Curriculum Vitae
Pete Klenow
Contact Info
Department of Economics
Stanford University
Stanford, CA 94305-6072
Education
Bachelor of Science, University
of California 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 of
Chicago.
1991-1995: Assistant Professor, Graduate School of Business, University of
Chicago.
Refereed Publications
"India’s Mysterious Manufacturing
Miracle" with Albert Bollard and Gunjan
Sharma, Review of
Economic Dynamics 16, January 2013, 59-85.
"Reset
Price Inflation and the Impact of Monetary Policy Shocks" with Mark Bils and Benjamin Malin, American Economic Review 102, October 2012,
2798-2825.
"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. Formula Corrections: Appendix
"State-Dependent or Time-Dependent
Pricing: Does It Matter for Recent U.S. Inflation?" with
Oleksiy Kryvtsov, Quarterly Journal of Economics 123, August 2008,
863-904. Appendices: Frequencies Parameters
"Sticky Information and Sticky
Prices" with Jon 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. Data: Appendix Table
"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.
"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. Data: Tables 1-3
"Learning 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.
Other Publications
"Microeconomic Evidence on Price-Setting" with Benjamin Malin, in the Handbook of Monetary Economics 3A, B. Friedman and M. Woodford ed.: Elsevier, 2011, 231-284.
"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" with Andrés Rodríguez-Clare, Handbook of Economic Growth, volume 1A, P. Aghion and S. Durlauf, eds., 2005, 817-861 (chapter 11). Data: Panel
"Sticky Prices and Monetary Policy
Shocks" with Mark Bils and Oleksiy Kryvtsov, Federal Reserve Bank of Minneapolis Quarterly Review,
Winter 2003, 2-9.
"Measuring Consumption Growth: The
Impact of New and Better Products," Federal
Reserve Bank of Minneapolis Quarterly Review, Winter
2003, 10-23.
"The Acceleration in Variety Growth" with Mark Bils, American Economic Review Papers and Proceedings 91, May 2001, 274-280.
"The 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. Data: Appendix
"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 National Academy of Sciences 93, November 1996, 12739-42.
"The Importance of
Federal Reserve 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
"Misallocation and
Productivity", September 2012 talk at the Symposium on Growth and
Development, Stockholm, Sweden.
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.
SLIDES
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. SLIDES
"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.
Working Papers
"Entry Costs Rise with
Development" with Albert Bollard and Huiyu
Li, April 2013.
"The Allocation of Talent and U.S.
Economic Growth" with Chang-Tai Hsieh, Erik Hurst and Chad Jones,
February 2013.
"Testing
for Keynesian Labor Demand" with Mark Bils and Ben Malin, June 2012,
forthcoming in the NBER Macroeconomics
Annual.
"The Life Cycle of
Plants in India and Mexico" with Chang-Tai Hsieh, May 2012, under
revision for the Quarterly Journal of
Economics.
"Beyond GDP?
Welfare Across Countries and Time" with Chad
Jones, February 2011, under revision for the American Economic Review.
Older Working Papers
"Real Rigidities and Nominal
Price Changes" with Jon Willis, March 2006.
"Human Capital
Policy" with James J. Heckman, 1997.
"Quantifying
Variety Gains from Trade Liberalization" with
Andrés Rodríguez-Clare, 1997.
Professional Activities
Gordon and
Betty Moore Senior Fellow, Stanford
Institute for Economic Policy Research, 2006-present.
IGM Booth Economic Experts Panel, 2011-present.
Intergovernmental Personnel Assignment, U.S. Bureau of Labor Statistics,
2001-present.
Visiting Scholar, Federal Reserve Bank of Minneapolis, 1994-1999, 2003-2004,
2006, 2009-present.
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).
[Economic Fluctuations and Growth,
Monetary Economics, Development Economics]
Co-Director with Mark Gertler of
the NBER Economic Fluctuations and Growth Program, starting July 2013.
Co-organizer with Chad Jones of the NBER group on Economic Growth,
2000-present.
Co-organizer of October 1995, October 2000, February 2004,
February 2009, and July 2013 NBER EFG meetings.
Research Associate, Center for the Advanced Study in Economic
Efficiency, 2010-present.
Associate Editor, Econometrica,
2012-present.
Associate Editor, Quarterly Journal of Economics,
2008-present.
Associate Editor, Journal of Economic Perspectives,
2008-2010.
Board of Editors, American
Economic Review, 2000-2006.
Associate Editor, Review of Economic Dynamics,
2000-2005.
Associate Editor, The
B.E. Journal in Macroeconomics, 2000-2005.
Macroeconomics Programme Director, International Growth Centre in
London, 2009.
Visiting Professor, Department of Economics, Harvard University, Fall 2008.
Microeconomics of Growth Advisory Board, World Bank,
2006-2007.
Grants and Awards
Ralph Landau Chair, Department
of Economics, Stanford University, 2003-present
Quarterly Journal of Economics Excellent in Refereeing Award, 2012
American Economic Review Excellence in Refereeing Award, 2011
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
April 2013