CV

Time 2022-10-07 13:15:50

Web Name: CV

WebSite: http://www.klenow.com

ID:343448

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CV

Description:

Curriculum Vitae
Pete Klenow

Contact Info

Department of Economics
Stanford University
Stanford, CA 94305-6072

Klenow@Stanford.edu

Education
Bachelor of Science, University ofCalifornia at Berkeley, 1986
Ph.D in Economics, Stanford University, 1991

Employment

2003-present: Professor,Department of Economics, Stanford University.
2000-2003: Senior Economist, Federal Reserve Bank of Minneapolis.
1995-2000: Associate Professor, Graduate School of Business, University ofChicago.
1991-1995: Assistant Professor, Graduate School of Business, University ofChicago.

Working Papers

"Population andWelfare: The Greatest Good for the Greatest Number" (preliminary slides only) with Mohamad Adhami, Mark Bils, and ChadJones, October 2022.

"Good Rents versus BadRents: R&D Misallocation and Growth" with Philippe Aghion, Antonin Bergeaud, Timo Boppart, and Huiyu Li, September 2022. Slides

"Customersand Retail Growth" with Liran Einav, Jon Levin, and Raviv Murciano-Goroff, September 2022.  Slides

"Entry CostsRise with Growth" with Huiyu Li, August2022.  Slides

"Romer orRicardo?"with Chang-Tai Hsieh and Kazuatsu Shimizu, June2022.  Slides

"Raceand Economic Well-Being in the United States" with Jean-Felix Brouillette and Chad Jones, June 2022.  Slides

"A Global View ofCreative Destruction" with Chang-Tai Hsieh and Ishan Nath, May2022.  Slides

RefereedPublications

“A Theory ofFalling Growth and Rising Rents” with Philippe Aghion, Antonin Bergeaud, Timo Boppart, and Huiyu Li, January 2022, conditionally accepted at the Review of Economic Studies.  Slides  Appendix

"The Intensive Marginin Trade: How Big and How Important?" with Ana M. Fernandes, Sergii Meleshchuk, Martha DenissePierola, and Andrés Rodríguez-Clare, February 2022,conditionally accepted at AEJ: Macroeconomics.  Appendix

"Assessing the Gains fromE-Commerce" with Paul Dolfen, Liran Einav, Benjamin Klopack, Jon Levin, Larry Levin and Wayne Best, October2021, forthcoming in AEJ: Macroeconomics.  Slides  Appendix

"Misallocation orMismeasurement?" with Mark Bils and CianRuane, Journal of Monetary Economics 124,November 2021, 39-56.  Slides

"The Allocation of Talent and U.S.Economic Growth" with Chang-Tai Hsieh, Erik Hurstand Chad Jones, Econometrica. 87, September 2019, 1439-1474. Slides (Chad’s 10minute video) 

"How Destructive isInnovation?" with Daniel Garcia-Macia andChang-Tai Hsieh, Econometrica 87, September 2019, 1507-1541.

"MissingGrowth from Creative Destruction" with Philippe Aghion, Antonin Bergeaud, Timo Boppart, and Huiyu Li, American Economic Review 109, August 2019,2795-2822. Appendix

"Resurrecting the Role of theProduct Market Wedge in Recessions" with Mark Bilsand Ben Malin, American Economic Review 108, April 2018,1118-1146.  Appendix

"Beyond GDP? Welfare acrossCountries and Time" with Chad Jones, American Economic Review 106,September 2016, 2426-2457.  Appendix  Dataset

"Real Rigidities and NominalPrice Changes" with Jon Willis, Economica83, July 2016, 443-472.

"The Life Cycle ofPlants in India and Mexico" with Chang-Tai Hsieh, Quarterly Journal of Economics 129, August 2014,1035-1084.

"India’s Mysterious ManufacturingMiracle" with Albert Bollard and Gunjan Sharma, Review of Economic Dynamics 16,January 2013, 59-85.

