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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_roach3_ Kevin FrayerGetty Images_china lagging consumption Kevin Frayer/Getty Images
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    China’s Rebalancing Imperative

    Stephen S. Roach

    The most successful development stories almost always involve major shifts in the sources of economic growth, which in turn allow economies to reinvent themselves out of necessity or by design. In China, the interplay of mounting external pressures, lagging household consumption, and falling productivity will increasingly shape China’s policy choices in the years ahead.

     explains why the Chinese authorities should switch to a consumption- and productivity-led growth model.
  2. castaneda88_GERARDO MENOSCALAFP via Getty Images_latin america safety GERARDO MENOSCAL/AFP via Getty Images
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    From Welfare State to Safe State in Latin America

    Jorge G. Castañeda & Carlos Ominami

    Designing a progressive anti-violence strategy that delivers the safety for which a huge share of Latin Americans crave is perhaps the most difficult challenge facing many of the region’s governments. But it is also the most important.

     urge the region’s progressives to start treating security as an essential component of social protection.
  3. ocampo57_Celal GunesAnadolu Agency via Getty Images_imf Celal Gunes/Anadolu Agency via Getty Images
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    The Urgency of Sovereign-Debt Restructuring

    José Antonio Ocampo highlights the need for a comprehensive mechanism to deliver relief to low- and middle-income countries.
  4. fischer215_Mostafa AlkharoufAnadolu via Getty Images_tel aviv iran attack Mostafa Alkharouf/Anadolu via Getty Images
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    The Gaza War Goes Global

    Joschka Fischer considers the implications of Iran’s unprecedented decision to launch a direct strike on Israeli territory.
  5. nyirinkindi1_ISAAC KASAMANIAFP via Getty Images_women phone fintech ISAAC KASAMANI/AFP via Getty Images
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    Gender-Neutral Fintech Isn’t Working for Women

    Emmanuel Nyirinkindi & Jessica Schnabel show that the industry is not fully delivering on its promise to accelerate financial inclusion.
  6. evans72_Alex WongGetty Images_palestine statehood Alex Wong/Getty Images
    1

    The Urgency of Palestinian Statehood

    Gareth Evans explains why formal international recognition is crucial to ending the intolerable status quo.
  7. schiffrin10_Mark WilsonGetty Images_journalists Mark Wilson/Getty Images
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    Quality Journalism Is More Important than Ever

    Anya Schiffrin, et al. explain how policymakers can support rigorous, objective reporting, just as they provide other public goods.
  8. wei60_MANJUNATH KIRANAFP via Getty Images_india population MANJUNATH KIRAN/AFP via Getty Images
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    Is India’s Economy Overhyped?

    Shang-Jin Wei argues that the country’s rapid development, while undeniable, conceals deeper structural problems.
  9. krake1_Celal GunesAnadolu via Getty Images_spring meetings Celal Gunes/Anadolu via Getty Images
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    Negotiating a Bigger, Better World Bank

    Michael Krake & Wempi Saputra explain how a new framework will nudge countries to invest in projects that deliver global public goods.

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