Details about Thomas Klitgaard

Access statistics for papers by Thomas Klitgaard.

Last updated 2023-03-16. Update your information in the RePEc Author Service.

Short-id: pkl65

Working Papers

2024

1. Can Electric Cars Power China’s Growth?
   Liberty Street Economics, Federal Reserve Bank of New York
2. What Was Up with Grocery Prices?
   Liberty Street Economics, Federal Reserve Bank of New York

2023

3. Assessing the Outlook for Employment across Industries
   Liberty Street Economics, Federal Reserve Bank of New York
4. Spending Down Pandemic Savings Is an “Only-in-the-U.S.” Phenomenon
   Liberty Street Economics, Federal Reserve Bank of New York

2022

5. How Have the Euro Area and U.S. Labor Market Recoveries Differed?
   Liberty Street Economics, Federal Reserve Bank of New York
6. The Disconnect between Productivity and Profits in U.S. Oil and Gas Extraction
   Liberty Street Economics, Federal Reserve Bank of New York

2021

7. How Much Have Consumers Spent on Imports during the Pandemic?
   Liberty Street Economics, Federal Reserve Bank of New York
8. Is the United States Relying on Foreign Investors to Finance Its Bigger Budget Deficit?
   Liberty Street Economics, Federal Reserve Bank of New York
9. What Is behind the Global Jump in Personal Saving during the Pandemic?
   Liberty Street Economics, Federal Reserve Bank of New York View citations (1)

2020

10. Has the Pandemic Reduced U.S. Remittances Going to Latin America?
    Liberty Street Economics, Federal Reserve Bank of New York
11. Japan’s Experience with Yield Curve Control
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
12. Reconsidering the Phase One Trade Deal with China in the Midst of the Pandemic
    Liberty Street Economics, Federal Reserve Bank of New York
13. W(h)ither U.S. Crude Oil Production?
    Liberty Street Economics, Federal Reserve Bank of New York

2019

14. Does a Data Quirk Inflate China’s Travel Services Deficit?
    Liberty Street Economics, Federal Reserve Bank of New York
15. How Has Germany's Economy Been Affected by the Recent Surge in Immigration?
    Liberty Street Economics, Federal Reserve Bank of New York
16. The Perplexing Co-Movement of the Dollar and Oil Prices
    Liberty Street Economics, Federal Reserve Bank of New York View citations (2)
17. Who Pays the Tax on Imports from China?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)

2018

18. Is the United States Relying on Foreign Investors to Fund Its Larger Budget Deficit?
    Liberty Street Economics, Federal Reserve Bank of New York
19. Recycling Oil Revenue
    Liberty Street Economics, Federal Reserve Bank of New York
20. The Evolution of Mexico’s Merchandise Trade Balance
    Liberty Street Economics, Federal Reserve Bank of New York
21. Will Demographic Headwinds Hobble China's Economy?
    Liberty Street Economics, Federal Reserve Bank of New York

2017

22. The End of China's Export Juggernaut
    Liberty Street Economics, Federal Reserve Bank of New York
23. The Need for Very Low Interest Rates in an Era of Subdued Investment Spending
    Liberty Street Economics, Federal Reserve Bank of New York

2016

24. Crisis Chronicles: Gold, Deflation, and the Panic of 1893
    Liberty Street Economics, Federal Reserve Bank of New York
25. Crisis Chronicles: The Long Depression and the Panic of 1873
    Liberty Street Economics, Federal Reserve Bank of New York
26. Inflation and Japan's Ever-Tightening Labor Market
    Liberty Street Economics, Federal Reserve Bank of New York
27. The Rapidly Changing Nature of Japan’s Public Debt
    Liberty Street Economics, Federal Reserve Bank of New York
28. The Turnaround in Private and Public Financial Outflows from China
    Liberty Street Economics, Federal Reserve Bank of New York
29. What Tracks Commodity Prices?
    Liberty Street Economics, Federal Reserve Bank of New York

2015

30. Crisis Chronicles: Defensive Suspension and the Panic of 1857
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
31. Crisis Chronicles: The Man on the Twenty-Dollar Bill and the Panic of 1837
    Liberty Street Economics, Federal Reserve Bank of New York
32. Do Asset Purchase Programs Push Capital Abroad?
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
33. Falling Oil Prices and Global Saving
    Liberty Street Economics, Federal Reserve Bank of New York
34. The Importance of Commodity Prices in Understanding U.S. Import Prices and Inflation
    Liberty Street Economics, Federal Reserve Bank of New York

2014

35. Comparing U.S. and Euro Area Unemployment Rates
    Liberty Street Economics, Federal Reserve Bank of New York
36. Demographic Trends and Growth in Japan and the United States
    Liberty Street Economics, Federal Reserve Bank of New York
37. High Unemployment and Disinflation in the Euro Area Periphery Countries
    Liberty Street Economics, Federal Reserve Bank of New York View citations (2)
38. The Declining U.S. Reliance on Foreign Investors
    Liberty Street Economics, Federal Reserve Bank of New York

2013

39. Capital Flight inside the Euro Area: Cooling Off a Fire Sale
    Liberty Street Economics, Federal Reserve Bank of New York
40. Foreign Borrowing in the Euro Area Periphery: The End Is Near
    Liberty Street Economics, Federal Reserve Bank of New York
41. Japan’s Missing Wall of Money
    Liberty Street Economics, Federal Reserve Bank of New York

