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- All HBS Web (248)
- Faculty Publications (76)
Show Results For
- All HBS Web (248)
- Faculty Publications (76)
- December 2010
- Article
Nominal versus Indexed Debt: A Quantitative Horse Race
By: Laura Alfaro and Fabio Kanczuk
The main arguments in favor of and against nominal and indexed debt are the incentive to default through inflation versus hedging against unforeseen shocks. We model and calibrate these arguments to assess their quantitative importance. We use a dynamic equilibrium... View Details
Keywords: Borrowing and Debt; Motivation and Incentives; Inflation and Deflation; System Shocks; Taxation; Risk and Uncertainty; Framework; Problems and Challenges; Interest Rates; Cost; Developing Countries and Economies; Service Operations
Alfaro, Laura, and Fabio Kanczuk. "Nominal versus Indexed Debt: A Quantitative Horse Race." Journal of International Money and Finance 29, no. 8 (December 2010): 1706–1726. (Also Harvard Business School Working Paper No. 05-053 and NBER Working Paper No. 13131.)
- 11 Nov 2014
- First Look
First Look: November 11
Sustainable Evaluation System Strategy By: Eccles, Robert G., and Peijun Duan Abstract—China's sustainable development faces three challenges: first, the follow-up momentum of sustainable economic growth and economic transformation is... View Details
Keywords: Sean Silverthorne
- 08 Oct 2013
- First Look
First Look: October 8
Thomas H. Lee Abstract—In health care, the days of business as usual are over. Around the world, every health care system is struggling with rising costs and uneven quality, despite the hard work of well-intentioned, well-trained... View Details
Keywords: Sean Silverthorne
- 22 Feb 2022
- News
Q&A: The Post-Pandemic Path
In the early months of the COVID-19 pandemic in the United States, Robin Greenwood, the George Gund Professor of Finance and Banking and Anne and James F. Rothenberg Faculty Fellow, saw another catastrophe on the horizon: widespread business failure and a bankruptcy... View Details
Keywords: April White
- Web
Global Activities 2020-2021 - Global Activities 2021
Nigeria, saw how Ebola ravaged West Africa from 2014 to 2016, which prompted her to think about how she could have an impact in Africa when macro shocks occurred. The crisis led her to HBS and the Harvard Kennedy School—the first steps on... View Details
- 16 Apr 2001
- Research & Ideas
Making the Most of Government Upheaval
markets, trade tariffs, and taxation virtually overnight in 1991, sending shock waves throughout its economy. For YPF, at the time heavily diversified in cinemas, airlines, hotels, and restaurants in addition to energy, the first order of... View Details
Keywords: by Nancy O. Perry
- 30 Jun 2003
- Research & Ideas
Computer Security is For Managers, Too
company computer systems is often left unclear. Managers need to ask, "Who should have remote access to the corporate network? What safeguards must be in place before employees can connect to the corporate network from a remote... View Details
- 29 May 2020
- Op-Ed
How Leaders Are Fighting Food Insecurity on Three Continents
COVID-19 is creating unprecedented strains on food security worldwide. The United Nations' World Food Programme warns that the pandemic could almost double the number of people facing food crises in low- and middle-income populations to 265 million by the end of 2020.... View Details
- 15 Jun 2021
- News
Alumni Work to Reverse Bias Through Philanthropy
The high-profile deaths last year of Ahmaud Arbery, Breonna Taylor, Tony McDade, and George Floyd were not the first tragic outcomes of racial injustice in the United States to send shock waves across the globe. But in their wake—and in... View Details
Keywords: Deborah Blagg
- 02 Feb 2010
- First Look
First Look: Feb. 2
will correspond to the technical patterns of dependency in the system under development. Thus the hypothesis predicts that developers with few or no organizational linkages will design independent system... View Details
Keywords: Martha Lagace
- 02 Jul 2024
- Blog Post
Climate Story #19: Nicole Neeman Brady (MBA 2008): The Critical Role of Business in Tackling Water Challenges
Nicole Neeman Brady (MBA 2008): The Critical Role of Business in Tackling Water Challenges “Water is a human right. It’s shocking that the United States did not sign on to the 2010 United Nations Proclamation on Water and Sanitation, but... View Details
- 27 Dec 2010
- Research & Ideas
HBS Faculty on 2010’s Biggest Business Developments
where I sit as an economist, it's still all about the economy and the long-term impact of the problems laid bare by the Great Recession. During the financial crisis, the world came to the apparently shocking realization that debt... View Details
Keywords: by Staff
- 09 Sep 2009
- First Look
First Look: September 9
Many organizations have implemented incident reporting systems to highlight actual and potential operational failures in order to encourage problem solving and prevent subsequent failures. Our study is among the first to develop and... View Details
Keywords: Martha Lagace
- 01 Dec 2002
- News
Bad Times for Business
it a case of dé jà vu or an unprecedented, systemic failure? This roundtable discussion, moderated by Professor Krishna Palepu, sought answers and suggested some corrective measures. Highlights of the conversation follow. Krishna Palepu:... View Details
Keywords: Garry Emmons
- 09 Jun 2009
- First Look
First Look: June 9
has a positive effect on current hours. As we show, the model also has reasonable implications for stock prices. We estimate our model for data post-1984 and show that the innovations shock accounts for nearly a third of the variation in... View Details
Keywords: Martha Lagace
- 05 Feb 2019
- News
Protecting the Power Grid
running the market research firm Geosegment Systems Corporation, which he founded in 1991. In addition to its advocacy before the NRC, Popik’s group has become a regular at the Federal Energy Regulatory Commission (FERC), the obscure... View Details
- 20 Jan 2003
- Research & Ideas
Fixing Corporate Governance: A Roundtable Discussion at Harvard Business School
problems—particularly by business itself — will help keep our system of capitalism democratic and in sync with the larger interests of the nation. Paul Healy: We may have been through these experiences before, but it's View Details
Keywords: by Garry Emmons
- 20 Dec 2016
- First Look
December 20, 2016
accounting for more than three quarters of U.S. corporate patents. The rise of import competition from China has represented a major competitive shock to the sector, which in theory could benefit or stifle innovation. In this paper we... View Details
Keywords: Carmen Nobel
- 21 Nov 2006
- First Look
First Look: November 21, 2006
previous work that beliefs are also correlated with several features of the economic system (taxation, social insurance, etc.). Our objective is to study the joint determination of these three features (beliefs, punitiveness and economic... View Details
Keywords: Sean Silverthorne
- 17 Dec 2013
- First Look
First Look: December 17
Japan. An entire system of governance was blown away. In 1911, an imperial tradition of more than 2,000 years ended. After the subsequent disasters of world war and Maoist utopianism, China was an impoverished third world economy holding... View Details
Keywords: Carmen Nobel