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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. gaffney4_Leonardo MunozVIEWpress_tax Leonardo Munoz/VIEWpress
    1

    Tax the Rich to Save the Planet

    Owen Gaffney argues that reducing economic inequality is the key to strengthening democracy and mitigating climate change.
  2. nye240_Yuichiro ChinoGetty Images_worldtechnologyconnection Yuichiro Chino/Getty Images
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    Is Globalization Over?

    Joseph S. Nye, Jr. explains why reports of the death of humanity's interdependence are greatly exaggerated.
  3. goldsmith3_LEONARDO MUNOZAFP via Getty Images_trumpindictment Leonardo Munoz/AFP via Getty Images
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    Putin and Trump in the Dock?

    Jack Goldsmith explains the risks associated with pursuing criminal prosecutions against high-profile political figures.
  4. fischer202_JULIEN DE ROSAAFP via Getty Images_ukraine JULIEN DE ROSA/AFP via Getty Images
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    The Great Revision

    Joschka Fischer examines the broader geopolitical restructuring that was triggered by Russia’s full-scale invasion of Ukraine.
  5. op_feld2_Mike KempIn Pictures via Getty Images_inflation Mike Kemp/In Pictures via Getty Images
    3

    Why Inflation Persists

    Lars P. Feld

    What "Team Transitory" has missed in the inflation debate is that inflation tends to become persistent because of second-round effects. Not only have producer prices risen over the past year or so, but they also have not yet been fully passed through the value chain.

     navigates the complex array of factors that give rise to one of the biggest problems in macroeconomics.
  6. haldar19_ Beata ZawrzelNurPhoto via Getty Images_wanted putin Beata Zawrzel/NurPhoto via Getty Images
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    Wanted: Vladimir Putin

    Antara Haldar explains why the International Criminal Court’s indictment is more than just a symbolic victory.
  7. BP financial crisis Anadolu Agency / Contributor via Getty Images
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    Here We Go Again?

    Fifteen years after the collapse of the US investment bank Lehman Brothers triggered a devastating global financial crisis, the banking system is in trouble again. Central bankers and financial regulators each seem to bear some of the blame for the recent tumult, but there is significant disagreement over how much – and what, if anything, can be done to avoid a deeper crisis.

  8. roubini175_Michael M. SantiagoGetty Images_debt crisis Michael M. Santiago/Getty Images
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    The Coming Doom Loop

    Nouriel Roubini warns that liquidity support will not be enough to prevent a deeper financial crisis and economic downturn.
  9. james202_FABRICE COFFRINIAFP via Getty Images_ubs credit suisse FABRICE COFFRINI/AFP via Getty Images
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    Crises of Uncertainty

    Harold James fears the consequences of policymakers’ continual revision of economic and financial governance rules.

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