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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

Globalization and Factor Income Taxation

Bachas, Pierre, Matthew Fisher-Post, Anders Jensen, and Gabriel Zucman. "Globalization and Factor Income Taxation." vlog Faculty Research Working Paper Series RWP23-027, August 2023.

Great Dilution: The Global Impact of the US Inflation Shock on Sovereign Debt

Nair, Gautam, and Federico Sturzenegger. "Great Dilution: The Global Impact of the US Inflation Shock on Sovereign Debt." vlog Faculty Research Working Paper Series RWP22-009, July 2022.

Dollar Rivals

Frankel, Jeffrey. "Dollar Rivals." vlog Faculty Research Working Paper Series RWP23-015, June 2023.

Crowding in Private Quality: The Equilibrium Effects of Public Spending in Education

Andrabi, Tahir, Natalie Bau, Jishnu Das, Naureen Karachiwalla, and Asim Ijaz Khwaja. "Crowding in Private Quality: The Equilibrium Effects of Public Spending in Education." vlog Faculty Research Working Paper Series RWP23-010, January 2023.

The Marginal Disutility from Corruption in Social Programs: Evidence from Program Administrators and Beneficiaries

Gaduh, Arya, Rema Hanna, and Benjamin A. Olken. "The Marginal Disutility from Corruption in Social Programs: Evidence from Program Administrators and Beneficiaries." vlog Faculty Research Working Paper Series RWP23-008, January 2023.

Learning How to Build Back Better through Clean Energy Policy Evaluation

Aldy, Joseph. "Learning How to Build Back Better through Clean Energy Policy Evaluation." vlog Faculty Research Working Paper Series RWP22-010, August 2022.

The $64 Billion Massachusetts Vehicle Economy

Olson, Stevie, Phil Berkaw, Lucien Charland, Elizabeth Patton, and Linda J. Bilmes. "The $64 Billion Massachusetts Vehicle Economy." vlog Faculty Research Working Paper Series RWP19-038, December 2019.

Health Care Spending Projections and Policy Changes: Recognizing the Limits of Existing Forecasts

Shoag, Daniel. "Health Care Spending Projections and Policy Changes: Recognizing the Limits of Existing Forecasts." vlog Faculty Research Working Paper Series RWP19-022, June 2019.

Efficient Division When Preferences are Private: Using the Expected Externality Mechanism

Aperjis, Christina, Maciej Kotowski, and Richard Zeckhauser. "Efficient Division When Preferences are Private: Using the Expected Externality Mechanism." vlog Faculty Research Working Paper Series RWP19-014, April 2019.

Sovereign Bonds since Waterloo

Meyer, Josefin, Carmen M. Reinhart, and Christoph Trebesch. "Sovereign Bonds since Waterloo." vlog Faculty Research Working Paper Series RWP19-009, February 2019.

Should the Fed Be Constrained?

Frankel, Jeffrey A. "Should the Fed Be Constrained?" vlog Faculty Research Working Paper Series RWP19-003, December 2018.

Stock Price Rewards to Climate Saints and Sinners: Evidence from the Trump Election

Ramelli, Stefano, Alexander F. Wagner, Richard J. Zeckhauser, and Alexandre Ziegler. "Stock Price Rewards to Climate Saints and Sinners: Evidence from the Trump Election." vlog Faculty Research Working Paper Series RWP18-037, September 2018.

Key Issues Facing California's GHG Cap-and-Trade System for 2021-2030

Schatzki, Todd, and Robert N. Stavins. "Key Issues Facing California's GHG Cap-and-Trade System for 2021-2030." vlog Faculty Research Working Paper Series RWP18-025, July 2018.

The Globalized Myth of Ownership and Its Implications for Tax Competition

Risse, Mathias, and Marco Meyer. "The Globalized Myth of Ownership and Its Implications for Tax Competition." vlog Faculty Research Working Paper Series RWP18-018, June 2018.

Opening Adaptation Windows onto Public Financial Management Reform Gaps in Mozambique

Andrews, Matthew, Tim McNaught, and Salimah Samji. "Opening Adaptation Windows onto Public Financial Management Reform Gaps in Mozambique." vlog Faculty Research Working Paper Series RWP18-017, May 2018.

Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy

Aldy, Joseph, Todd Gerarden, and Richard Sweeney. "Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy." vlog Faculty Research Working Paper Series RWP18-012, March 2018.

Excess Prices for Drugs in Medicare: Diagnosis and Prescription

Frank, Richard G., and Richard J. Zeckhauser. "Excess Prices for Drugs in Medicare: Diagnosis and Prescription." vlog Faculty Research Working Paper Series RWP18-005, January 2018.

African Regional Economic Integration: The Emergence, Evolution, and Impact of Institutional Innovation

Juma, Calestous, and Francis Mangeni. "African Regional Economic Integration: The Emergence, Evolution, and Impact of Institutional Innovation." vlog Faculty Research Working Paper Series RWP18-003, January 2018.

The Efficiency Consequences of Heterogeneous Behavioral Responses to Energy Fiscal Policies

Houde, Sebastien, and Joseph E. Aldy. "The Efficiency Consequences of Heterogeneous Behavioral Responses to Energy Fiscal Policies." vlog Faculty Research Working Paper Series RWP17-047, December 2017.

Rules versus Home Rule: Local Government Responses to Negative Revenue Shocks

Shoag, Daniel, Cody Tuttle, and Stan Veuger. "Rules versus Home Rule: Local Government Responses to Negative Revenue Shocks." vlog Faculty Research Working Paper Series RWP17-037, August 2017.

Connecting the Northeast: A Cost Estimate for the North South Rail Link

White, Laura, Jean-Louis Rochet, Pete Mathias, Kate O’Gorman, and Linda J. Bilmes. "Connecting the Northeast: A Cost Estimate for the North South Rail Link." vlog Faculty Research Working Paper Series RWP17-032, August 2017.

Making Moves Matter: Experimental Evidence on Incentivizing Bureaucrats through Performance-Based Transfers

Adnan Q. Khan, Asim Ijaz Khwaja, and Benjamin A. Olken. "Making Moves Matter: Experimental Evidence on Incentivizing Bureaucrats through Performance-Based Transfers." vlog Faculty Research Working Paper Series RWP17-006, November 2016.

Enrollee Choices After Their Health Plans Are Terminated: Default Effects Versus Persistent Preferences

Sinaiko, Anna, and Richard Zeckhauser. "Enrollee Choices After Their Health Plans Are Terminated: Default Effects Versus Persistent Preferences." vlog Faculty Research Working Paper Series RWP16-055, December 2016.

Risky Choices: Simulating Public Pension Funding Stress with Realistic Shocks

Shoag, Daniel, James Farrell. "Risky Choices: Simulating Public Pension Funding Stress with Realistic Shocks." vlog Faculty Research Working Paper Series RWP16-053, September 2016.

Efficient Warnings, Not “Wolf or Puppy” Warnings

Robinson, Lisa A., W. Kip Viscusi, and Richard Zeckhauser. "Efficient Warnings, Not “Wolf or Puppy” Warnings." vlog Faculty Research Working Paper Series RWP16-033, September 2016: Revised November 2016.

Loss Sequencing in Banking Networks: Threatened Banks as Strategic Dominoes

Tran, Ngoc-Khanh, Thao Vuong, and Richard Zeckhauser. "Loss Sequencing in Banking Networks: Threatened Banks as Strategic Dominoes." vlog Faculty Research Working Paper Series RWP16-030, August 2016.

Globalization and Chinese Growth: Ends of Trends?

Frankel, Jeffrey A. "Globalization and Chinese Growth: Ends of Trends?" vlog Faculty Research Working Paper Series RWP16-029, July 2016.

Classifying Exchange Rate Regimes:
15 Years Later

Levy Yeyati, Eduardo, and Federico Sturzenegger. "Classifying Exchange Rate Regimes: 15 Years Later." vlog Faculty Research Working Paper Series RWP16-028, June 2016.

Bias in Official Fiscal Forecasts: Can Private Forecasts Help?

Frankel, Jeffrey A., and Jesse Schreger. "Bias in Official Fiscal Forecasts: Can Private Forecasts Help?" vlog Faculty Research Working Paper Series RWP16-021, May 2016.

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.

