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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. surui1_ Juancho TorresAnadolu Agency via Getty Images)_biodiversity Juancho Torres/Anadolu Agency via Getty Images

    Making Biodiversity Credits Work

    Almir Narayamoga Suruí & Simon Zadek suggest how to realize the potential of this innovative mechanism for financing nature conservation.
  2. sierakowski111_Omar MarquesGetty Images_donaldtusk Omar Marques/Getty Images

    Polish Democracy’s Winter of Discontent

    Sławomir Sierakowski explains why enthusiasm for the country’s ruling coalition has waned over the past year.
  3. cferguson2_Uwe Anspachpicture alliance via Getty Images_remote work Uwe Anspach/picture alliance via Getty Images

    What Remote Work Can Do for Global Development

    Charles Ferguson points out that the decoupling of economic activity from geographic location has only just begun.
  4. zizek38_HANNAH MCKAYPOOLAFP via Getty Images_macron HANNAH MCKAY/POOL/AFP via Getty Images

    Saving Democracy from Itself

    Slavoj Žižek applauds French President Emmanuel Macron’s maneuvering to keep the far right at bay.
  5. khrushcheva186_ CHANDAN KHANNAAFP via Getty Images_border patrol Office of Inspector General/Department of Homeland Security via Getty Images

    First Trump Came for the Immigrants

    Nina L. Khrushcheva warns that mass deportations will carry high costs, not just for the economy, but for America’s soul.
  6. op_batista1_BRENDAN SMIALOWSKIAFP via Getty Images_georgievaIMF Brendan Smialowski/AFP via Getty Images

    Will the IMF Survive to 100?

    Paulo Nogueira Batista, Jr. & Robert H. Wade

    The World Trade Organization's precipitous decline into irrelevance should serve as a warning to the International Monetary Fund's shareholder governments, its management, and everyone who values multilateral economic cooperation. In a rapidly changing world, global institutions must reform or die.

    propose incremental changes to keep developing and emerging economies on board and engaged.
  7. merz1_Chris Emil Janßen - PoolGetty Images_biden eu Chris Emil Janßen - Pool/Getty Images

    European Security Cannot Be Found in the Past

    Friedrich Merz

    The old Europe of the Cold War sought comfort in the past and confidence in the solitary US leadership that defined the era. Unfortunately, when it comes to its own security, Europe seemingly remains in a time warp, stuck somewhere before 1989.

    laments that nostalgia for US leadership unites a continent that must define the decisive action needed now.
  8. desalegn2_Gabriel AponteGetty Images_cop16 Gabriel Aponte/Getty Images

    The Biodiversity Crisis Is a Security Crisis

    Hailemariam Desalegn urges governments to recognize that the degradation of ecosystems poses a major threat to global stability.
  9. campanella29_ John MooreGetty Images_voting John Moore/Getty Images

    The US Election and the Crisis of Whiteness

    Edoardo Campanella sees long-term demographic trends driving the country’s increasingly divisive politics.

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