Michael Klein
FLETCHER SCHOOL OF LAW AND DIPLOMACY, TUFTS UNIVERSITY. Professor of International Economic Affairs. Research interests include world capital markets, exchange rate management, and foreign direct investment.

What Information Does the Yield Curve Yield?

April 26, 2018

The Issue:

Forecasting the twists and turns of the economy is difficult. One set of indicators used to gauge where the economy is headed draws on information from financial markets since the yields paid by financial assets reflect the collective market view of the future state of the economy. An inverted yield ...
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Leaning on The Fed

April 13, 2017

The Issue:

The Federal Reserve walks a tight balance between maintaining low unemployment and preventing the economy from heating up and unleashing inflation. Its decisions impact groups differently: raising interest rates can be painful for borrowers and businesses seeking to invest and expand; lowering them can ...
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Who Owns Us? Foreign Investment and Trade Deficits

March 13, 2017

The Issue:

Peter Navarro, head of the White House Council on Trade, argues that trade deficits not only reduce America’s economic self-reliance but could also pose a threat to national security. He warns in an op-ed in the Wall Street Journal that China and other trading partners use proceeds from export sales ...
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Is China a Currency Manipulator?

January 20, 2017

The Issue:

Donald Trump has said that, upon taking office, he will declare China a currency manipulator. Many Americans, understandably angered by factory closings and job loss seemingly due to Chinese competition, appear to support this. An artificially cheap yuan enables Chinese exporters to unfairly undercut ...
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