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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

Don’t look to efficiency for big deficit reductions

Dynan, Karen, and Doug Elmendorf. "Don’t look to efficiency for big deficit reductions." What awaits the Department of Government Efficiency? ÌÇÐÄvlog¹ÙÍø experts on prospects for a radical new initiative, January 15, 2025.

Fiscal policy and the pandemic-era surge in US inflation: Lessons for the future

Dynan, Karen, and Douglas Elmendorf. "Fiscal policy and the pandemic-era surge in US inflation: Lessons for the future." Understanding the COVID Era Inflation, Peterson Institute for International Economics, December 2024.

GDP as a Measure of Economic Well-Being

Dynan, Karen, and Louise Sheiner. "GDP as a Measure of Economic Well-Being." The Measure of Economies: Measuring Productivity in an Age of Technological Change. Ed. Reinsdorf, Marshall B. and Louise Sheiner. Chicago: The University of Chicago Press, 2024.

High and Rising US Federal Debt: Causes and Implications

Dynan, Karen. "High and Rising US Federal Debt: Causes and Implications." Building a More Resilient US Economy. Ed. Melissa S. Kearney, Justin Schardin, and Luke Pardue. Washington, D.C.: Aspen Economic Strategy Group, 2023.

Advanced economies will experience subdued growth, outlook for emerging markets is varied

Dynan, Karen. "Advanced economies will experience subdued growth, outlook for emerging markets is varied." Peterson Institute for International Economics (September 29, 2023).

PIIE projects global economy poised for soft landing

Dynan, Karen. "PIIE projects global economy poised for soft landing." Peterson Institute for International Economics (September 26, 2023).

Changes in Racial Gaps in Retirement Security over Time

Dynan, Karen, and Douglas Elmendorf. "Changes in Racial Gaps in Retirement Security over Time." Wharton Pension Research Council Working Paper Series, July 2023.

Gender gaps in South Korea’s labour market: children explain most of the gender employment gap, but little of the gender wage gap

Stansbury, Anna, Jacob Funk Kirkegaard, and Karen Dynan. "Gender gaps in South Korea’s labour market: children explain most of the gender employment gap, but little of the gender wage gap." Applied Economics Letters (May 3, 2023).

Why gender disparities persist in South Korea’s labor market

Dynan, Karen E., Jacob F. Kirkegaard, and Anna Stansbury. "Why gender disparities persist in South Korea’s labor market." Peterson Institute for International Economics Working Paper Series, July 2022.

The Risk of Financial Hardship in Retirement: A Cohort Analysis

Dynan, Karen. "The Risk of Financial Hardship in Retirement: A Cohort Analysis." Remaking Retirement: Debt in an Aging Economy. Ed. Olivia Mitchell and Annamaria Lusardi. Oxford University Press, 2020.

Rising student loan burdens and what to do about them

Dynan, Karen. "Rising student loan burdens and what to do about them." Business Economics 55 (June 2020): 129-133.

Helping Homeowners During the Covid-19 Pandemic: Lessons from the Great Recession

Dynan, Karen, Gene Amromin, and Jane Dokko. "Helping Homeowners During the Covid-19 Pandemic: Lessons from the Great Recession." Chicago Fed Letter. June 2020.

National Fiscal Policies to Fight Recessions in US States

Dynan, Karen, and Douglas Elmendorf. "National Fiscal Policies to Fight Recessions in US States." AEA Papers and Proceedings 110 (May 2020): 131-136.

National Fiscal Policies to Fight Recessions in US States

Dynan, Karen, and Douglas Elmendorf. "National Fiscal Policies to Fight Recessions in US States." AEA Papers and Proceedings 110 (May 2020): 131-136.

The Federal Fisc

Dynan, Karen, and Douglas Elmendorf. "The Federal Fisc." Harvard Magazine. May-June 2020.

The Economic Context for Reforming the Safety Net

Dynan, Karen. "The Economic Context for Reforming the Safety Net." The ANNALS of the American Academy of Political and Social Science 686.1 (November 2019): 352-368.

Measuring Household Wealth in the Panel Study of Income Dynamics: The Role of Retirement Assets

Dynan, Karen. "Measuring Household Wealth in the Panel Study of Income Dynamics: The Role of Retirement Assets." Federal Reserve Bank of Boston, September 2019.

The Unheard Nerds: How Economists Can Talk So Policymakers Will Listen

Dynan, Karen. "The Unheard Nerds: How Economists Can Talk So Policymakers Will Listen." Foreign Affairs. November/December 2018.

GDP as a Measure of Economic Well-Being

Dynan, Karen, and Louise Sheiner. "GDP as a Measure of Economic Well-Being." Hutchins Center, Brookings Institution, August 2018.

Household Debt

Dynan, Karen. "Household Debt." Milken Institute Review. April 27, 2018.

Adapting Tax Systems for Population Aging

Dynan, Karen. "Adapting Tax Systems for Population Aging." Business Economics 53.2 (April 2018): 66-71.

Implications for Tax Policy of Lower Trend Productivity Growth

Dynan, Karen. "Implications for Tax Policy of Lower Trend Productivity Growth." Peterson Institute for International Economics, November 2017.

Increasing the Economic Security of Older Women

Brown, Jason and Karen Dynan. "Increasing the Economic Security of Older Women." The 51% - Driving Growth through Women's Economic Participation. Brookings Institution, 2017.

The Federal Reserve's Impact on Main Street, Retirees, and Savings

Dynan, Karen. "The Federal Reserve's Impact on Main Street, Retirees, and Savings." Testimony before the Monetary Policy and Trade Subcommittee of the House Financial Services Committe, June 28, 2017.

Prospects for Changes in U.S. Fiscal Policy and Their Effects on the U.S. Economy

Dynan, Karen. "Prospects for Changes in U.S. Fiscal Policy and Their Effects on the U.S. Economy." US-China Cooperation in a Changing Global Economy. Ed. Adam S. Posen, and Jiming Ha. Peterson Institute for International Economics, 2017, 15-34.