"Reset Price Inflationand the Impact of Monetary Policy Shocks" with Mark Bils and Benjamin Malin, American EconomicReview 102, October 2012, 2798-2825.

"DevelopmentAccounting" with Chang-Tai Hsieh, AEJ:Macroeconomics 2, January 2010, 207-223.

"Misallocation and Manufacturing TFP inChina and India" with Chang-Tai Hsieh, QuarterlyJournal of Economics 124, November 2009, 1403-1448.  Formula Corrections: Appendix

"State-Dependent or Time-DependentPricing: Does It Matter for Recent U.S. Inflation?" with Oleksiy Kryvtsov, Quarterly Journal ofEconomics 123, August 2008, 863-904. Appendices:  Frequencies  Parameters

"Sticky Information and StickyPrices" with Jon Willis, Journal of MonetaryEconomics 54, September 2007, 79-99.

"Relative Prices and RelativeProsperity" with Chang-Tai Hsieh, AmericanEconomic Review 97, June 2007, 562-585.

"The Variety and Qualityof a Nation's Exports" with David Hummels, AmericanEconomic Review 95, June 2005, 704-723.

"SomeEvidence on the Importance of Sticky Prices" withMark Bils, Journal ofPolitical Economy 112, October 2004,947-985. Data: Appendix Table

"Evidence on Learning and NetworkExternalities in the Diffusion of Home Computers" with Austan Goolsbee, Journal of Law & Economics 45, October 2002,317-344.

"Quantifying Quality Growth"with Mark Bils, AmericanEconomic Review 91, September 2001,1006-1030.

"Does Schooling Cause Growth?"with Mark Bils, AmericanEconomic Review 90, December 2000,1160-1183.

"Ideas vs. Rival Human Capital: IndustryEvidence on Growth Models," Journal ofMonetary Economics 42,August 1998, 3-24.

"Using Consumer Theory to Test CompetingBusiness Cycle Models" with Mark Bils, Journal of Political Economy 106, April 1998,233-261. Data: Tables1-3

"Learning Curves and the CyclicalBehavior of Manufacturing Industries,"Review of Economic Dynamics 1, April 1998, 531-550.

"High-Tech R&D Subsidies:Estimating the Effects of Sematech" withDouglas A. Irwin, Journal of International Economics40, May 1996, 323-344.

"Learning by Doing Spilloversin the Semiconductor Industry" with Douglas A. Irwin, Journal of Political Economy 102, December 1994,1200-1227.

Other Publications

"InnovativeGrowth Accounting" with Huiyu Li, NBER Macroeconomics Annual, 35, 2021,245-295.   Slides

“ImprovedAllocation of Talent Boosts U.S. Economic Growth” with Chang-Tai Hsieh,Erik Hurst, and Chad Jones, Microeconomic Insights,October 2020.

“Innovative GrowthAccounting” with Huiyu Li, Vox EU, August 2020.

Trading Off Consumption andCOVID-19 Deaths, with Robert E. Hall and Charles I. Jones, Federal ReserveBank of Minneapolis Quarterly Review 42,June 2020.  Slides

“IsRising Concentration Hampering Productivity Growth?” with Huiyu Li and Theodore Naff, FederalReserve Bank of San Francisco Economic Letter, November 2019.

“Growthand Well-Being: Policy Should Not Be Based on GDP Alone” with Chad Jones, Microeconomic Insights, September 2018.

"InternetRising, Prices Falling: Measuring Inflation in a World of e-Commerce"with Austan Goolsbee, American Economic Review Papers and Proceedings108, May 2018, 488-492.  LONGERVERSION

“MissingGrowth from Creative Destruction” with Huiyu Li, Federal Reserve Bank of San Francisco Economic Letter,October 2017.

