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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

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." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-072, December 2015.

Electricity Markets and the Clean Power Plan

Hogan, William W. "Electricity Markets and the Clean Power Plan." Electricity Journal 28.9 (November 2015): 9-32.

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." ÌÇÐÄvlog¹ÙÍø 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." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-065, October 2015.

Uniting Behind the Divisive ‘Cadillac’ Tax on Health Plans

Mankiw, N. Gregory, and Lawrence H. Summers. "Uniting Behind the Divisive ‘Cadillac’ Tax on Health Plans." New York Times. October 24, 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?" ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-063, October 2015.

Explaining Recent Declines in Labour’s Share in US Income

Lawrence, Robert Z. "Explaining Recent Declines in Labour’s Share in US Income." VoxEU, October 15, 2015.

Designing Federal Budget Policy to Spur Economic Growth

Elmendorf, Douglas. "Designing Federal Budget Policy to Spur Economic Growth." The Brookings Institution (October 13, 2015).

A Fairer Approach to Fiscal Reform

Elmendorf, Douglas. "A Fairer Approach to Fiscal Reform." The Washington Post, October 11, 2015.

The Plaza Accord, 30 Years Later

Frankel, Jeffrey A. "The Plaza Accord, 30 Years Later." ÌÇÐÄvlog¹ÙÍø 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." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-055, September 2015.

Misinterpreting Chinese Intervention in Financial Markets

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

Dynamic Scoring: Why and How to Include Macroeconomic Effects in Budget Estimates for Legislative Proposals

Elmendorf, Douglas. "Dynamic Scoring: Why and How to Include Macroeconomic Effects in Budget Estimates for Legislative Proposals." Brookings Papers on Economic Activity (September 2015).

Athletes and CEOs: What Do Their Earnings Tell Us about the Income (and Taxation) of the Super Rich?

Lawrence, Robert Z. "Athletes and CEOs: What Do Their Earnings Tell Us about the Income (and Taxation) of the Super Rich?" Peterson Institute for International Economics, August 7, 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." ÌÇÐÄvlog¹ÙÍø 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?" ÌÇÐÄvlog¹ÙÍø 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." ÌÇÐÄvlog¹ÙÍø 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." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-028, June 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.

Dealing with Debt

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

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." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-024, May 2015.

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).

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." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-018, April 2015.

Congress, China, and Currency Manipulation

Frankel, Jeffrey A. "Congress, China, and Currency Manipulation." China-U.S. Focus. April 9, 2015.

Promises and Pitfalls of Mobile Money in Afghanistan: Evidence from a Randomized Control Trial

Blumenstock, Joshua, Michael Callen, Tarek Ghani, and Lucas Koepke. "Promises and Pitfalls of Mobile Money in Afghanistan: Evidence from a Randomized Control Trial." International Conference on Information and Communication Technologies and Development, Association for Computing Machinery, 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.

Uncertainty and the Geography of the Great Recession

Shoag, Daniel, and Stan Veuger. "Uncertainty and the Geography of the Great Recession." ÌÇÐÄvlog¹ÙÍø 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?" ÌÇÐÄvlog¹ÙÍø 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.

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." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-011, March 2015.

Chinese Currency Manipulation Not a Problem

Frankel, Jeffrey A. "Chinese Currency Manipulation Not a Problem." East Asia Forum, March 9, 2015.

Are Negative Real Interest Rates the 'New Normal'?

Reinhart, Carmen. "Are Negative Real Interest Rates the 'New Normal'?" Nikkei Asian Review, March 5, 2015.

Economics of the Public Sector

Stiglitz, Joseph E., and Jay K. Rosengard. Economics of the Public Sector, 4th Edition. W.W. Norton & Company, 2015.

Dealing with Debt

Reinhart, Carmen, Vincent Reinhart, and Kenneth Rogoff. "Dealing with Debt." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP15-009, February 2015.

Modeling Persuasion within Small Groups, with an Application to a Deliberative Field Experiment on U.S. Fiscal Policy

Esterling, Kevin M., Archon Fung, and Taeku Lee. "Modeling Persuasion within Small Groups, with an Application to a Deliberative Field Experiment on U.S. Fiscal Policy." 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.

Sovereign-Debt Relief And Its Aftermath: The 1930s, The 1990s, The Future?

Reinhart, Carmen and Christoph Trebesch. "Sovereign-Debt Relief And Its Aftermath: The 1930s, The 1990s, The Future?" Vox, October 21, 2014.

Venezuela's Economic Underperformance

Reinhart, Carmen, and Kenneth Rogoff. "Venezuela's Economic Underperformance." Project Syndicate, October 13, 2014.

The Banking Industry

Scherer, F.M. "The Banking Industry." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP14-042, September 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.

The Investment Returns of Nonprofit Organizations: Part 1, Tales from 990 Forms

Heutel, Garth, and Richard Zeckhauser. "The Investment Returns of Nonprofit Organizations: Part 1, Tales from 990 Forms." Nonprofit Management and Leadership 25.19 (Fall 2014): 41-57.

The Investment Returns of Nonprofit Organizations: Part II, The Value of Focused Attention

Heutel, Garth, and Richard Zeckhauser. "The Investment Returns of Nonprofit Organizations: Part II, The Value of Focused Attention." Nonprofit Management and Leadership 25.19 (Fall 2014): 59-75.

Engaging with Fragile and Conflict-Affected States

Woolcock, Michael. "Engaging with Fragile and Conflict-Affected States." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP14-038, July 2014.

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.

Nominal GDP Targeting for Middle-Income Countries

Frankel, Jeffrey A. "Nominal GDP Targeting for Middle-Income Countries." ÌÇÐÄvlog¹ÙÍø 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.