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Carmen M. Reinhart

Carmen M. Reinhart

Writing for PS since 2014
47 commentaries

Carmen M. Reinhart, a former chief economist of the World Bank Group, is Professor of the International Financial System at Harvard Kennedy School.

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  1. Will Central Banks Do What It Takes?
    reinhart47_ MANDEL NGAN_AFP via Getty Images MANDEL NGAN/AFP via Getty Images

    Will Central Banks Do What It Takes?

    Dec 12, 2022 Carmen M. Reinhart warns that the risks associated with monetary tightening extend well beyond recession.

  2. Private-Debt Risks Are Hiding in Plain Sight
    reinhart46_Noam GalaiGetty Images_storeclosing Noam Galai/Getty Images

    Private-Debt Risks Are Hiding in Plain Sight

    May 2, 2022 Carmen M. Reinhart & Leora Klapper warn that in the absence of timely action, a wave of non-performing loans could hamper economic recovery.

  3. The Return of Global Inflation
    reinhart45_Yuichiro ChinoGetty Images_globeeocnomy Yuichiro Chino/Getty Images

    The Return of Global Inflation

    Feb 11, 2022 Carmen M. Reinhart & Clemens Graf von Luckner see a development that began in the advanced economies becoming increasingly prevalent worldwide.

  4. The Quiet Financial Crisis
    reinhart44_ JUSTIN TALLISAFP via Getty Images_uk virus Justin Tallis/AFP via Getty Images

    The Quiet Financial Crisis

    Jan 7, 2021 Carmen M. Reinhart warns that the pandemic’s impact on household and corporate balance sheets jeopardizes economic recovery.

  5. Preventing a COVID-19 Food Crisis
    reinhart43_Waseem AndrabiHindustan Times via Getty Images_indiaricecoronavirus Waseem Andrabi/Hindustan Times via Getty Images

    Preventing a COVID-19 Food Crisis

    May 15, 2020 Carmen M. Reinhart & Rob Subbaraman urge governments to cooperate on addressing supply-chain disruptions and refrain from protectionist measures.

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  1. frankel166_JemalCountessGettyImages_national_debt Jemal Countess/Getty Images
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    Elon Musk’s $2 Trillion Fiscal Fantasy

    Jeffrey Frankel

    It is often said that a businessman like Donald Trump or Elon Musk will know how to put America’s fiscal house in order. But between Trump’s planned tax cuts and Musk’s absurd estimate of how much federal spending can be reduced, the smart money says they have no idea what they are doing.

     dives into the incoming US administration’s absurd claim that fresh tax cuts will not increase the deficit.
  2. buchholz21_getty images_us china Getty Images
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    The Deal Trump Should Offer China

    Todd G. Buchholz

    To address what he sees as an unfair Sino-American economic relationship, Donald Trump should focus not on trade but on China's currency manipulation and massive holdings of US debt. After all, why saddle US consumers with higher costs when you can demand reparations directly from a foreign competitor?

     proposes that the incoming US administration push for a debt write-off and market access instead of tariffs.
  3. muzikarova7_NurPhotoGettyImages_cyberconference_poland NurPhoto/Getty Images
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    Central and Eastern Europe’s Bid for AI Dominance

    Soňa Muzikárová outlines steps policymakers can take to harness the technology’s potential to boost growth and prosperity.
  4. aosaid1_getty images_tech justice
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    Can Technology End Corruption?

    Azalina Othman Said thinks that powerful new digital tools can help, but only if governments commit to upholding the rule of law.
  5. scherger1ARMEND NIMANIAFP via Getty Images_farming ARMEND NIMANI/AFP via Getty Images
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    Carbon Farming Won't Save the Planet

    Sophie Scherger warns that soil-storage offsets may serve as a smokescreen for polluting industries.
  6. bildt129_MaximShipenkovGettyImages_valdai_putin_fail Maxim Shipenkov/Getty Images
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    Putin’s March of Folly

    Carl Bildt argues that Russia’s president has only his own poor decisions to blame for his country’s loss of status.
  7. hausmann117_TONY KARUMBAAFP via Getty Images_africawindfarm Tony Karumba/AFP via Getty Images
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    A Better Approach to Climate Finance

    Ricardo Hausmann shows how developing countries can accelerate global decarbonization while creating new growth opportunities.
  8. ghosh83_CHRISTIAN MONTERROSAAFP via Getty Images_trump cop CHRISTIAN MONTERROSA/AFP via Getty Images
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    Trump’s Bad COP

    Jayati Ghosh says the Paris climate agreement’s future depends on how other countries respond to the new US administration.
  9. goldberg32_Spencer PlattGetty Images_USshipping Spencer Platt/Getty Images
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    Are Tariffs Worth It?

    Pinelopi Koujianou Goldberg thinks the risks and costs for the US will far outweigh any potential political or geopolitical benefits.

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