Peter J. Klenow
Stanford, CA 94305-6072
Ph.D in Economics, Stanford University, 1991.
Bachelor of Science, University of California at Berkeley, 1986.
Professor, Department of Economics,
Senior Economist, Federal Reserve Bank of
Associate Professor, Graduate
Assistant Professor, Graduate
"Development Accounting" with Chang-Tai Hsieh, American Economic Journal: Macroeconomics 2, January 2010, 207-223.
"Misallocation and Manufacturing TFP in China and India," with Chang-Tai Hsieh, Quarterly Journal of Economics 124, November 2009, 1403-1448.
"State-Dependent vs. Time-Dependent Pricing: Does It Matter for Recent U.S. Inflation?" with Oleksiy Kryvtsov, Quarterly Journal of Economics 123, August 2008, 863-904.
"Sticky Information and Sticky Prices" with Jonathan Willis, Journal of Monetary Economics 54, September 2007, 79-99.
"Relative Prices and Relative Prosperity" with Chang-Tai Hsieh, American Economic Review 97, June 2007, 562-585.
"The Variety and Quality of a Nation's Exports" with David Hummels, American Economic Review 95, June 2005, 704-723.
"Some Evidence on the Importance of Sticky Prices" with Mark Bils, Journal of Political Economy 112, October 2004, 947-985.
"Evidence on Learning and Network Externalities in the Diffusion of Home Computers" with Austan Goolsbee, Journal of Law & Economics 45, October 2002, 317-344.
"Quantifying Quality Growth" with Mark Bils, American Economic Review 91, September 2001, 1006-1030.
"Does Schooling Cause Growth?" with Mark Bils, American Economic Review 90, December 2000, 1160-1183.Intergovernmental Personnel Assignment, Bureau of Labor Statistics, 2001-present.
"Ideas vs. Rival Human Capital: Industry Evidence on Growth Models," Journal of Monetary Economics 42, August 1998, 3-24.
"Using Consumer Theory to Test Competing Business Cycle Models" with Mark Bils, Journal of Political Economy 106, April 1998, 233-261.
Curves and the Cyclical Behavior of Manufacturing Industries," Review of
Economic Dynamics 1, April 1998, 531-550.
"High-Tech R&D Subsidies: Estimating the Effects of Sematech" with Douglas A. Irwin, Journal of International Economics 40, May 1996, 323-344.
"Learning by Doing Spillovers in the Semiconductor Industry," with Douglas A. Irwin, Journal of Political Economy 102, December 1994, 1200-1227.
"Endogenous Variety and the Gains from Trade" with Costas Arkolakis, Svetlana Demidova, and Andrés Rodríguez-Clare, American Economic Review Papers and Proceedings 98, May 2008, 444-450.
"Valuing Consumer Products by the Time Spent Using Them: An Application to the Internet" with Austan Goolsbee, American Economic Review Papers and Proceedings 96, May 2006, 108-113.
"Externalities and Growth" Externalities and Growth" with Andrés Rodríguez-Clare, Handbook of Economic Growth, volume 1A, P. Aghion and S. Durlauf, eds., 2005, 817-861 (chapter 11).
"Sticky Prices and Monetary Policy Shocks" with Mark Bils and Oleksiy Kryvtsov, Federal Reserve Bank of Minneapolis Quarterly Review, Winter 2003, 2-9.
Consumption Growth: The Impact of New and Better Products," Federal
Reserve Bank of
"The Acceleration in Variety Growth" with Mark Bils, American Economic Review Papers and Proceedings 91, May 2001, 274-280.
Neoclassical Revival in Growth Economics: Has It Gone Too Far?" with Andrés Rodríguez-Clare, NBER
Macroeconomics Annual 1997, B. Bernanke and J. Rotemberg
ed., Cambridge, MA: MIT Press, 73-102.
"Economic Growth: A Review Essay" with Andrés Rodríguez-Clare, Journal of Monetary Economics 40, December 1997, 597-618.
"Industry Innovation: Where and Why," Carnegie-Rochester Conference Series on Public Policy 44, June 1996, 125-150.
"Sematech: Purpose and Performance," with Douglas A.
Irwin, Proceedings of the
Importance of Federal Reserve Credibility: Evidence from the Taylor
in Evaluating Policy Regimes, R. Bryant,
P. Hooper, and C. Mann ed.
On "Why Doesn’t Capitalism Flow to Poor Countries” by Rafael Di Tella and Robert MacCulloch, in the Brookings Papers on Economic Activity, Spring 2009, 326-329.
On "Big Answers for Big Questions: The Presumption of Growth Policy,” by Abhijit Banerjee, in What Works in Development? Thinking Big and Thinking Small, J. Cohen and W. Easterly ed. Washington, D.C.: Brookings Institution, 2009, 222-226.
"Income Differences Across Countries", July 2006 (plenary talk at the Society for Economic Dynamics 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 or Technological 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.
“Beyond GDP? Welfare Across Countries and Time” with Chad Jones, September 2010.
"Microeconomic Evidence on Price-Setting" with Benjamin Malin, forthcoming in the Handbook of Monetary Economics, September 2010 draft.
“India’s Mysterious Manufacturing Miracle,” with Albert Bollard and Gunjan Sharma, September 2010.
"Reset Price Inflation and the Impact of Monetary Policy Shocks" with Mark Bils and Benjamin Malin, February 2009. Under revision for the American Economic Review.
"Real Rigidities and Nominal Price Changes" with Jon Willis, March 2006.
Gordon and Betty Moore Fellow, Stanford Institute for Economic Policy Research, 2006-present.
Intergovernmental Personnel Assignment, U.S. Bureau of Labor Statistics, 2001-present.
Microeconomics of Growth Advisory Board, World Bank, 2006-2007.
Visiting Scholar, Federal Reserve Bank of Minneapolis, 1994-1999, 2003-2004, 2006, 2009, 2010.
Visiting Scholar, Federal Reserve Bank of San Francisco, 2005-present.
Visiting Scholar, Federal Reserve Bank of Kansas City, 2004-2006.
NBER Research Associate 2003-present (Faculty Research Fellow, 1997-2003).
Co-organizer with Chad Jones of the NBER group on Economic Growth, 2000-present.
Co-organizer of October 1995, October 2000, February 2004, and February 2009 NBER EFG meetings.
Research Associate, Center for the Advanced Study in Economic Efficiency, 2010-present.
Associate Editor, Quarterly Journal of Economics, 2008-present
Associate Editor, Journal of Economic Perspectives, 2008-present.
Associate Editor, Review of Economic Dynamics, 2000-2005.
Associate Editor, The B.E. Journal in Macroeconomics, 2000-2005.
Board of Editors, American Economic Review, 2000-2006.
Macroeconomics Programme Director, International Growth Centre in London, 2009.
Visiting Professor, Department of Economics, Harvard University, Fall 2008.
Grants and Awards
Ralph Landau Chair, Department of Economics, Stanford University, 2003-present
Faculty Teaching Award, Department of Economics, Stanford University, 2010
Kauffman Foundation Grant, 2007-2009
MBA Teaching Award, Graduate School of Business, University of Chicago, 1999
National Science Foundation grant for "Innovation and Business Cycles,” 1993-1995
Executive MBA Teaching Award, Graduate School of Business, University of Chicago, 1993
Sloan Doctoral Dissertation Fellowship, 1990-1991
Graduate Teaching Assistant Award, Department of Economics, Stanford University, 1989