David Romer
David Romer ( born March 13, 1958) is the Herman Royer Professor of Political Economy at the University of California, Berkeley, the author of an academic standard work of macroeconomics, as well as many influential economic writings, especially in the field of New Keynesianism. In addition, he is the husband and close associate of the former Chairman of the Council of Economic Advisers, Christina Romer.
Education and early career
Romer in 1980 he received his bachelor's degree at Princeton University, conclusive as valedictorian, and worked 1980/82 as " Junior Staff Economist " for the Council of Economic Advisers, before he and his Ph.D. began at the Massachusetts Institute of Technology, where he graduated in 1985. His bachelor thesis was published in the prestigious journal "Review of Economics and Statistics ". After completing his doctorate, he started as an assistant professor at Princeton University. In 1988 he moved to the University of California, Berkeley, where he was promoted to full professor in 1993.
Research
Romer's early research work made him one of the leaders of the neo-Keynesianism.
In recent publications Romer has worked with Christina Romer on the budgetary and monetary policies of the 1950s to the present, where he used notes of the Federal Open Market Committee (FOMC ), and -provided by the Fed material in order to understand how the Federal Reserve decisions meets. His work suggests that the good policies of the Federal Reserve plays share in the merit of relatively stable economic growth in the 1950s, and that the members of the FOMC of time would have better choices to time you may meet when they focus more on the predictions, which had been developed by professional staff of the Fed, would leave.
Most recently, the Romers deal with the influence of fiscal policy at the state and general economic growth. This work looks at the historical record of U.S. tax changes in the period 1945-2007, but excluding " endogenous " tax changes which were carried out in order to fight recessions or compensate for government spending. Their studies have now found that to reduce the " exogenous " tax increases, for example, inherited budget deficits, economic growth reduce (but after 1980 less than before). Romer and Romer my, moreover, that there is " no evidence for the hypothesis that tax cuts restrict government spending, . Actually [ ... ] can tax cuts increase spending The results also indicate that the main effect of tax cuts on the government budget consists in bringing about recent legal tax increases. "
David Romer, however, has written a little unusual themes also for macroeconomists, for example, such as " Go to school students? Should you? "And " Maximize business? Evidence from professional football. "
Professional career
He is a member of the board of the American Economic Association, the recipient of a research fellowship from the Alfred P. Sloan Foundation, a partner of the American Academy of Arts and Sciences, and for three years the prestigious awards beneficiary for teaching and consulting of Berkeley's Graduate Economic Association. Professor Romer is co-director of "Program in Monetary Economics " at the National Bureau of Economic Research, and is a member of the Business Cycle Dating Committee.
He is the author of " Advanced Macroeconomics ", an academic standard font macroeconomics, and he is an editor of " Brookings Papers on Economic Activity ."
Family
He is married to Christina Romer, who is his colleague in the Department of Economics and the University of California, Berkeley. Both work together in the majority of their research. Together they have three children.
The economist Gregory Mankiw, David Romer's best man.