Portrait of Tom Willett

Thomas Willett’s research team helped the Central Bank of Korea develop strategies to deal with potentially disruptive surges in international capital flows.

Willett is the Horton Professor of Economics and director of the Claremont Institute for Economic Studies in the Department of Economic Sciences at Claremont Graduate University and Claremont McKenna College. His research specializations include international and monetary economics, political economy, economic policy, international financial crises and public choice, and analysis of national and international economic policies. A major facet of his professional activity has been to improve the dialogue between economists and political scientists.

Willett holds a PhD in Economics from the University of Virginia and a bachelor’s degree, with a double major in Economics and Mathematics, from the College of William and Mary. He has taught and lectured at many academic institutions, including the College of William and Mary, the University of Virginia, Harvard University, Tufts University, Cornell University, Johns Hopkins University, Claremont McKenna College, and CGU.

Willett is the former head of the International Research Department at the U.S. Treasury. He has served as a member and secretary of the president-elect’s task force on balance of payments policy (1968), as a consultant to the office of the Secretary of the Treasury (1970–1972), and as a consultant to the Council of Economic Advisors (1969–1971). He conducted research as a visiting scholar at the International Monetary Fund in 2001. He has also served as economics editor of Public Policy, as co-editor of Economic Inquiry, and as editor of a series, The Political Economy of Global Interdependence, published by Westview Press.

As for his own publications, Willett is the author or co-author of nine books and pamphlets and the editor of 18 more. He also has 200 authored and co-authored articles in journals and books.

“Policy Inconsistencies and the Political Economy of Currency Crises: An Agenda for Research.” Journal of International Commerce, Economics, and Policy, Forthcoming

Co-authored with Priscilla Liang. “Chinese Stocks during 2000–2013:Bubbles and Busts or Fundamentals?” The Chinese Economy 48, no. 3 (2015): 199–214.

Co-authored with Eric M. P. Chiu and Stefanie Walter. “Fixed Exchange Rates and Financial Markets as Sources of Macroeconomic Disciplines.” In Handbook of International Monetary Relations, edited by Thomas Oatley, 285–303. Cheltenham, UK: Edward Elgar Publishing, 2015.

Co-authored with Richard C. K. Burdekin. “Introduction: China’s Financial Sector Development and Global Presence.” The Chinese Economy 48, no. 3 (2015) 173-75.

“Introduction: Global Imbalances and Financial Stability.” Global Economic Review 41, no. 4 (2012): 293–97.

Ed., “The Global Financial Crisis and Korea’s International Financial Policies.”Washington, DC: Korean Economic Institute, 2009.

International Money & Finance
Advanced Topics in International Money & Finance
Seminar in International Political Economy
Advanced Topics in International Political Economy
Behavioral Finance
China & the Global Economy
Macroeconomics
The World Economy
International Money & Finance