Simon Johnson

Ronald A. Kurtz (1954) Professor of Entrepreneurship
Professor of Global Economics and Management

Biography | Selected Publications

“The Value of Connections in Turbulent Times: Evidence from the United States.” Acemoglu, Daron, Simon H. Johnson, Amir Kermani, James Kwak and Todd Mitton, MIT Department of Economics Working Paper No. 13-22. November 2015. 

“Disease and Development: A Reply to Bloom, Canning, and Fink.” Acemoglu, Daron and Simon H. Johnson. Journal of Political Economy Vol. 122, No. 6 (2014): 1367-1375. (2014)

"Forty Years of Leverage: What Have We Learned about Sovereign Debt?" Boone, Peter and Simon H. Johnson. American Economic Review Vol. 104, No. 5 (2014): 266-271.  (2014)

“Ending ‘Too Big To Fail’: Government Promises Versus Investor Perceptions.” Gormley, Todd, Changyong Rhee and Simon H. Johnson. Review of Finance Vol. 19, No. 2 (2014): 491-518.  (2014)

“Systemic Lack of Prudence in Wealthy Countries.” Boone, Peter and Simon H. Johnson. In Financial Systems at the Crossroads, edited by Wing Woo, Yingli Pan, Jeffrey D. Sachs and Jinhui Qian, 95-134. Hackensack, NJ: World Scientific Publishing Company, 2013. 

"Financial Services in the Transatlantic Trade and Investment Partnership." Johnson, Simon H. and Jeffrey Schott.  (2013)

"Governing the Federal Reserve After the Dodd-Frank Act." Conti-Brown, Peter and Simon H. Johnson. (2013)

"Policy Advice and Actions during the Asian and Global Financial Crisis." Johnson, Simon H. and James Kwak. In Responding to Financial Crisis: Lessons from Asia Then, the United States and Europe Now, edited by Changyong Rhee and Adam S. Posen, 141-178.  Washington, DC: Asian Development Bank, 2013.

“The Surprisingly Dire Situation of Children’s Education in Rural West Africa: Results from the CREO study in Guinea-Bissau (Comprehensive Review of Education Outcomes).” Boone, Peter, Ila Fazzio, Kameshwari Jandhyala, Chitra Jayant, Gangadhar Jayanty, Simon H. Johnson, Vimala Ramachandrin, Filipa Silva and Zhaoguo Zhan, NBER Working Paper No. 18971. April, 2013. 

“Is Newer Better? Penn World Tables Revisions and Their Impact on Growth Estimates.” Johnson, Simon H., William Larson, Chris Papageorgiou and Arvind Subramanian. Journal of Monetary Economics Vol. 60, No. 2 (2013): 255-274.  (2013)

“Hither Thou Shalt Come But No Further: ‘Reply to The Colonial Origins of Comparative Development: An Empirical Investigation; Comment.’” Johnson, Simon H. American Economic Review Vol. 102, No. 6 (2012): 3077-3110.  (2012)

White House Burning: The Founding Fathers, The National Debt, and Why It Matters To You. Johnson, Simon H. and James Kwak. New York, NY: Pentheon, April 2012.

"The European Crisis Deepens." Boone, Peter and Simon H. Johnson. (2012)

“The Consequences of Radical Reform: The French Revolution.” Acemoglu, Daron, Davide Cantoni, Simon H. Johnson and James Robinson. American Economic Review Vol. 101, No. 7 (2011): 3286-3307.  (2011)

"Europe on the Brink." Boone, Peter and Simon H. Johnson. (2011)

"From Ancien Regime to Capitalism: The Spread of the French Revolution as a Natural Experiment." Johnson, Simon H., Daron Acemoglu, Davide Cantoni and James Robinson. In Natural Experiments of History, edited by Jared Diamond and James A. Robinson, 221-256. Cambridge, MA: Harvard University Press, 2011. 