"The ReallocationMyth" with Chang-Tai Hsieh, September 2017, for the Federal ReserveBank of Kansas City Economic Symposium on “Fostering a Dynamic GlobalEconomy.”  GitaGopinath’s discussion  JohnHaltiwanger’s comments  Replyto Haltiwanger

“Missing growth: How imputationand creative destruction affect TFP measurement” with Philippe Aghion,Antonin Bergeaud, Timo Boppart,and Huiyu Li, Vox EU,August 2017.

"Testing for KeynesianLabor Demand" with Mark Bils and Benjamin Malin, NBER MacroeconomicsAnnual 2012, D. Acemoglu, J. Parker and M. Woodford ed., Cambridge,MA: MIT Press, 311-349.

"Microeconomic Evidence onPrice-Setting" with Benjamin Malin, in the Handbook of MonetaryEconomics 3A, B. Friedman and M. Woodford ed.: Elsevier, 2011,231-284.

"Endogenous Variety and the Gainsfrom Trade" with Costas Arkolakis, Svetlana Demidova, and Andrés Rodríguez-Clare, American Economic Review Papers and Proceedings98, May 2008, 444-450.

"Valuing Consumer Products bythe Time Spent Using Them: An Application to the Internet" with Austan Goolsbee, American EconomicReview Papers and Proceedings 96, May 2006, 108-113.

"Externalities andGrowth" with Andrés Rodríguez-Clare, Handbookof Economic Growth, volume 1A, P. Aghion and S. Durlauf,eds., 2005, 817-861 (chapter 11). Data: Panel

"Sticky Prices and Monetary PolicyShocks" with Mark Bils and Oleksiy Kryvtsov, Federal Reserve Bankof Minneapolis Quarterly Review, Winter 2003, 2-9.

"Measuring Consumption Growth: TheImpact of New and Better Products," FederalReserve Bank of Minneapolis Quarterly Review, Winter 2003, 10-23.

"The Acceleration in VarietyGrowth" with Mark Bils, American Economic Review Papers and Proceedings 91, May 2001, 274-280.

"The Neoclassical Revival in GrowthEconomics: Has It Gone Too Far?" with Andrés Rodríguez-Clare, NBER Macroeconomics Annual 1997, B. Bernanke andJ. Rotemberg ed., Cambridge, MA: MIT Press, 73-102.Data: Appendix

"Economic Growth: A Review Essay"with Andrés Rodríguez-Clare, Journal of MonetaryEconomics 40, December 1997, 597-618.

"Industry Innovation: Where andWhy," Carnegie-Rochester Conference Serieson Public Policy 44, June 1996, 125-150.

"Sematech:Purpose and Performance" with Douglas A. Irwin, Proceedings of the National Academy of Sciences93, November 1996, 12739-42.

"The Importance of FederalReserve Credibility: Evidence from the Taylor Model," in Evaluating Policy Regimes, R. Bryant, P. Hooper,and C. Mann ed. Washington, D.C.: Brookings Institution, 1993, 475-93.

Comments and SpecialPresentations

On “Femaleentrepreneurship, financial frictions and capital misallocation in the US”by Marta Morazzoni and Andrea Sy, May 2022.

STEG Lecture on “Misallocation:Recent applications and advances”, May 2021.

Sir Richard Stone Lecture on "Firms and Growth",University of Cambridge, May 2019.  Video and interview

On “MisallocationMeasures: The Distortion that Ate the Residual” by John Haltiwanger,Robert Kulick, and Chad Syverson, February 2018.

Kuznets Lectures on "Firms andGrowth", Yale University, April 2017.

"Misallocation andProductivity", September 2012 talk at the Symposium on Growth andDevelopment, Stockholm, Sweden.

On “WhyDoesn’t Capitalism Flow to Poor Countries?” by Rafael Di Tellaand Robert MacCulloch, in the Brookings Paperson Economic Activity, Spring 2009, 326-329.  SLIDES

On “Big Answersfor Big Questions: The Presumption of Growth Policy” by Abhijit Banerjee,in What Works inDevelopment? Thinking Big and Thinking Small, J. Cohen and W.Easterly ed. Washington, D.C.: Brookings Institution, 2009, 222-226.  SLIDES

"Income Differences AcrossCountries", July 2006 (plenary talk at the Society for EconomicDynamics annual meeting in Vancouver, British Columbia).

