Publications

2023
Working Paper

Sovereign Default and the Decline in Interest Rates

By: Max Miller, James Paron and Jessica Wachter

Sovereign debt yields have declined dramatically over the last half-century. Standard explanations, including aging populations and increases in asset demand from abroad, encounter difficulties when confronted with the full range of evidence. We propose an explanation... View Details

Keywords: Inflation and Deflation; Interest Rates; Debt Securities

1981
Other Unpublished Work

Comet Energy (C) DoD Incentive Contracting - HBS Analysis and Decision Case

By: J. Ronald Fox and Louis B. Smith

Keywords: Contracts; Business and Government Relations; National Security; Decision Making

October 2012 (Revised February 2014)
Case

Keystone XL Pipeline

By: Richard H. K. Vietor

On January 18, 2012, President Obama rejected TransCanada's application for a "national interest" determination to approve construction of the Keystone XL Pipeline. Keystone XL was a 1,700 mile long, 36-inch diameter pipeline to transport 1.1 million barrels a day of... View Details

Keywords: Energy; Petroleum; Environmentalism; United States; Oil Prices; National Security; Environmental Sustainability; Energy Sources; Energy Industry; Canada; United States

1988
Other Unpublished Work

Congressional Testimony on Defense Acquisition Policy - U.S. House of Representatives, Committee on Armed Services, Subcommittee on Acquisition Policy

By: J. Ronald Fox

Keywords: National Security; Contracts; Policy; Business and Government Relations; United States

2010
Chapter

Advance Recovery and the Development of Resilient Organizations and Societies

By: Dutch Leonard and Arnold M. Howitt

Societies face a wide array of significant hazards-ranging from the possibility of natural disasters to industrial accidents to large-scale terrorist incidents. View Details

Keywords: Natural Disasters; Society; Organizations; Growth and Development; National Security; Safety

2022
Article

Indonesia and the Third Indochina War: The End of Containment

By: Mattias Fibiger

The Third Indochina War called forth dramatic changes in the international relations of Southeast Asia. Foremost among these changes was a shift in the geopolitical orientation of the Association of Southeast Asian Nations (ASEAN). The organization’s founders... View Details

Keywords: Cold War; War; National Security; Southeast Asia; Indonesia; China

February 2003
Supplement

Steel Cash

By: William E. Fruhan Jr. and Katherine A. Codega

Spreadsheet to (9-203-042). Test the impact of changes in wage rates on the value of debt and equity securities. Download only. View Details

Keywords: Change; Equity; Debt Securities; Wages

1981
Other Unpublished Work

Comet Energy (A) DoD Incentive Contracting - HBS Analysis and Decision Case

By: J. Ronald Fox and Louis B. Smith

Keywords: Contracts; Business and Government Relations; National Security; Decision Making

February 2003
Exercise

Restructuring the U.S. Steel Industry: Spreadsheet Exercise

By: William E. Fruhan Jr.

Description of an EXCEL spreadsheet exercise to test the impact of changes in wage rates on the value of debt and equity securities. View Details

Keywords: Equity; Debt Securities; Valuation; Wages; Restructuring; Steel Industry

June 2002
Case

"One Country, Two Systems"? Italy and the Mezzogiorno (B)

By: Bruce R. Scott and Jamie Matthews

In 1992, a corruption investigation and two assassinations created a crisis that prompted the Italian government to dispatch 7,000 troops to Sicily to "retake the island" from the Mafia. This case examines the crisis and the efforts of both the Italian state and the... View Details

Keywords: History; National Security; Crime and Corruption; Economic Slowdown and Stagnation; Italy

March 2004
Article

Do Police Reduce Crime? Estimates Using the Allocation of Police Forces after a Terrorist Attack

By: Rafael Di Tella and Ernesto Schargrodsky

An important challenge in the crime literature is to isolate causal effects of police on crime. Following a terrorist attack on the main Jewish center in Buenos Aires, Argentina, in July 1994, all Jewish institutions received police protection. Thus, this hideous event... View Details

Keywords: Law Enforcement; Crime and Corruption; Resource Allocation; National Security

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July 2022 (Revised November 2022)
Case

Building a Mishap-Free U.S. Navy

By: Amy C. Edmondson, Herman B. Leonard, Michael W. Toffel and Michael Norris

In 2021, Kevin “Bud” Couch, a retired Navy captain who was now working as a civilian employee of the Navy Safety Center, was trying to determine how best to reduce the risk of Navy mishaps. The Navy had experienced a series of major mishaps in 2017 that had led to a... View Details

Keywords: National Security; Safety; War; Ship Transportation; Risk Management; Operations; Singapore; Tokyo; San Diego

August 2002 (Revised October 2002)
Case

Launching the War on Terrorism

Describes the decision-making process employed by President George W. Bush's War Cabinet in the days following the September 11th terrorist attacks. Examines how the president and his advisers framed the problem, exchanged ideas, generated alternatives, and developed a... View Details

Keywords: War; National Security; Decision Making; Crisis Management; Management Teams; Public Administration Industry; United States

February 1, 2024
Editorial

Retired Military Officials: Protecting Abortion Care Keeps America Safe

By: Louis Caldera, Ray Mabus and Deborah James

Keywords: Military; Health Care and Treatment; Gender; Recruitment; National Security

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August 2015
Article

A Comparative-Advantage Approach to Government Debt Maturity

By: Robin Greenwood, Samuel G. Hanson and Jeremy C. Stein

We study optimal government debt maturity in a model where investors derive monetary services from holding riskless short-term securities. In a setting where the government is the only issuer of such riskless paper, it trades off the monetary premium associated with... View Details

Keywords: Sovereign Finance; Debt Securities

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21 Dec 2016
Cold Call Podcast

Target's Expensive Cybersecurity Mistake

Keywords: Re: Suraj Srinivasan; Retail

Book Review

Negotiating with Iran: Cultural and Historical Insights

By: James K. Sebenius

In a vitally important relationship famously caricatured as the "Mad Mullahs" v. the "Great Satan," the fraught negotiating history and future of Iran and the United States demands historical, cultural, and psychological insight if there is to be any prospect of... View Details

Keywords: National Security; Negotiation; Power and Influence; Iran; United States

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1989
Other Unpublished Work

The Development and Production of Missiles and Ships - HBS Analysis and Decision Case

By: J. Ronald Fox

Keywords: Ship Transportation; Product Development; Production; Decision Making; National Security; Aerospace Industry