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Two older people sit on a bench near a beach on a clear day.
Feature: Changes in Racial Gaps in Retirement Security over Time

Douglas Elmendorf and Karen Dynan find a large wealth disparity between White and Black families nearing retirement age, and notable wealth declines for both groups between 2001 and 2019.

A man wearing a mask talks on a cell phone.
Feature: Recovering from COVID

James Stock finds that COVID-19 recovery was unprecedented in its rapid speed but still introduced or accelerated structural economic changes, including to the labor force.

Person looks at a text message on their cell phone.
Feature: Efficacy of Text Messaging in Activating Hard-to-Reach Voters

Latanya Sweeney finds that text message reminders can effectively boost engagement and registration accuracy among hard-to-reach voters.

A person reads an academic article on a laptop.
Feature: The Global Distribution of Authorship in Economics Journals

Dani Rodrik finds that Western and Northern European authors are overrepresented in economics journals by an order of magnitude compared to authors based in low-income countries.

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

How Can Commodity Producers Make Fiscal and Monetary Policy Less Procyclical?

Frankel, Jeffrey A. "How Can Commodity Producers Make Fiscal and Monetary Policy Less Procyclical?" Beyond the Curse: Policies to Harness the Power of Natural Resources. Ed. Rabah Arezki, Amadou N. R. Sy, and Thorvaldur Gylfason. International Monetary Fund, 2011.

A Blue State Bailout In Disguise

Peterson, Paul E. "A Blue State Bailout In Disguise." Wall Street Journal, September 16, 2011.

Payroll-Tax Cut Is the Working Part of Jobs Plan: Edward Glaeser

Glaeser, Edward L. "Payroll-Tax Cut Is the Working Part of Jobs Plan: Edward Glaeser." Bloomberg.com, September 12, 2011.

Testing Pay-for-Success Bonds

Liebman, Jeffrey. "Testing Pay-for-Success Bonds." Public Manager 40.3 (September 2011): 66-68.

A Lesson from the South for Fiscal Policy in the US and Other Advanced Countries

Frankel, Jeffrey A. "A Lesson from the South for Fiscal Policy in the US and Other Advanced Countries." Comparative Economic Studies 53.3 (September 2011): 407-430.

A Comparison of Product Price Targeting and Other Monetary Anchor Options for Commodity Exporters in Latin America

Frankel, Jeffrey A. "A Comparison of Product Price Targeting and Other Monetary Anchor Options for Commodity Exporters in Latin America." Economia 12.1 (Fall 2011).

The Future of Convergence

Rodrik, Dani. "The Future of Convergence." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP11-033, August 2011.

Tax Breaks Shouldn't be Sacrosanct

Glaeser, Edward L. "Tax Breaks Shouldn't be Sacrosanct." Boston Globe, 8/25/2011.

$100 Bills on the Sidewalk: Violations of No-Arbitrage in 401(k) Accounts

Choi, James J., David Laibson, and Brigitte Madrian. "$100 Bills on the Sidewalk: Violations of No-Arbitrage in 401(k) Accounts." The Review of Economics and Statistics 93.3 (August 2011): 748-763.

A Comparison of Product Price Targeting and Other Monetary Anchor Options, for Commodity Exporters in Latin America

Frankel, Jeffrey A. "A Comparison of Product Price Targeting and Other Monetary Anchor Options, for Commodity Exporters in Latin America." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP11-027, July 2011.

Making Financial Markets Work For Consumers

Campbell, John Y., Howell E. Jackson, Brigitte C. Madrian, and Peter Tufano. "Making Financial Markets Work For Consumers." Harvard Business Review (July-August 2011).

Fiscal Policy in Developing Countries: Escape from Procyclicality

Frankel, Jeffrey A., Carlos A. Vegh, and Guillermo Vuletin. "Fiscal Policy in Developing Countries: Escape from Procyclicality." VoxEU, June 23, 2011.

Can Leading Indicators Assess Country Vulnerability? Evidence from the 2008-09 Global Financial Crisis

Frankel, Jeffrey A., and George Saravelos. "Can Leading Indicators Assess Country Vulnerability? Evidence from the 2008-09 Global Financial Crisis." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP11-024, June 2011.

The Availability and Utilization of 401(k) Loans

Beshears, John, James J. Choi, David Laibson, and Brigitte C. Madrian. "The Availability and Utilization of 401(k) Loans." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP11-023, June 2011.

