Publications

Educators

30 Sep 2019
Working Paper Summaries

Comments on Macri's Macro by Federico Sturzenegger

Keywords: by Rafael Di Tella; Banking

2018
Chapter

Historical Political Economy

By: Sophus A. Reinert

This book is a major contribution to the study of political economy. With chapters ranging from the origins of political economy to its most exciting research fields, this handbook provides a reassessment of political economy as it stands today, while boldly gesturing... View Details

Keywords: Economics; Government and Politics; History

August 1980 (Revised January 1983)
Case

Case Studies in Political Economy: Japan --1854-1977, Course Module

By: Bruce R. Scott, John W. Rosenblum and Audrey T. Sproat

Keywords: Economy; Government and Politics; Japan

December 2003 (Revised April 2005)
Case

Birth of Modern Macroeconomic Policy, The: Sweden and the Great Depression

By: Julio J. Rotemberg and Lisa Lewis

By early 1937, a debate over the proper conduct of monetary policy raged in Sweden. Sweden's response to the Great Depression was unique. It had, in particular, embraced a revolutionary goal for monetary policy when it abandoned the gold standard in 1931. View Details

Keywords: History; Money; Policy; Financial Crisis; Macroeconomics; Sweden

01 Mar 2011
News

James McNerney Jr.

McNerney: It’s all about being globally competitive and creating U.S. jobs. Illustration by Andy Friedman Related Links The Path to Economic Revival Making Their Way Squawk Box at HBS - Jim McNerney, Dean Nitin Nohria, and University... View Details

Keywords: Julia Hanna; interview; Transportation Equipment Manufacturing; Manufacturing; Air Transportation; Transportation

01 Jun 2013
News

The Long View

strategic research questions in four main areas: government and markets, institutions of democracy, economic inequality, and national security. Does the organization contribute to policymaking? Our primary... View Details

September 2008 (Revised September 2011)
Background Note

Note: Credit Rating Agencies

By: William E. Fruhan

The note examines the role of credit rating agencies in capital markets, with emphasis on the role of these agencies in the recent credit crisis and recommendations for change. View Details

Keywords: Financial Crisis; Capital Markets; Credit; Governing Rules, Regulations, and Reforms; Standards

Educators

Article

Are Crises Good for Long-term Growth? The Role of Political Institutions

By: Alberto Cavallo and Eduardo Cavallo

This paper provides empirical evidence for the importance of institutions in determining the outcome of crises on long-term growth. We show that once unobserved country-specific effects and other sources of endogeneity are accounted for, political institutions affect... View Details

Keywords: Growth; Democracy; Macroeconomics; Growth and Development; Financial Crisis; Economic Growth; Government and Politics

Read Now

October 2019
Article

Does Political Uncertainty Increase External Financing Costs? Measuring the Electoral Premium in Syndicated Lending

By: Olivia S. Kim

This article investigates the impact of political uncertainty on contractual lending terms using a large sample of syndicated loans and a within-firm estimation approach to achieve identification. Firms pay 7 basis points (bps) more on loans originated when their... View Details

Keywords: Risk and Uncertainty; Political Elections; Financing and Loans; Developing Countries and Economies

03 Feb 2009
First Look

First Look: February 3, 2009

Why Public Efforts to Boost Entrepreneurship and Venture Capital Have Failed—and What to Do About It Author: Josh Lerner Publication: Princeton University Press, forthcoming Abstract In response to the financial crisis, governments are... View Details

Keywords: Martha Lagace

01 Jun 2008
News

Faculty Books

looks at the emergence of capitalism and democracy as systems of economic and political governance and considers how they may be both mutually supportive and antagonistic. Chapters on the theory and history... View Details

Keywords: Educational Services; Business Schools & Computer & Management Training; Educational Services; Publishing Industries (except Internet); Information; Management

03 Oct 2006
First Look

First Look: October 3, 2006

development in Africa and in other low-income countries. Provides a brief political and economic history of Rwanda, but focuses on the country preceding and after the genocide. A description of government... View Details

Keywords: Sean Silverthorne

31 Mar 2009
First Look

First Look: March 31, 2009

and local governments should invest in it. But the idea of investing in ECD for economic development was new and had never been tested on a large scale, particularly in the way that Rolnick and Grunewald... View Details

Keywords: Martha Lagace

08 Aug 2012
Working Paper Summaries

Monetary Policy and Long-Term Real Rates

Keywords: by Samuel G. Hanson & Jeremy C. Stein

10 Aug 2012
Working Paper Summaries

Unobserved State Fragility and the Political Transfer Problem

Keywords: by Faisal Z. Ahmed & Eric Werker

24 Feb 2011
Working Paper Summaries

Issuer Quality and Corporate Bond Returns

Keywords: by Robin Greenwood & Samuel G. Hanson

01 Mar 2009
News

Model Patient

world in life expectancy, at 77.9 years. Half the U.S. population does not receive standard preventive care such as cancer screening, blood pressure checks, or vaccinations. A 2007 McKinsey study found that compared with the average for the thirty countries of the... View Details

Keywords: Garry Emmons; Health, Social Assistance

15 Jul 2008
First Look

First Look: July 15, 2008

to the attractiveness of the investment, Southern had been able to secure non-recourse financing for half of the required amount. Keeping in mind Brazil's volatile economic history, this financing would substantially limit Southern's... View Details

Keywords: Martha Lagace

June – July 2008
Article

A Better Approach to Foreign Aid

By: Justin Muzinich and Eric D. Werker

Frustration with U.S. foreign aid is widespread. At the same time, flows of private development finance—including foreign direct investment and remittances—have begun to dwarf official aid. We suggest a new approach that harnesses the power of private development... View Details

Keywords: Developing Countries and Economies; Foreign Direct Investment; International Relations; Taxation; Welfare or Wellbeing; United States