On "It's Not Factor Accumulation:Stylized Facts and Growth Models,” by Easterly and Levine, World Bank Economic Review 15, 2001, 221-224.

On "Stronger Protection orTechnological Revolution: What is Behind the Recent Surge in Patenting?” by Kortum and Lerner,Carnegie-Rochester Conference on Public Policy 48, June 1998, 305-309.

On "Measuring Inflation and Real Growth”by Jack Triplett, Federal Reserve Bank of St.Louis Review 79, May/June 1997, 43-46.

Fallow Working Papers

"Human Capital Policy"with James J. Heckman, 1997.

"Quantifying Variety Gainsfrom Trade Liberalization" with Andrés Rodríguez-Clare, 1997.

Professional Activities

Gordon and Betty Moore SeniorFellow, Stanford Institute for EconomicPolicy Research, 2006-present

Dong Wei Faculty Fellow, Stanford King Center on GlobalDevelopment, 2018-2019

NationalBureau of Economic Research (NBER):

·FacultyResearch Fellow, 1996-present

·Co-Directorwith Mark Gertler of the EFG Program, 2013-present

·Co-organizerwith Chad Jones of the Economic Growth group, 2000-2016

IGM Booth EconomicExperts Panel, 2011-present

U.S. Census Bureau SpecialSworn Status Researcher, 2015-present

Visiting Scholar / ResearchAssociate:

·FederalReserve Bank of San Francisco, 2005-present

·FederalReserve Bank of Minneapolis, 1994-1999, 2003-2004, 2006, 2009-present

·FederalReserve Bank of Kansas City, 2004-2006

·Centerfor the Advanced Study in Economic Efficiency, 2010-present

Co-Editor, AER:Insights, 2017-present

Associate Editor:

·Journal of PoliticalEconomy, 2016-2017

·Econometrica, 2012-2017

·Quarterly Journal of Economics, 2008-2014

·Journalof Economic Perspectives,2008-2010

·American Economic Review, 2000-2006

·Review of Economic Dynamics, 2000-2005

·The B.E. Journal in Macroeconomics, 2000-2005

Luohan Academy Distinguished Fellow,2020-present

Intergovernmental PersonnelAssignment, U.S. Bureau ofLabor Statistics, 2001-2015

Macroeconomics ProgramDirector, InternationalGrowth Centre in London, 2009

Visiting Professor, Departmentof Economics, Harvard University, Fall 2008

Microeconomics of GrowthAdvisory Board, World Bank, 2006-2007

Grants and Awards

Landau Professor, Department ofEconomics, Stanford University, 2003-present

Faculty Teaching Award, Departmentof Economics, Stanford University, 2020

Stone Lecture at the Universityof Cambridge, 2019

Kuznets Lecture at YaleUniversity, 2017

National Science Foundationgrant for "The Welfare Effects of E-Commerce and Entry in U.S. Retail,”with Liran Einav and JonLevin, 2017-2019

Member of the American Academyof Arts and Sciences, 2015-present

Fellow of the EconometricSociety, 2014-present

American Economic ReviewExcellence in Refereeing Awards, 2011 and 2013

Quarterly Journal of EconomicsExcellence in Refereeing Award, 2012

Faculty Teaching Award,Department of Economics, Stanford University, 2010

Kauffman Foundation Grant,2007-2009

MBA Teaching Award, GraduateSchool of Business, University of Chicago, 1999

National Science Foundationgrant for "Innovation and Business Cycles,” 1993-1995

Executive MBA Teaching Award,Graduate School of Business, University of Chicago, 1993

Sloan Doctoral DissertationFellowship, 1990-1991

Graduate Teaching AssistantAward, Department of Economics, Stanford University, 1989

October 2022

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