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.

Is Homeownership a Good Way to Build Wealth? (VIDEO)

September 12, 2019
This conversation was recorded on August 1, 2019.

Those who bought homes in the 1980s and 90s experienced significant gains in wealth. But for families who purchased a home in the years before the 2008 recession, especially those with low income, homeownership did not contribute to wealth accumulation. Jeffrey

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Do Bilateral Trade Deficits Matter? (VIDEO)

September 4, 2019
This conversation was recorded on August 1, 2019.

With the ongoing trade tensions between the U.S. and China, Michael Klein, Executive Editor of EconoFact, and Marc Melitz (Harvard) discuss why the difference between the value of goods imported and exported between one country and another should not be a central

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What to Make of Stock Market Volatility? (VIDEO)

August 28, 2019
This conversation was recorded on August 1, 2019.

Stock market volatility—big swings in the prices of stocks—had actually been relatively low in the period of recovery from the financial crisis through 2017. However, that trend has been changing of late, with several incidences of volatility marked by ‘short,

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Globalization and its Consequences (VIDEO)

July 16, 2019
This conversation was recorded on December 11, 2018.

Globalization refers to economic integration along various dimensions - international trade, the movement of people, as well as of capital. While such integration has made people better off in aggregate, it has created winners as well as losers. How much of globalization's

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The Political Considerations in Fiscal Policy (VIDEO)

June 20, 2019
This conversation was recorded on December 13, 2018.

 

Decisions on government spending and taxation have a direct impact on the economy. Yet fiscal policy is inherently political. Past proposals to create a board— like the Federal Reserve Board — for fiscal policy, that would be comprised of experts

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What is Modern Monetary Theory?

June 7, 2019

The Issue:

Modern Monetary Theory (MMT) has attracted attention, especially among many who see in it a support for greater government spending. Representative Alexandria Ocasio-Cortez (D-NY) says MMT should be “a larger part of the conversation” and Senator Bernie Sanders (I-VT) has drawn on the advice of Professor

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