Macro Financial Linkages: Trends, Crises, and Policies. Crowe, Christopher W., Simon H. Johnson, Jonathan D. Ostry and Jeromin Zettelmeyer. Washington, DC: International Monetary Fund, 2010. 

“The Prospects for Sustained Growth in Africa: Benchmarking the Constraints.” Johnson, Simon H., Jonathan Ostry and Arvind Subramanian. IMF Staff Papers Vol. 57, No. 1 (2010): 119-171.  (2010)

“Will the politics of global moral hazard sink us again?” Boone, Peter and Simon H. Johnson. In The Future of Finance: The LSE Report, 247-288. London, England: London School of Economics, 2010.

13 Bankers: The Wall Street Takeover and The Next Financial Meltdown. Johnson, Simon H. and James Kwak. New York, NY: Penthoen, March 2010.

“Shooting Banks.” Boone, Peter, and Simon H. Johnson. The New Republic, February 2010.

“Breaking Out of the Pocket: Do Health Interventions Work? Which and in What Sense?” Boone, Peter and Simon H. Johnson. In What Works in Development? Thinking Big and Thinking Small, edited by Jessica Choen and Bill Easterly, 55-90. Washington, DC: Brookings Institution Press, 2009. 

“Reevaluating the Modernization Hypothesis.” Acemoglu, Daron, Simon H. Johnson, James Robinson and Pierre Yared. Journal of Monetary Economics Vol. 56, No. 8 (2009): 1043-1058.  (2009)

“The Next Financial Crisis – It’s Coming and We Just Made It Worse.” Johnson, Simon H. The New Republic, September 2009.

“Determinants of Vertical Integration: Financial Development and Contracting Costs.” Acemoglu, Daron, Simon Johnson and Todd Mitton. Journal of Finance Vol. 64, No. 3 (2009): 1251-1290.  (2009)

"The Quiet Coup" Johnson, Simon H. The Atlantic, May 2009. 

“Income and Democracy.” Acemoglu, Daron, Simon H. Johnson, James Robinson and Pierre Yared. American Economic Review Vol. 98, No. 3 (2008): 808-842.  (2008)

Mixing Family with Business: A study of Thai Business Groups and the Families Behind Them.” Bertrand, Marianne, Simon H. Johnson, Krislert Samphantharak and Antoinette Schoar. Journal of Financial Economics Vol. 88, No. 3 (2008): 466-498.  (2008)

“When Does Policy Reform Work? The Case of Central Bank Independence.” Acemoglu, Daron, Simon H. Johnson, Pablo Querubín and James Robinson. Brookings Papers on Economic Activity Vol. 2008 (2008): 351-429. 

"Comment on "When Does Improving Health Raise GDP?"" Johnson, Simon H. NBER Macroeconomics Annual, January 2008. 

“Disease and Development: The Effect of Life Expectancy on Growth.” Acemoglu, Daron and Simon H. Johnson. Journal of Political Economy Vol. 115, No. 6 (2007): 925-985.  (2007)

“Malaysian Capital Controls: An Assessment.” Johnson, Simon H., Kalpana Kochhar, Todd Mitton and Natalia Tamirisa. In Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences, edited by Sebastian Edwards, 529-574. Chicago, IL: University of Chicago Press, 2007.

"Helping Reforms Deliver Growth in Latin America." Johnson, Simon H.  (2006)

“Understanding Prosperity and Poverty: Geography, Institutions, and the Reversal of Fortune.” Acemoglu, Daron, Simon H. Johnson and James Robinson. In Understanding Poverty, edited by Abhijit Banerjee, Roland Benabou and Dilip Mookherjee, 19-36. New York, NY: Oxford University Press, 2006. 

“Levers for Growth.” Johnson, Simon H., Jonathan Ostry and Arvind Subramanian. Finance and Development, March 2006.