The ECB’s Three Mistakes in the Greek Crisis and How to Get Sovereign Debt Right in the Future

Frankel, Jeffrey A. "The ECB’s Three Mistakes in the Greek Crisis and How to Get Sovereign Debt Right in the Future." VoxEU, May 16, 2011.

Oversight is a Many-Splendored Thing: Choice and Proportionality in Regulating and Supervising Microfinance Institutions

Rosengard, Jay K. "Oversight is a Many-Splendored Thing: Choice and Proportionality in Regulating and Supervising Microfinance Institutions." The Handbook of Microfinance. Ed. Beatriz Armendáriz and Marc Labie. World Scientific Publishing, 2011.

New Directions in Financial Services Regulation

Porter, Roger B., Robert R. Glauber, and Thomas J. Healey, eds. New Directions in Financial Services Regulation. MIT Press, 2011.

Diagnosis: Origins of the Crisis: Comments

Zeckhauser, Richard. "Diagnosis: Origins of the Crisis: Comments." New Directions in Financial Services Regulation. Ed. Porter, Roger, Robert R. Glauber, and Thomas J. Healey. MIT Press, 2011.

Review of Improving Access to Financial Services in Indonesia, World Bank, and Enhancing Access to Finance for Indonesian Overseas Migrant Workers: Evidence from a Survey of Three Provinces, World Ban

Rosengard, Jay K. Review of Improving Access to Financial Services in Indonesia, World Bank, and Enhancing Access to Finance for Indonesian Overseas Migrant Workers: Evidence from a Survey of Three Provinces, World Bank. Bulletin of Indonesian Economic Studies, 47.1, April 2011: 132-134.

Review of Restructuring of State-Owned Financial Institutions: Lessons from Bank Rakyat Indonesia

Rosengard, Jay K. Review of Restructuring of State-Owned Financial Institutions: Lessons from Bank Rakyat Indonesia, Asian Development Bank. Bulletin of Indonesian Economic Studies, 47.1, April 2011: 132-134.

The Crisis of 2008 and Financial Services Regulation

Porter, Roger B. "The Crisis of 2008 and Financial Services Regulation." New Directions in Financial Services Regulation. Ed. Roger B. Porter, Robert R. Glauber, and Thomas J. Healey. The MIT Press, 2011, 1-12.

Why it Worked: Critical Success Factors of a Financial Reform Project in Africa

Peterson, Stephen. "Why it Worked: Critical Success Factors of a Financial Reform Project in Africa." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP11-019, March 2011.

Bank Credit And Business
Networks

Khwaja, Asim Ijaz, Atif Mian, and Abid Qamar. "Bank Credit And Business Networks." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP11-017, March 2011.

How Does Simplified Disclosure Affect Individuals' Mutual Fund Choices?

Beshears, John, James J. Choi, David Laibson, and Brigitte C. Madrian. "How Does Simplified Disclosure Affect Individuals' Mutual Fund Choices?" Explorations in the Economics of Aging. Ed. David A. Wise. University of Chicago Press, 2011, 75-96.

How Can Commodity Exporters
Make Fiscal and Monetary Policy Less Procyclical?

Frankel, Jeffrey A. "How Can Commodity Exporters Make Fiscal and Monetary Policy Less Procyclical?" ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP11-015, February 2011.

Hooray for Nation States

Rodrik, Dani. "Hooray for Nation States." The New Republic. February 17, 2011, 12-13.

A Lesson From the South for Fiscal Policy in the US and Other Advanced Countries

Frankel, Jeffrey A. "A Lesson From the South for Fiscal Policy in the US and Other Advanced Countries." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP11-014, February 2011.

Social Impact Bonds

Liebman, Jeffrey. "Social Impact Bonds." Report for Center for American Progress, February 9, 2011.

A Solution to Overoptimistic Forecasts and Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile

Frankel, Jeffrey A. "A Solution to Overoptimistic Forecasts and Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP11-012, February 2011.

Are Bilateral Remittances Countercyclical?

Frankel, Jeffrey A. "Are Bilateral Remittances Countercyclical?" Open Economies Review 22.1 (February 2011): 1-16.

Monetary Policy in Emerging Markets, Vol. 3B

Frankel, Jeffrey A. "Monetary Policy in Emerging Markets, Vol. 3B." Handbook of Monetary Economics. Ed. Benjamin Friedman and Michael Woodford. European Central Bank, 2011, 1439-1520.

