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Michael Klein
Professor of International Economic Affairs, Fletcher School, Tufts University
Michael W. Klein is the William L. Clayton Professor of International Economic Affairs. He served as the chief economist in the Office of International Affairs of the United States Department of the Treasury from 2010-2011. He is a research associate of the National Bureau of Economic Research, and the founder, research director, and co-executive editor of EconoFact, a website that provides economic analysis on timely policy issues (econofact.org). He has been a visiting scholar at the International Monetary Fund, the Board of Governors of the Federal Reserve, the Bank of England, and the Federal Reserve Banks of Boston, New York, San Francisco and Dallas. His research and teaching focus on international macroeconomics.
Klein has published three books and over two dozen articles on topics such as exchange rate policy, international capital flows, the impact of trade on the U.S. labor market, and the determinants of foreign direct investment. His research has been supported by grants from the Upjohn Institute for Employment Research and the Bill and Melinda Gates Foundation. He received a Ph.D. in economics from Columbia University and a B.A. from Brandeis University.
Dec 20, 2021 09:57 am UTC| Economy
One of the main concerns raised by critics of President Joe Bidens Build Back Better plan is that it will drive up inflation, which is already running at the fastest pace in four decades. The Senate is currently...
Paul Volcker helped shape an independent Federal Reserve – a vital legacy that's under threat
Dec 11, 2019 03:57 am UTC| Insights & Views Central Banks Economy
Paul Volcker, who died on Dec. 8, is the poster boy for central bank independence and why it matters. One of his legacies, as you may have read in the many obituaries published since his death, is taming the runaway...
Fed’s rate cut signals a recession may be ahead – and it may not have enough ammunition to fight it
Sep 22, 2019 13:54 pm UTC| Insights & Views Central Banks
The Federal Reserve seems a lot more concerned about the state of the economy than its been letting on. The Fed lowered its target interest rate by a quarter point on Sept. 18, the second such cut since July and the...
Why Federal Reserve independence matters
Jun 21, 2019 01:42 am UTC| Insights & Views Central Banks Economy
Should you care if the Federal Reserve loses its independence? Its become a growing risk in recent years as President Donald Trump has repeatedly attacked the U.S. central bank over interest rate policy and tried to...
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