“Institutions as the Fundamental Cause of Long-Run Growth.” Acemoglu, Daron, Simon H. Johnson and James Robinson. In Handbook of Economic Growth, edited by Philippe Aghion and Steven Durlauf, 385-472. Amsterdam, The Netherlands: North-Holland Press, 2006. 

“Unbundling Institutions.” Acemoglu, Daron and Simon H. Johnson. Journal of Political Economy Vol. 113, No. 5 (2005): 949-995.  (2005)

“The Rise of Europe: Atlantic Trade, Institutional Change, and Economic Growth.” Acemoglu, Daron, Simon H. Johnson and James Robinson. American Economic Review Vol. 95, No. 3 (2005): 546-579.  (2005)

“From Education to Democracy?” Acemoglu, Daron, Simon H. Johnson, James Robinson and Pierre Yared. American Economic Review  Vol. 95, No. 2 (2005): 44-49. (2005)

“Institutions, Volatility, and Crises.” Acemoglu, Daron, Simon H. Johnson and James Robinson. In Growth and Productivity in East Asia, edited by Takatoshi Ito and Andrew K. Rose, 71-108. Chicago, IL: University of Chicago Press, 2004. 

"Small Enterprises and Economic Policy." Åslund, Anders and Simon H. Johnson. (2004)

“Privatization and Corporate Governance.” Johnson, Simon H. and Andrei Shleifer. In Privatization, Corporate Governance and Transition Economies, edited by Takatoshi Ito and Anne O. Krueger. Chicago, IL: The University of Chicago Press, 2003. 

“Propping and Tunnelling.” Friedman, Eric, Simon H. Johnson and Todd Mitton. Journal of Comparative Economics Vol. 31, No. 4 (2003): 732-750.  (2003)

“Institutions, Corporate Governance, and Crises.” Acemoglu, Daron and Simon H. Johnson. In Corporate Governance and Capital Flows in a Global Economy, edited by Peter K. Cornelius and Bruce Kogut, 327-346. New York, NY: Oxford University Press, 2003. 

“Review of Corporate Financing and Governance in Japan: The Road to the Future.” Johnson, Simon H. Review of Corporate Financing and Governance in Japan, by Takeo Hoshi and Anil Kashyap. Journal of International Economics, August 2003. 

“An Africa Success Story: Botswana.” Acemoglu, Daron, Simon H. Johnson and Jim Robinson. In  In Search of Prosperity: Analytic Development Narratives, edited by Dani Rodrik, 80-120. Princeton, NJ: Princeton University Press, 2003.

“Disease and Development in Historical Perspective.” Acemoglu, Daron, Simon H. Johnson and James Robinson. Journal of the European Economic Association Vol. 1, No. 2-3 (2003): 397-405.  (2003)

“The Emergence of Temporal Correlations in a Study of Global Economic Interdependence.” Friedman, Eric, Simon H. Johnson and Adam Landsberg. Quantitative Finance Vol. 3, No. 4 (2003): 296-305.  (2003)

“Cronyism and Capital Controls: Evidence from Malaysia.” Johnson, Simon H. and Todd Mitton. Journal of Financial Economics Vol. 67, No. 2 (2003): 351-382.  (2003)

“Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth.” Acemoglu, Daron, Simon H. Johnson, Jim Robinson and Yunyong Thaicharoen. Journal of Monetary Economics Vol. 50, No. 1 (2003): 49-123.  (2003)

“Coase and the Reform of Securities Markets.” Johnson, Simon H. International Economic Journal Vol. 16, No. 1 (2002): 1-19. (2002)

“Property Rights and Finance.” Johnson, Simon H., John McMillan and Chris Woodruff. American Economic Review Vol. 92, No. 5 (2002): 1335-1356.  (2002)

“Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution.” Acemoglu, Daron, Simon H. Johnson and Jim Robinson. Quarterly Journal of Economics Vol. CXVII, No. 4 (2002): 1231-1294.  (2002)