Off Pitch: Football’s Financial Integrity
Weaknesses, and How to Strengthen Them

Andrews, Matthew, and Peter Harrington. "Off Pitch: Football’s Financial Integrity Weaknesses, and How to Strengthen Them." vlog Faculty Research Working Paper Series and CID Working Paper RWP16-009, March 2016.

International Coordination

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

The International Monetary Fund: 70 Years of Reinvention

Reinhart, Carmen, and Christoph Trebesch. "The International Monetary Fund: 70 Years of Reinvention." vlog Faculty Research Working Paper Series RWP15-077, December 2015.

Urban Networks: Connecting
Markets, People, and Ideas

Glaeser, Edward L., Giacomo A. M. Ponzetto, and Yimei Zou. "Urban Networks: Connecting Markets, People, and Ideas." vlog Faculty Research Working Paper Series RWP15-078, December 2015.

Green Bonds and Land Conservation: The Evolution of a New Financing Tool

duPont, Carolyn M., James N. Levitt, and Linda J. Bilmes. "Green Bonds and Land Conservation: The Evolution of a New Financing Tool." vlog Faculty Research Working Paper Series RWP15-072, December 2015.

Inflation and Activity – Two Explorations and their Monetary Policy Implications

Blanchard, Oliver, Eugenio Cerutti, and Lawrence H. Summers. "Inflation and Activity – Two Explorations and their Monetary Policy Implications." vlog Faculty Research Working Paper Series RWP15-070, November 2015.

The Pitfalls of External Dependence: Greece, 1829-2015

Reinhart, Carmen M., and Christoph Trebesch. "The Pitfalls of External Dependence: Greece, 1829-2015." vlog Faculty Research Working Paper Series RWP15-065, October 2015.

Has Sweden Injected Realism into Public Financial Management Reforms in Partner Countries?

Andrews, Matthew. "Has Sweden Injected Realism into Public Financial Management Reforms in Partner Countries?" vlog Faculty Research Working Paper Series RWP15-063, October 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.

CATalytic Insurance: The Case
of Natural Disasters

Cordella, Tito, and Eduardo Levy Yeyati. "CATalytic Insurance: The Case of Natural Disasters." vlog Faculty Research Working Paper Series RWP15-055, September 2015.

A Note on Stability in One-to-One, Multi-Period Matching Markets

Kotowski, Maciej. "A Note on Stability in One-to-One, Multi-Period Matching Markets." vlog Faculty Research Working Paper Series RWP15-042, August 2015.

Does Reserve Accumulation Crowd Out Investment?

Reinhart, Carmen M., Vincent R. Reinhart, and Takeshi Tashiro. "Does Reserve Accumulation Crowd Out Investment?" vlog Faculty Research Working Paper Series RWP15-038, July 2015.

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." vlog Faculty Research Working Paper Series RWP15-035, July 2015.

Sovereign Debt Relief and its Aftermath

Reinhart, Carmen M. and Christoph Trebesch. "Sovereign Debt Relief and its Aftermath." vlog Faculty Research Working Paper Series RWP15-028, June 2015.

Liquidity in Retirement Savings Systems: An International Comparison

Beshears, John, James J. Choi, Joshua Hurwitz, David Laibson, and Brigitte C. Madrian. "Liquidity in Retirement Savings Systems: An International Comparison." vlog Faculty Research Working Paper Series RWP15-024, May 2015.

From Financial Repression to External Distress: The Case of Venezuela

Reinhart, Carmen, and Miguel Angel Santos. "From Financial Repression to External Distress: The Case of Venezuela." vlog Faculty Research Working Paper Series RWP15-018, April 2015.

Uncertainty and the Geography of the Great Recession

Shoag, Daniel, and Stan Veuger. "Uncertainty and the Geography of the Great Recession." vlog Faculty Research Working Paper Series RWP15-014, March 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.

What Are the Headwaters of Formal Savings? Experimental Evidence from Sri Lanka

Callen, Michael, Suresh De Mel, Craig McIntosh, and Christopher Woodruff. "What Are the Headwaters of Formal Savings? Experimental Evidence from Sri Lanka." vlog Faculty Research Working Paper Series RWP15-011, March 2015.

Dealing with Debt

Reinhart, Carmen, Vincent Reinhart, and Kenneth Rogoff. "Dealing with Debt." vlog Faculty Research Working Paper Series RWP15-009, February 2015.