2012

42. Euro Area Spending Imbalances and the Sovereign Debt Crisis
    Liberty Street Economics, Federal Reserve Bank of New York
43. Income Flows from U.S. Foreign Assets and Liabilities
    Liberty Street Economics, Federal Reserve Bank of New York
44. The Different Paths of Greece and Spain to High Unemployment
    Liberty Street Economics, Federal Reserve Bank of New York

2011

45. Central Bank Imbalances in the Euro Area
    Liberty Street Economics, Federal Reserve Bank of New York
46. The Vanishing U.S.-E.U. Employment Gap
    Liberty Street Economics, Federal Reserve Bank of New York View citations (1)
47. Would a Stronger Renminbi Narrow the U.S.-China Trade Imbalance?
    Liberty Street Economics, Federal Reserve Bank of New York

2006

48. Borrowing without debt? Understanding the U.S. international investment position
    Staff Reports, Federal Reserve Bank of New York View citations (25)

1992

49. U.S. imports in the 1980s: some insights from a disaggregate analysis
    Research Paper, Federal Reserve Bank of New York

1988

50. Managing exchange rates: the experience of the European monetary system
    Research Paper, Federal Reserve Bank of New York

Journal Articles

2014

1. The balance of payments crisis in the euro area periphery
   Current Issues in Economics and Finance, 2014, 20 View citations (9)

2011

2. Saving imbalances and the euro area sovereign debt crisis
   Current Issues in Economics and Finance, 2011, 17, (Sept) View citations (17)

2009

3. Grandeur et décadence de l’accumulation d’actifs étrangers: causes et conséquences
   Revue d'Économie Financière, 2009, 9, (1), 189-205
4. The Rise and Fall of Sovereign Wealth Accumulation: Causes and Consequences
   Revue d'Économie Financière, 2009, 9, (1), 179-193

2007

5. Borrowing Without Debt? Understanding the U.S. International Investment Position
   Business Economics, 2007, 42, (1), 17-27 View citations (4)
6. Financial globalization and the U.S. current account deficit
   Current Issues in Economics and Finance, 2007, 13, (Dec) View citations (3)

2006

7. Recycling petrodollars
   Current Issues in Economics and Finance, 2006, 12, (Dec) View citations (21)

2005

8. The income implications of rising U.S. international liabilities
   Current Issues in Economics and Finance, 2005, 11, (Dec) View citations (36)

2004

9. Exchange rate changes and net positions of speculators in the futures market
   Economic Policy Review, 2004, (May), 17-28 View citations (54)
10. Reserve accumulation: implications for global capital flows and financial markets
    Current Issues in Economics and Finance, 2004, 10, (Sep) View citations (41)

2002

11. Live long and prosper: challenges ahead for an aging population
    Current Issues in Economics and Finance, 2002, 8, (Feb) View citations (1)

2000

12. Asia's trade performance after the currency crisis
    Economic Policy Review, 2000, (Sep), 37-49 View citations (5)
13. Lowering electricity prices through deregulation
    Current Issues in Economics and Finance, 2000, 6, (Dec) View citations (2)
14. Overview of the volume; Special issue: lessons from recent crises in Asian and other emerging markets
    Economic Policy Review, 2000, (Sep), 1-2

1999

15. Exchange rates and profit margins: the case of Japanese exporters
    Economic Policy Review, 1999, 5, (Apr), 41-54 View citations (26)

1998

16. Evaluating the price competitiveness of U.S. exports
    Current Issues in Economics and Finance, 1998, 4, (Feb) View citations (4)
17. Free versus fair trade: the dumping issue
    Current Issues in Economics and Finance, 1998, 4, (Aug) View citations (6)
18. Viewing the current account deficit as a capital inflow
    Current Issues in Economics and Finance, 1998, 4, (Dec) View citations (14)

1997

19. The growing U.S. trade imbalance with China
    Current Issues in Economics and Finance, 1997, 3, (May) View citations (1)

1996

20. Coping with the rising yen: Japan's recent export experience
    Current Issues in Economics and Finance, 1996, 2, (Jan) View citations (2)

1995

21. Colloquium on U.S. wage trends in the 1980s: morning session: summary of discussion
    Economic Policy Review, 1995, (Jan), 33-34

1994

22. In brief: understanding the rising Japanese trade surplus
    Quarterly Review, 1994, 19, (Spr), 34-37

1993

23. The dollar and U.S. imports after 1985
    Quarterly Review, 1993, 18, (Aut), 20-36

1988

24. In brief: economic capsules--U.S. trade with Taiwan and South Korea
    Quarterly Review, 1988, 13, (Aut), 60-66

1987

25. Exploring the effects of capital movements on M1 and the economy
    Quarterly Review, 1987, 12, (Sum), 21-31

1984

26. Oil merger worries
    FRBSF Economic Letter, 1984, (jul20)

1983

27. Are markets really efficient?
    FRBSF Economic Letter, 1983, (sep30)
28. Delayed availability
    FRBSF Economic Letter, 1983, (mar11)
29. Inventories and the recovery
    FRBSF Economic Letter, 1983, (sep16)
30. Space age monetary theory
    FRBSF Economic Letter, 1983, (oct28)
31. The whys of automobile discounts
    FRBSF Economic Letter, 1983, (apr15)
32. Year of reckoning
    FRBSF Economic Letter, 1983, (sep2)