Christina Romer
Christina Duckworth Romer (born Duckworth, born December 25, 1958 in Alton, Illinois) is an American professor of economics at the University of California, Berkeley and was chairman of the Council of Economic Advisers to U.S. President Barack Obama. This office she resigned on 3 September 2010 to return to Berkeley as a lecturer.
After her nomination and before Obama took office as President, Romer was commissioned in 2008 to develop the government's plan to liberate from the recession of the year, they tackled together with the economist Jared Bernstein. In a video presentation they explained in January 2009, details of the labor market program, which the Cabinet Obama submitted to Congress.
Education and academic career
Your education she graduated at the Glen Oak High School in Canton from (Ohio ) in 1977. At the College of William & Mary, she received a bachelor's degree in economics in 1981. Ph.D. your it received from the Massachusetts Institute of Technology (MIT) in 1985. Subsequently, she worked as an assistant professor at Princeton University. In 1988 she moved to the University of California at Berkeley, where she received a full professorship in 1993.
Family
She is married to David Romer, who was her classmate at MIT and now is her colleague at the Faculty of Economics at the University of California. Their offices are adjacent, and they conduct much of their research together. They have three children. With the known growth economist Paul Romer they are not related.
Research
Romer initially compared against macroeconomic volatility and after the Second World War. It showed that much was due from what had been seen as a decrease in volatility in reality through improved data collection, although recessions were rare.
She has also done research on the Great Depression in the United States and how the United States recovered from her. Their work showed that the Great Depression hit the U.S. harder than Europe and there did not have the same causes. Romer showed that fiscal policy played a relatively small role in the recovery from the crisis in the U.S., because the taxes as soon rose almost exactly like the spending during the New Deal. Monetary policy played a major role, first by the depreciation of the dollar against the gold standard 1933-1934, later, when the war in Europe became clear through capital flight from Europe to the United States relative stable.
In her recent work with her husband David Romer, they focus on the effects of tax policy on the growth of government spending and the overall economy in the U.S. 1945-2007, where they do not investigate " endogenous " tax changes that were made to fight recessions or offset the cost of new government spending. They come to the conclusion that " exogenous " tax increases that are made, for example, to reduce a resultant from the past budget deficit, reduce economic growth, albeit to a lesser extent after 1980 than before. Romer and Romer find " no evidence for the hypothesis that tax Bergersen depressions restrict government spending; Tax cuts may even have increased the government spending. The results indicate that the main effect of tax cuts on the government budget is to generate future tax increases. "
Career
She was Vice President of the American Economic Association, received the scholarship John Simon Guggenheim Memorial Foundation Fellowship, is a member of the American Academy of Arts and Sciences and won the award for outstanding teaching at the University of California, Berkeley ( Berkeley Distinguished Teaching Award ). Professor Romer is co-director of the program for monetary policy of the National Bureau of Economic Research ( NBER ), and was a member of the Committee to collect data on business cycles from the NBER, until she resigned from that post in November 2008.
2008 Romer should accept a professorship at Harvard University while her husband should get a position at the Kennedy School of Government at Harvard University. After Harvard President Drew Gilpin Faust, however, had appealed against their appointment a veto, they remained at Berkeley. The decision led to discussions both in the professional world as well as in the press. The reasons for Faust's decision to block Romer's appointment, remain unclear. Has been speculated through resistors of neoclassical economists against their New Keynesian tendencies or a hesitation, trained at MIT professors to engage in Harvard.