Carmen M. Reinhart is the Minos A. Zombanakis Professor of the International Financial System at Harvard Kennedy School. She was Senior Policy Advisor and Deputy Director at the International Monetary Fund and held positions as Chief Economist and Vice President at the investment bank Bear Stearns in the 1980s. She serves in the Advisory Panel of the Federal Reserve Bank of New York, and was a member of the Congressional Budget Office Panel of Economic Advisors. She has written on a variety of topics in macroeconomics and international finance. Her work has helped to inform the understanding of financial crises in both advanced economies and emerging markets. Her best-selling book (with Kenneth S. Rogoff) entitled This Time is Different: Eight Centuries of Financial Folly documents the striking similarities of the recurring booms and busts that have characterized financial history. It has been translated to over 20 languages and won the Paul A. Samuelson Award.
Based on publications and scholarly citations, Reinhart is ranked among the top five economists worldwide of the past decade according to Research Papers in Economics (RePec). She has testified before congress and has been listed among Bloomberg Markets Most Influential 50 in Finance, Foreign Policy's Top 100 Global Thinkers, and Thompson Reuters' The World's Most Influential Scientific Minds. In 2018 she was awarded the King Juan Carlos Prize in Economics and NABE's Adam Smith Award, among others.
Recent Awards, Commentary, and Research
Bernhard Harms Prize, Kiel Institute for the World Economy. October 2018. Video
Challenges Ahead (with Hugh Bredenkamp, Ricardo Hausmann, and Alex Pienkowski) Forthcoming in Sovereign Debt: A Guide for Economists and Practitioners, Ali Abbas, Alex Pienkowski, Kenneth Rogoff, editors, Chapter 9 (London: Oxford University Press, 2019). Video of panel discussion at IMF Conference, September 13, 2018. Paper posted in panel session.
The Curious Case of the Missing Defaults Forthcoming in Journal of International Money and Finance, (available on line, September 2018). Keynote address at Federal Reserve Bank of San Francisco Asia Economic Policy Conference, November 17, 2017.
The Crisis Next Time (with Vincent Reinhart), Foreign Affairs, Vol 97(6), November/December 2018, 84-97.
International Financial Crises, presentation at the Nobel Symposium on Money and Banking, Stockholm, May 27-28, 2018. Video.
Exchange Rate Arrangements in the 21st Century: Which Anchor Will Hold? (with Ethan Ilzetzki and Kenneth Rogoff), National Bureau of Economic Research, Working Paper 23134, February 2017. Forthcoming in Quarterly Journal of Economics, May 2019.
Full classification of exchange rate arragements, anchor currency, and a new measure of capital controls here, other data here.