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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. mueller47_VLADIMIR SIMICEKAFP via Getty Images_robertfico Vladimir Simicek/AFP via Getty Images
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    Democracies Are Not “Backsliding”

    Jan-Werner Mueller thinks the language commonly used to describe the shift toward authoritarianism is hampering solutions.
  2. varoufakis107_Thomas LohnesGetty Images_christinelagarde Thomas Lohnes/Getty Images
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    Christine Lagarde’s Gifts to Populists

    Yanis Varoufakis worries that the European Central Bank's blunders have revived the far right's political fortunes.
  3. rodrik213_James WakibiaSOPA ImagesLightRocket via Getty Images_kenyasolar James Wakibia/SOPA Images/LightRocket via Getty Images
    1

    Bridging the Climate-Development Gap

    Dani Rodrik & Ishac Diwan explain how to free up fiscal space for sustainable development in many low- and middle-income countries.
  4. sheng141_XinhuaMao Siqian via Getty Images_hong kong Xinhua/Mao Siqian via Getty Images
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    Lower Transaction Costs for Greater Innovation

    Andrew Sheng & Xiao Geng highlight the link between access to global markets and investment in research and development.
  5. Ashoka_Say-More_Ghersi-via-GettyRF
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    Ashoka Mody on Indian corruption, growth, jobs, and more

    Ashoka Mody explains the roots of the lack of accountability in India, highlights shortcomings in human capital and gender equality, casts doubt on the country’s ability to assume a Chinese-style role in manufacturing, and more.
  6. chowdhury1_BIJU BOROAFP via Getty Images_india flooding BIJU BORO/AFP via Getty Images
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    Why India’s Women Are More Vulnerable to Disasters

    Joyita Roy Chowdhury & Prarthna Agarwal Goel call attention to gender inequalities that exacerbate the effects of floods and other natural catastrophes.
  7. spence164_Thierry MonasseGetty Images_eu integration Thierry Monasse/Getty Images
    3

    Europe in the Age of Industrial Policy

    Michael Spence

    While China and the US take advantage of scale to pursue large-scale investment in critical sectors, the EU struggles to follow suit, owing to its decentralized fiscal structures and rules limiting government subsidies to industry. A new EU-level investment program is urgently needed.

     advocates a federal investment program, funded by EU sovereign-debt issuance and administered centrally.
  8. brown99_Elke ScholiersGetty Images_g20 Elke Scholiers/Getty Images
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    Fixing Global Governance

    Gordon Brown explains how to make the G20 and the Bretton Woods institutions fit for purpose once again.
  9. stark9_DANIEL ROLANDAFP via Getty Images_ecb DANIEL ROLAND/AFP via Getty Images
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    The EU Needs Fiscal Union

    Lucrezia Reichlin laments the pro-cyclical bent of the European Commission’s proposed reforms to fiscal rules.

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