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, research director, and co-executive editor of EconoFact, a website that provides economic analysis on timely policy issues (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.
One of the main concerns raised by critics of President Joe Biden’s Build Back Better plan is that it will drive up inflation, which is already running at the fastest pace in four decades. The Senate is currently considering a roughly US$2 trillion bill passed by the House that would spend money on health care, […]