Faculty Research Profiles


Michael W. Klein, the William L. Clayton Professor of International Economic Affairs, is a Research Associate of the National Bureau of Economic Research, and has been a visiting scholar at the International Monetary Fund, the Bank of England, the Board of Governors of the Federal Reserve and the Federal Reserve Banks of Boston, Dallas and New York. He has published research on exchange rates, government controls on international financial flows, the effects of international factors on labor markets, foreign direct investment and international trade, as well as on the effects of politics on business cycles, the evolution over time of the qualifications of U.S. Marine officers, and the link between the participation of women in a nation’s labor market and that nation’s success in women’s international sports competitions.
Professor Klein has co-authored two scholarly books. Exchange Rate Regimes in the Modern Era was written with Jay Shambaugh, a Fletcher ’96 graduate who went on to receive his Ph.D. from Berkeley, has served as a member of the Council of Economic Advisers and is a professor at George Washington University. Job Creation, Job Destruction, and International Competition was written while Professor Klein was a visiting scholar at the Federal Reserve Bank of Boston, and is co-authored with two of that Bank’s economists. In addition to these books, Professor Klein has published more than three dozen articles in journals and conference volumes. He has also published the textbook Mathematical Methods for Economics and the novel Something for Nothing.

Professor Klein was the Chief Economist in the U.S. Treasury’s Office of International Affairs from 2010 to 2011. One of his main tasks there was to write short policy briefs on timely topics. He used this experience to develop the course International Economic Policy Analysis upon his return to Fletcher after his stint in the government. In this course, students use their knowledge of statistics, econometrics and economics to write and present policy briefs, developing skills that are directly transferable to the types of jobs Fletcher students have after graduation.

Professor Klein’s experience writing policy briefs while at the U.S. Treasury also informs his recent experience as a Founder of EconoFact in January 2017. EconoFact is a website that publishes short policy briefs that analyze economic policies by leading academic economists. He serves as Research Director of EconoFact and as Co-Executive Editor with Professor Edward Schumacher-Matos, who leads the Murrow Center for a Digital World. The site publishes policy briefs on a wide range of topics such as social safety net policies, immigration, international trade, exchange rates, financial markets, education policy and environmental policy.