Christina Romer is a renowned Professor of Economics, currently teaching at University of California Berkley. She is currently serving as the co-director of the Program in Monetary Economics at the National Bureau of Economic Research. She previously chaired the Council of Economic Advisers for a period during the Obama Administration, specifically due to her previous research and understanding of the Great Depression. Other research interests of hers include effects of fiscal policy, monetary shocks, and short run fluctuations over the 20th century. She has written for many journals and is regarded as one of the preeminent macro-economists.
Christina's work as an economist is very important. Her assistance in the Obama administration's navigation of the time after the financial crisis as well her work as a researcher and professor is both renowned and respected. Additionally, her published work has been important in both educational and professional utilizations. While I did not know about Christina before she was assigned as my alias, I had heard about the Council of Economic Advisers. I believe that her work is relevant to this class as her work can be applied in the framework of organizations, not just theoretically or in a governmental setting.
https://blogs.wsj.com/economics/2008/11/24/who-is-christina-romer/
http://www.politico.com/story/2008/11/who-is-christina-romer-016032
https://www.econ.berkeley.edu/faculty/847
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/05/AR2010080506682.html
Christina's work as an economist is very important. Her assistance in the Obama administration's navigation of the time after the financial crisis as well her work as a researcher and professor is both renowned and respected. Additionally, her published work has been important in both educational and professional utilizations. While I did not know about Christina before she was assigned as my alias, I had heard about the Council of Economic Advisers. I believe that her work is relevant to this class as her work can be applied in the framework of organizations, not just theoretically or in a governmental setting.
https://blogs.wsj.com/economics/2008/11/24/who-is-christina-romer/
http://www.politico.com/story/2008/11/who-is-christina-romer-016032
https://www.econ.berkeley.edu/faculty/847
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/05/AR2010080506682.html
Romer is an excellent economist but I'm afraid that as chair of the Council she also needed to be an excellent politician, and in that dimension she was either less adept or other voices drowned out her wisdom. In particular, there was an issue both of the composition and the magnitude of the stimulus package that went into effect soon after President Obama took office, in early 2009. The stimulus was a mixture of spending programs and tax cuts, with Romer wanting the composition to be more of the former. In magnitude it was about $700 billion. Romer wanted something about 50% larger. Neither of those happened. It is said that she competed with Larry Summers for the President's attention and that what did happen was more in accord with Summers' view.
ReplyDelete