Mailing address
Littauer 217
Belfer Center for Science & International Affairs
79 JFK St.
Cambridge, MA, 02138
Jeffrey Frankel
James W. Harpel Professor of Capital Formation and Growth
Contact:
Telephone: (617)-496-3834
Fax: (617)-495-8963
Email: jeffrey_frankel@harvard.edu
Experience
Jeffrey Frankel is James W. Harpel Professor of Capital Formation and Growth. He was appointed to the Council of Economic Advisers by President Clinton in 1996, and subsequently confirmed by the Senate. His responsibilities as Member included international economics, macroeconomics, and the environment. He left the Council in March 1999. Before moving east, he was Professor of economics at the University of California, Berkeley, having joined the faculty in 1979. He directs the National Bureau of Economic Research program in International Finance and Macroeconomics. Past appointments include the Brookings Institution, Federal Reserve Board, Institute for International Economics, International Monetary Fund, University of Michigan and Yale. His research interests include international finance, monetary policy, regional blocs, East Asia and global climate change. His recent publications include "Does Trade Cause Growth?" in the American Economic Review, 1999, and Regional Trading Blocs, 1997. He graduated from Swarthmore College in 1974, and received his Ph.D. from MIT in 1978.
October 2008
"Global Environmental Policy and Global Trade Policy"
Discussion Paper
By Jeffrey Frankel, James W. Harpel Professor of Capital Formation and Growth
"The global climate regime and the global trade policy regime are on a collision course. National efforts to reduce emissions of greenhouse gases (GHGs) instill among environmentalists fears of leakage and among businesspeople fears of lost competitiveness. Policy-makers respond to these fears. In 2008, legislative attempts in both Washington, DC, and Brussels to enact long-term targets for reduced emission of GHGs included provisions for possible penalties against imports from countries perceived as non-participating. Trade measures, if well designed, could in theory be WTO-compatible...."
October 2008
"An Elaborated Proposal for Global Climate Policy Architecture: Specific Formulas and Emission Targets for All Countries in All Decades"
Discussion Paper
By Jeffrey Frankel, James W. Harpel Professor of Capital Formation and Growth
This paper offers a detailed plan to set quantitative national limits on emissions of greenhouse gases, building on the foundation of the Kyoto Protocol. It attempts to fill in the most serious gaps: the absence of targets extending as far as 2100, the absence of participation by the United States and developing countries, and the absence of reason to think that countries will abide by commitments. The plan elaborates on the idea of a framework of formulas that can assign quantitative limits across countries, one budget period at a time. Unlike other proposals for century-long paths of emission targets that are based purely on science (concentration goals) or economics (cost-benefit optimization), this plan is based partly on politics.
September 5, 2007
Frankel Proposal: Formulas for Quantitative Emission Targets
Policy Brief
By Jeffrey Frankel, James W. Harpel Professor of Capital Formation and Growth
Jeffrey Frankel has proposed a climate policy architecture that builds on the quantitative targets and timetables infrastructure of the UNFCCC and Kyoto Protocol. He calls for a sequence of negotiations (one per decade) to determine the global greenhouse gas emissions cap and a formula for allocating this global cap among all participating countries.
September 21, 2004
Designing a Regime for Developing Countries that is Cost-Effective and Equitable
Conference Paper
By Joseph Aldy, Co-Director (Currently on Leave), Harvard Project on International Climate Agreements and Jeffrey Frankel, James W. Harpel Professor of Capital Formation and Growth
Paper presented at the Leaders' Summit on Post-Kyoto Architecture: Toward an L20? Conference, Council on Foreign Relations, New York, NY, September 21, 2004
June 13, 2003
A Crude Peg for the Iraqi Dinar
Op-Ed, Financial Times
By Jeffrey Frankel, James W. Harpel Professor of Capital Formation and Growth
March 31, 2003
Advice to a Fledgling Economic Advisor
Op-Ed, The Financial Times
By Jeffrey Frankel, James W. Harpel Professor of Capital Formation and Growth
September 12, 2002
Trading Places
Op-Ed, The Financial Times
By Jeffrey Frankel, James W. Harpel Professor of Capital Formation and Growth
