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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

Decrypting new age international capital flows

Graf von Luckner, Clemens, Carmen M. Reinhart, and Kenneth Rogoff. "Decrypting new age international capital flows." Journal of Monetary Economics 138 (September 2023): 104-122.

Debt Distress on China's Belt and Road

Horn, Sebastian, Bradley C. Parks, Carmen M. Reinhart, and Christoph Trebesch. "Debt Distress on China's Belt and Road." AEA Papers and Proceedings 113 (May 2023): 131-34.

The Aftermath of Debt Surges

Kose, M. Ayhan, Franziska L. Ohnsorge, Carmen M. Reinhart, and Kenneth S. Rogoff. "The Aftermath of Debt Surges." Annual Review of Economics 14.1 (August 2022): 637-663.

Hidden Defaults

Horn, Sebastian, Carmen Reinhart, and Christoph Trebesch. "Hidden Defaults." American Economics Papers and Proceedings 112 (May 2022): 531-535.

Shining a Light on Debt

Pazarbasioglu, Ceyla, and Carmen M. Reinhart. "Shining a Light on Debt." Finance & Development 59.001 (March 2022): 10-13.

From Health Crisis to Financial Distress

Reinhart, Carmen M. "From Health Crisis to Financial Distress." IMF Economic Review 70.1 (March 2022): 4-31.

China's overseas lending

Horn, Sebastian, Carmen M. Reinhart, and Christoph Trebesch. "China's overseas lending." Journal of International Economics 133 (November 2021): 1-32.

La depresión de la pandemia: la economía mundial nunca volverá a ser la misma

Reinhart, Carmen, and Vincent Reinhart. "La depresión de la pandemia: la economía mundial nunca volverá a ser la misma." Foreign affairs: Latinoamérica 21.1 (January 2021): 106-114.

How the Economy Will Look After the Coronavirus Pandemic

Stiglitz, Joseph E., Robert J. Shiller, Gita Gopinath, Carmen M. Reinhart, Adam Posen, Eswar Prasad, Adam Tooze, L. D. Tyson, and Kishore Mahbubani. "How the Economy Will Look After the Coronavirus Pandemic." Foreign Policy 15 (April 2020).

How Much Money Does the World Owe China?

Horn, Sebastian, Carmen M. Reinhart, and Christoph Trebesch. "How Much Money Does the World Owe China?" Harvard Business Review 26 (February 2020).

Exchange Rate Arrangements in the 21st Century: Which Anchor Will Hold?

Reinhart, Carmen. "Exchange Rate Arrangements in the 21st Century: Which Anchor Will Hold?" Quarterly Journal of Economics 34.2 (May 2019): 599-646.

Latin America's Challenging External Environment: Old and New Forces

Reinhart, Carmen. "Latin America's Challenging External Environment: Old and New Forces." Latin America Policy Journal 8 (Spring 2019): 9-13.

The Crisis Next Time: What We Should Have Learned from 2008

Reinhart, Carmen, and Vincent Reinhart. "The Crisis Next Time: What We Should Have Learned from 2008." Foreign Affairs 97.6 (November/December 2018): 84-97.

Capital Controls: Myth and Reality

Magud, Nicolas E., Carmen M. Reinhart, and Kenneth S. Rogof. "Capital Controls: Myth and Reality." Annals of Economics and Finance 19.1 (May 2018): 1-47.

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.

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.

The International Monetary Fund: 70 Years of Reinvention

Reinhart, Carmen M., and Christoph Trebesch. "The International Monetary Fund: 70 Years of Reinvention." The Journal of Economic Perspectives 30.1 (January 2016): 3-27.

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." Economiia Journal of Latin American and Caribbean Economic Association 16.1 (Fall 2015): 187-217.

Dealing with Debt

Reinhart, Carmen, and Kenneth Rogoff. "Dealing with Debt." Journal of International Economics 96 (July 2015): S43-S55.

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).

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.

This Time is Different: A Panoramic View of Eight Centuries of Financial Crises

Reinhart, Carmen, and Ken Rogoff. "This Time is Different: A Panoramic View of Eight Centuries of Financial Crises." Annals of Economics and Finance 15.2 (November 2014): 1065-1188.

Capital Inflows, Exchange Rate Flexibility and Credit Booms

Magud, Nicolas E., Carmen M. Reinhart, and Esteban R. Vesperoni. "Capital Inflows, Exchange Rate Flexibility and Credit Booms." Review of Development Economics 18.3 (August 2014): 415-430.

Recovery from Financial Crises: Evidence from 100 Episodes

Reinhart, Carmen M., and Kenneth S. Rogoff. "Recovery from Financial Crises: Evidence from 100 Episodes." American Economic Review 104.5 (May 2014): 50-55.

Addicted to Dollars

Reinhart, Carmen, and Ken Rogoff. "Addicted to Dollars." Annals of Economics and Finance 15.1 (May 2014): 1-52.