Hooray For Nation States

Rodrik, Dani. "Hooray For Nation States." The New Republic. January 27, 2011.

Monetary Policy in Emerging Markets: A Survey

Frankel, Jeffrey A. "Monetary Policy in Emerging Markets: A Survey." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP11-003, January 2011.

Bias-Corrected Matching Estimators for Average Treatment Effects

Abadie, Alberto, and Guido Imbens. "Bias-Corrected Matching Estimators for Average Treatment Effects." Journal of Business and Economic Statistics 29.1 (January 2011): 1-11.

Over-optimism in Forecasts by Official Budget Agencies and its Implications

Frankel, Jeffrey A. "Over-optimism in Forecasts by Official Budget Agencies and its Implications." Oxford Review of Economic Policy 27.4 (Winter 2011): 536-562.

Consumer Financial Protection

Campbell, John Y., Howell E. Jackson, Brigitte C. Madrian, and Peter Tufano. "Consumer Financial Protection." Journal of Economic Perspectives 25.1 (January 2011): 91–114.

Reforming Public Financial Management in Africa

Peterson, Stephen. "Reforming Public Financial Management in Africa." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP10-048, December 2010.

It Looks Like the End of the Eurozone

Rodrik, Dani. "It Looks Like the End of the Eurozone." Project Syndicate, December 14, 2010.

Tax Incentives for Affordable Housing: The Low Income Housing Tax Credit

Desai, Mihir, Dhammika Dharmapala, and Monica Singhal. "Tax Incentives for Affordable Housing: The Low Income Housing Tax Credit." Tax Policy and the Economy 24.1 (2010): 181-205.

Evaluation of Jamaica's PATH Conditional Cash Transfer Programme

Levy, Dan, and Jim Ohls. "Evaluation of Jamaica's PATH Conditional Cash Transfer Programme." Journal of Development Effectiveness 2.4 (December 2010): 421-441.

A Perplexed Economist Confronts 'Too Big to Fail'

Scherer, F.M. "A Perplexed Economist Confronts 'Too Big to Fail'." European Journal of Comparative Economics 7.2 (December 2010): 267-284.

The Regulation of Consumer Financial Products: An Introductory Essay with a Case Study on
Payday Lending

Campbell, John Y., Howell E. Jackson, Brigitte C. Madrian, and Peter Tufano. "The Regulation of Consumer Financial Products: An Introductory Essay with a Case Study on Payday Lending." Moving Forward: The Future of Consumer Credit and Mortgage Finance. Ed. Nicholas P. Retsinas and Eric Belsky. Brookings Institution Press and the Harvard University Joint Center for Housing Studies, 2010, 206-244.

Rapid Growth and Changing Economic Structure: The Expenditure Side Story and Its Implications for China

Perkins, Dwight H. "Rapid Growth and Changing Economic Structure: The Expenditure Side Story and Its Implications for China." China Economic Review (October 2010).

Strong Yuan: Good for Poor Nations?

Rodrik, Dani. "Strong Yuan: Good for Poor Nations?" Taipei Times, September 14, 2010.

The Regulation of Consumer Financial Products:
An Introductory Essay with Four Case Studies

Campbell, John Y., Howell E. Jackson, Brigitte C. Madrian, and Peter Tufano. "The Regulation of Consumer Financial Products: An Introductory Essay with Four Case Studies." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP10-040, September 2010.

Is Chinese Mercantilism Good or Bad for Poor Countries?

Rodrik, Dani. "Is Chinese Mercantilism Good or Bad for Poor Countries?" Project Syndicate, August 9. 2010.

Mauritius: African Success Story

Frankel, Jeffrey A. "Mauritius: African Success Story." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP10-036, September 2010.

Are Bilateral Remittances Countercyclical?

Frankel, Jeffrey A. "Are Bilateral Remittances Countercyclical?" ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP10-037, September 2010.

A Comparison of Monetary Anchor Options, Including Product Price Targeting, for Commodity-Exporters in Latin America

Frankel, Jeffrey A. "A Comparison of Monetary Anchor Options, Including Product Price Targeting, for Commodity-Exporters in Latin America." NBER Working Papers 16362, September 2010.

Market Confidence Bugaboo

Rodrik, Dani. "Market Confidence Bugaboo." Moscow Times, July 14, 2010.