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.

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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The Distributional Effects of Fiscal Policy (VIDEO)

April 28, 2019

In this video, William G. Gale of The Brookings Institution, and EconoFact co-founder Michael Klein discuss the distributional effects of fiscal policy and the progressivity of the US tax system. 

The combination of tax and spending policies in the United States is progressive - but less so than in major European
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How Fast Did the Economy Grow Last Year?

March 5, 2019

The Issue:

The growth of Gross Domestic Product (GDP) is one of the most visible measures of economic performance. There are concerns with GDP as a measure of well-being: for example, it does not include non-market production that people value (such as parents caring for children or charitable work) nor does it

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What Information Does the Yield Curve Yield? (UPDATED)

December 6, 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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