset Prices and Monetary Policy. Ed. John Y. Campbell. University of Chicago Press, 2008.

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

Cavallo, Eduardo, and Jeffrey A. Frankel. "Does Openness to Trade Make Countries More Vulnerable to Sudden Stops, or Less? Using Gravity to Establish Causality." Journal of International Money and Finance 27.8 (December 2008): 1430-1452.

Should Eastern European Countries Join the Euro? A Review and Update of Trade Estimates and Consideration of Endogenous OCA Criteria

Frankel, Jeffrey A. "Should Eastern European Countries Join the Euro? A Review and Update of Trade Estimates and Consideration of Endogenous OCA Criteria." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP08-059, October 2008.

Global Environmental Policy and Global Trade Policy

Frankel, Jeffrey A. "Global Environmental Policy and Global Trade Policy." Harvard Project on International Climate Agreements Discussion Paper and ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series (08-14 and RWP08-058), October 2008.

Snake-Oil Tax Cuts

Frankel, Jeffrey A. "Snake-Oil Tax Cuts." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP08-056, October 2008.

An Elaborated Proposal for Global Climate Policy Architecture: Specific Formulas and Emission Targets for All Countries in All Decades

Frankel, Jeffrey A. "An Elaborated Proposal for Global Climate Policy Architecture: Specific Formulas and Emission Targets for All Countries in All Decades." Harvard Project on International Climate Agreements Discussion Paper 08-08, October 2008.

Estimation of De Facto Exchange Rate Regimes: Synthesis of the Techniques for Inferring Flexibility and Basket Weights

Frankel, Jeffrey A., and Shang-Jin Wei. "Estimation of De Facto Exchange Rate Regimes: Synthesis of the Techniques for Inferring Flexibility and Basket Weights." IMF Staff Papers 55.3 (September 2008): 384-416.

Fiscal and Monetary Policy in a Commodity-Based Economy

Frankel, Jeffrey, Ben Smit, and Federico Sturzenegger. "Fiscal and Monetary Policy in a Commodity-Based Economy." Economics of Transition 16.4 (September 2008): 679-713.

Options for Addressing the Leakage/Competitiveness Issue In Climate Change Policy Proposals

Frankel, Jeffrey A. "Options for Addressing the Leakage/Competitiveness Issue In Climate Change Policy Proposals." Paper for Conference on Climate Change, Trade and Investment: Is a Collusion Inevitable? Brookings Institution, Washington, D, June 9 2008.

Estimation of De Facto Exchange Rate Regimes: Synthesis of The Techniques for Inferring Flexibility and Basket Weights

Frankel, Jeffrey A., and Shang-Jin Wei. "Estimation of De Facto Exchange Rate Regimes: Synthesis of The Techniques for Inferring Flexibility and Basket Weights." Center for International Development, ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series and NBER Working Papers (157, RWP08-026 and 14016), May 2008.

Why the Euro Will Rival the Dollar: Commentary

Chinn, Menzie, and Jeffrey A. Frankel. "Why the Euro Will Rival the Dollar: Commentary." International Finance 11.1 (Spring 2008): 49-73.

Why the Euro Will Rival the Dollar: Commentary

Chinn, Menzie, and Jeffrey A. Frankel. "Why the Euro Will Rival the Dollar: Commentary." Panoeconomicus 55.3 (2008): 255-278.

Real Rates Key to Commodities Prices.

Frankel, Jeffrey A. "Real Rates Key to Commodities Prices." Reuters.com, March 19, 2008.

The Euro May over the Next 15 Years Surpass the Dollar as Leading International Currency

Chinn, Menzie, and Jeffrey A. Frankel. "The Euro May over the Next 15 Years Surpass the Dollar as Leading International Currency." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series and NBER Working Paper Series (RWP08-016 and 13909), March 2008.

Carried Away: Everything You Always Wanted to Know About the Carry Trade...

Frankel, Jeffrey A. "Carried Away: Everything You Always Wanted to Know About the Carry Trade..." Milken Institute Review (January 2008).

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

Frankel, Jeffrey A. "On the Rand: Determinants of the South African Exchange Rate." South African Journal of Economics 75.3 (September 2007): 425-441.

Nine Reasons We Are Given Not to Worry About the U.S. Deficits.

Frankel, Jeffrey A. “Nine Reasons We Are Given Not to Worry About the U.S. Deficits." Workshop on Global Trends and Challenges, Yale University Commission on Growth and Development, September 2007.

Assessing China's Exchange Rate Regime.

Frankel, Jeffrey A., and Shang-Jin Wei. "Assessing China's Exchange Rate Regime." Economic Policy 51 (July 2007): 575-614, 622-627.

Responding to Crises.

Frankel, Jeffrey A. "Responding to Crises." CATO Journal 27.2 (Spring/Summer 2007): 165-178.

Next Steps after the Kyoto Protocol: Formulas for Quantitative Emission Targets.

Frankel, Jeffrey A. "Next Steps after the Kyoto Protocol: Formulas for Quantitative Emission Targets." VoxEU.org (June 25, 2007).

Introduction

Frankel, Jeffrey A. and Christopher A. Pissarides. "Introduction." NBER International Seminar on Macroeconomics 2005. Ed. Jeffrey A. Frankel and Christopher A. Pissarides. The MIT Press, May 2007, 1-7.

NBER International Seminar on Macroeconomics 2005

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

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

Chinn, Menzie, and Jeffrey Frankel. "Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?" G7 Current Account Imbalances: Sustainability and Adjustment. Ed. Richard H. Clarida. The University of Chicago Press, May 2007, 283-322.

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.