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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. op_gierok1_floortjeGetty Images_euro floortje/Getty Images

    The Euro and Its Imperial Ancestors

    Victoria Gierok

    At 25, the euro has come of age at a time when European politics is tending toward fragmentation and a renewed emphasis on national sovereignty. To determine whether it will last, it helps to consult the history of earlier common-currency projects.

    draws lessons from earlier experiments with common currencies across disparate polities and economies.
  2. parrado4_ERNESTO BENAVIDESAFP via Getty Images_infrastructure development ERNESTO BENAVIDES/AFP via Getty Images

    Overcoming Political Short-Termism in Latin America

    Eric Parrado envisions independent institutions empowered to devise and implement long-term development-related policies.
  3. salehiisfahani9_ATTA KENAREAFP via Getty Images_pezeshkianzarif Atta Kenare/AFP via Getty Images

    Iran’s Economy Needs a New Deal with the West

    Djavad Salehi-Isfahani shows that pursuing sanctions relief is the only solution to the country's stagflation.
  4. adebajo8KOLA SULAIMONAFP via Getty Images_tinubu KOLA SULAIMON/AFP via Getty Images

    Africa’s Hobbled Hegemons

    Adekeye Adebajo

    In the face of regional turmoil, rising extremism, and heightened geopolitical tensions, Africa urgently needs strong leadership. But its two most significant regional powers, Nigeria and South Africa, are too constrained by domestic challenges to represent Africa’s interests effectively on the world stage.

    examines the causes of political and economic malaise in Nigeria and South Africa.
  5. ltobin2_Brett CoomerHouston Chronicle via Getty Images_USmanufacturingrobot Brett Coomer/Houston Chronicle via Getty Images

    The US Needs a Techno-Industrial Strategy

    Liza Tobin & Addis Goldman outline a three-pronged approach that would entrench American leadership in advanced industries.
  6. strain29_ Bonnie CashGetty Images_powell Bonnie Cash/Getty Images

    The Fed Should Not Cut Interest Rates Yet

    Michael R. Strain argues that declaring victory over inflation, while tempting, would be to misread current economic conditions.
  7. guinto3_TED ALJIBEAFP via Getty Images_heat wave TED ALJIBE/AFP via Getty Images

    Preparing for a Future of Extreme Heat Waves

    Renzo R. Guinto urges political leaders to place resilience at the heart of housing, transport, and water policies.
  8. benami215_IBRAHIM HAMSAFP via Getty Images_gazawar Ibrahim Hams/AFP via Getty Images

    Israel Is Enabling Iran’s War of Attrition

    Shlomo Ben-Ami thinks that Binyamin Netanyahu and his messianic allies are hastening the destruction of the Jewish state.
  9. rogoff216_ SAUL LOEBAFP via Getty Images_imf Saul Loeb/AFP via Getty Images

    Unlocking IMF Reform

    Barry Eichengreen writes that the key is a governance overhaul combined with a renewed focus on the Fund’s core mission.

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