Michael Klein

Michael Klein

Professor
William L. Clayton Professor of International Economic Affairs
Professor, Economics, Arts and Sciences

Contact Information

Research/Areas of Interest

World capital markets
Exchange rate management
Foreign direct investment
Consequences of international capital controls
Effects of international factors on United States labor market

Education

  • BA, Brandeis University, Waltham, United States, 1980
  • PhD, Columbia University, New York, United States, 1987

Biography

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 and Executive Editor of EconoFact, a non-partisan website that provides economic analysis on timely policy issues (www.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. He 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 PhD in economics from Columbia University and a B.A. from Brandeis University.

Selected Publications

Fernández, A., Klein, M. W., Rebucci, A., Schindler, M., & Uribe, M. (2016). Capital control measures: A new dataset. IMF Economic Review, 64(3), 548-574. doi:10.1057/imfer.2016.11

Klein, M. W., & Shambaugh, J. C. (2015). Rounding the corners of the policy trilemma: Sources of monetary policy autonomy. American Economic Journal Macroeconomics, 7(4), 33-66. doi:10.1257/mac.20130237

Aker, J. C., Klein, M. W., O'Connell, S. A., & Yang, M. (2014). Borders, ethnicity and trade. Journal of Development Economics, 107, 1-16. doi:10.1016/j.jdeveco.2013.10.004

Klein, M. W. (2012). Capital controls: Gates versus walls. Brookings Papers on Economic Activity, (FALL), 317-367. doi:10.1353/eca.2012.0015

Klein, M. W., & Shambaugh, J. C. (2012). Exchange Rate Regimes in the Modern Era. Mit Press.

Klein, M. W., & Shambaugh, J. C. (2008). The dynamics of exchange rate regimes: Fixes, floats, and flips. Journal of International Economics, 75(1), 70-92. doi:10.1016/j.jinteco.2007.10.003

Goldberg, L. S., & Klein, M. W. (2005). Establishing Credibility: Evolving Perceptions of the European Central Bank.

Klein, M. W. (2004). Work and Play: International Evidence of Gender Equality in Employment and Sports. Journal of Sports Economics, 5(3), 227-242. doi:10.1177/1527002503257836

Klein, M. W., Peek, J., & Rosengren, E. S. (2002). Troubled banks, impaired foreign direct investment: The role of relative access to credit. American Economic Review, 92(3), 664-682. doi:10.1257/00028280260136309

Klein, M. W. (1996). Timing Is All: Elections and the Duration of United States Business Cycles. JOURNAL OF MONEY, CREDIT, AND BANKING, 28(1).