“Courts and Relational Contracts.” Johnson, Simon H., John McMillan and Chris Woodruff. Journal of Law, Economics and Organization Vol. 18, No. 1 (2002): 221-277.  (2002)

“Escaping the Under-Reform Trap.” Åslund, Anders, Peter Boone, and Simon H. Johnson. IMF Staff Papers Vol. 48 (2001): 88-108.  (2001)

“The Colonial Origins of Comparative Development: An Empirical Investigation.” Acemoglu, Daron, Simon H. Johnson and Jim Robinson. American Economic Review Vol. 91, No. 5 (2001): 1369-1401.  (2001)

"Institutions and the Underground Economy." Simon H. Johnson and Daniel Kaufmann. In A Decade of Transition: Achievements and Challenges, edited by Oleh Havrylyshyn and Saleh M. Nsouli. Washington, DC: October 2001. 

“Coase versus the Coasians.” Glaeser, Edward, Simon H. Johnson and Andrei Shleifer. Quarterly Journal of Economics Vol. CXVI, No. 3 (2001): 853-900.  (2001)

“Corporate Governance in the Asian Financial Crisis.” Boone, Peter, Alasdair Breach, Eric Friedman and Simon H. Johnson. Journal of Financial Economics Vol. 58, No. 1-2 (2000): 141-186. (2000)

“Observations on Corporate Governance in the Asian Crisis.” Johnson, Simon H. In Global Financial Crises: Lessons from Recent Events, edited by Joseph R. Bisignano, William C. Hunter and George G. Kaufman. 297-306. Boston, MA: Kluwer Academic Publishers, 2000. 

"Coase and the Reform of Securities Markets." Simon H. Johnson. In Conference Series No. 44, edited by Simon H. Johnson, Eric S. Rosengren and John S. Jordan. Boston, MA: June 2000.

“Dodging the Grabbing Hand: Determinants of Unofficial Activity in 69 countries.” Friedman, Eric, Simon H. Johnson, Daniel Kaufmann and Pablo Zoido-Lobaton. Journal of Public Economics Vol. 76, No. 3 (2000): 459-493.  (2000)

“Why do Firms Hide? Bribes and Unofficial Activity After Communism.” Johnson, Simon H., Daniel Kaufmann, John McMillan and Chris Woodruff. Journal of Public Economics Vol. 76, No. 3 (2000): 495-520.  (2000)

“Tunneling.” Johnson, Simon H., Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer. American Economic Review Vol. 90, No. 2 (2000): 22-27. 

(2000)

“Entrepreneurs and the Ordering of Institutional Reform: Poland, Slovakia, Romania, Russia, and Ukraine Compared.” Johnson, Simon H., John McMillan and Christopher Woodruff. Economics of Transition Vol. 8, No. 1 (2000): 1-36.  (2000)

“Institutions and Prospects for a Currency Board in Russia: Perspectives on a Deepening Crisis.” Boone, Peter, Alasdair Breach and Simon H. Johnson. Post-Soviet Geography and Economics Vol. 39, No. 7 (1998): 371-378. (1998)

“Regulatory Discretion and Corruption.” Johnson, Simon H., Daniel Kaufmann and Pablo Zoido-Lobaton. American Economic Review Vol. 88, No. 2 (1998): 387-392. 

(1998)

“Formal Employment and Survival Strategies After Communism.” Johnson, Simon H., Daniel Kaufmann and Oleg Ustenko. In Transforming Post-Communist Political Economies, Joan M.Nelson, Charles Tilly and Lee Walker, 177-202. Washington, DC: Walker National Academy of Sciences, 1997. (1998)

“On Reform Intensity Under Uncertainty.” Johnson, Simon H., Panos Kouvelis and Vikas Sinha. Journal of Comparative Economics Vol. 25, No. 3 (1997): 297-321. (1997)

“The Unofficial Economy in Transition.” Johnson, Simon H., Daniel Kaufmann and Andrei Shleifer. Brookings Papers on Economic Activity Vol. 28, No. 2 (1997): 159-240 (1997)

"Dynamic Monotonicity and Comparative Statics for Real Options.” Friedman, Eric and Simon H. Johnson. Journal of Economic Theory Vol. 75, No. 1 (1997): 104-121. (1997)

"How to Stabilize: Lessons from Post-Communist Countries." Åslund, Anders, Peter Boone, Simon H. Johnson. Brookings Papers on Economic Activity Vol. 1996, No. 1 (1996): 217-313. 

