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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. basu111_Justin SullivanGetty Images_UScartariffs Justin Sullivan/Getty Images

    Trump’s Tariffs Will Accelerate America’s Economic Decline

    Kaushik Basu draws parallels between the administration’s policies and those that led to Argentina’s decades-long slump.
  2. blyth3_Chip SomodevillaGettyImages_trump_reciprocal_tariffs Chip Somodevilla/Getty Images

    Trump, Tariffs, and the Fate of the Dollar

    Mark Blyth

    Donald Trump’s attempt to reindustrialize the US economy by eliminating trade deficits will undoubtedly cause pain and disruption on a massive scale. But it is important to remember that both major US political parties have abandoned free trade in pursuit of similar goals.

    argues that America’s protectionist policies reflect a global economic reordering that was already underway.
  3. davutoglu1_Andrew HarnikGetty Images_trumpzelensky Andrew Harnik/Getty Images

    Trump’s Old World Order

    Ahmet Davutoğlu warns that the US administration’s reckless conduct may destroy the last vestiges of multilateral cooperation.
  4. op_janeway19_MANDEL NGANAFP via Getty Images_trumpmusk Mandel Ngan/AFP via Getty Images

    Crippling America’s Innovation Economy

    William H. Janeway

    Donald Trump and Elon Musk's reign of disruption is crippling research universities’ ability to serve as productive partners in innovation, thus threatening the very system that they purport to celebrate. The Chinese, who are increasingly becoming frontier innovators in their own right, will be forever grateful.

    warns that the pillars of US dynamism and competitiveness are being systematically toppled.
  5. muzikarova8_NurPhotoGettyImages_chip_manufacturing NurPhoto/Getty Images

    America’s AI Iron Curtain

    Soňa Muzikárová explains how US export controls are harming allies and potentially helping Russia and China.
  6. hubbard5_SpencerPlattGettyImages_bessent_economic_club_of_new_york Spencer Platt/Getty Images

    What Rebalancing the US Economy Really Requires

    Glenn Hubbard thinks US Treasury Secretary Scott Bessent is neglecting the need for spending cuts in major federal programs.
  7. rasoolayub1_Alex WongGettyImages_voa_building Alex Wong/Getty Images

    America’s Voice No Longer Speaks for Democracy

    Heela Rasool-Ayub explains why authoritarians worldwide are celebrating Donald Trump’s renunciation of democratic advocacy.
  8. durostu1_Apu GomesGetty Images_LAfire Apu Gomes/Getty Images

    Insurers Must Embrace Geospatial AI

    Pierre du Rostu touts the technology’s benefits for an industry that must shift its focus from paying claims to managing risk.
  9. gelfand4_Andrew HarnikGettyImages_trump_gesture Andrew Harnik/Getty Images
    Free to read

    It’s Time to Abandon Trump’s Flawed Negotiation Playbook

    Michele Gelfand points out that the best dealmakers strive for win-win outcomes, not zero-sum Pyrrhic victories.

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