Christina Romer
Christina Romer
Christina Duckworth Romeris the Class of 1957 Garff B. Wilson Professor of Economics at the University of California, Berkeley and a former Chair of the Council of Economic Advisers in the Obama administration. She resigned from her role on the Council of Economic Advisers on September 3, 2010...
NationalityAmerican
ProfessionTeacher
Date of Birth25 December 1958
CityAlton, IL
CountryUnited States of America
mean people taxes
Fewer people working means permanently lower tax revenues.
writing thinking would-be
I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do.
people helping firm
Making labor less expensive helps firms hire people.
voters details honest
Honest talk about the deficit is risky. Voters are more enthusiastic about the abstract notion of deficit reduction than about the painful details of accomplishing it.
fall turkeys office
Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.
oil going-away climate
Climate change and dependence on foreign oil are problems that won't go away on their own. Tabling plans to deal with them doesn't make it easier for companies to plan and invest; it makes it harder.
war winning class
As an economic historian, I appreciate what manufacturing has contributed to the United States. It was the engine of growth that allowed us to win two world wars and provided millions of families with a ticket to the middle class. But public policy needs to go beyond sentiment and history.
team president months
As a former member of President Obama's economic team, I have a soft spot for the fiscal stimulus legislation he signed just a month after his inauguration.
real successful government
A successful argument for a government manufacturing policy has to go beyond the feeling that it's better to produce 'real things' than services. American consumers value health care and haircuts as much as washing machines and hair dryers.
thinking needs way
A natural way that an economist approaches a problem is to say, here's where I think the economy is going; this is what we need to deal with the problem.
people suffering needs
You care about the deficit because it allows you to do things you need to do to help people who are suffering.
light keys drunk
There's a joke in economics about the drunk who loses his keys in the street but only looks for them under the lightposts. When asked why, he says, 'because that's where the light is.' That's the problem with the deficit.
government competition wages
Many of my students assume that government protection is the only thing ensuring decent wages for most American workers. But basic economics shows that competition between employers for workers can be very effective at preventing businesses from misbehaving.