“Complementarities and Economic Reform.” Friedman, Eric and Simon H. Johnson. Economics of Transition Vol. 4, No. 2 (1996): 319-329.  (1996)

"The Acquisition of Private Property Rights in Ukrainian Agriculture." Beddoes, Zanny Minton and Simon H. Johnson. In Reforming Asian Socialism: The Growth of Market Institutions, edited by Joan M. McMillan and Barry Naughton. Ann Arbor, MI: University of Michigan Press, 1996.

"Complementarities and the Managerial Challenges of State Enterprise Restructuring: Evidence from Two Shipyards." Johnson, Simon H., Gary Loveman and David Kotchen. Economics of Transition Vol. 4, No. 1 (1996): 31-42.  (1996)

"How One Polish Shipyard Became a Market Competitor." Johnson, Simon H. and Gary Loveman. Harvard Business Review, November/December 1995.

Starting Over in Eastern Europe: Entrepreneurship and Economic Renewal. Johnson, Simon H. and Gary Loveman. Harvard Business School Press, 1995.

"Employment and Unemployment After Communism." Johnson, Simon H. In Economic Transition in Eastern Europe and Russia: Realities of Reform, edited by Edward Lazear. Standford, CA: Hoover Institution Press, 1995.

"Starting Over: Poland After Communism." Johnson, Simon H. and Gary Loveman. Harvard Business Review, March/April 1995.

Managing Business Enterprises After Communism. Johnson, Simon H., Gary Loveman and David Kotchen. Boston, MA: Harvard Business School Publishing, 1994.

"Private Business in Eastern Europe." Johnson, Simon H. In The Transition in Eastern Europe, Volume 2: Restructuring, edited by Olivier J. Blanchard, Kenneth A. Froot and Jeffrey D. Sachs,  (1994)

"Private Sector Development in Poland: Shock Therapy and Starting Over." Johnson, Simon H. and Gary Loveman. Comparative Economic Studies Vol. 36, No. 4 (1994): 173-183. (1994)

"Poland: The Political Economy of Shock Therapy." Johnson, Simon H. and Marzena Kowalska. In Voting for Reform, edited by Stephan Haggard and Steven B. Webb. Oxford, England: Oxford University Press, 1994. 

"The Macroeconomics of NEP." Johnson, Simon H. and Peter Temin. Economic History Review Vol. 46, No. 4 (1993): 750-767.  (1993)

"New Commercial Banks in the Former Soviet Union. How Do They Operate?" Johnson, Simon H., Heidi Kroll and Mark Horton. In Changing the Economic System in Russia, edited by Åslund, Anders and Richard Layard. London, England: Pinter Publishers, 1993. 

"Managerial Strategies for Spontaneous Privatization." Johnson, Simon H. and Heidi Kroll. Soviet Economy Vol. 7. No. 4 (1991): 281-316. (1991)

"Did Socialism Fail in Poland?" Johnson, Simon H. Comparative Economic Studies Vol. 33, No. 3 (1991): 127-151.  (1991)

The Collected Papers of Franco Modigliani: Monetary Theory and Stabilization Policies. Abel, Andrew, and Simon H. Johnson. Cambridge, MA: MIT Press, 1989.

The Collected Papers of Franco Modigliani: Saving, Deficits, Inflation and Financial Theory. Johnson, Simon H. and Andrew Abel. Cambridge, MA: MIT Press, 1980.

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