David Romer

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David Romer (born March 13, 1958 ) is the Herman Royer Professor of Political Economy at the University of California, Berkeley , the author of a standard academic work on macroeconomics and many influential economic writings. He is a co-founder of New Keynesianism . He is also the husband and close associate of the former Chair of the Council of Economic Advisers , Christina Romer .

Education path and early career

Romer received his bachelor's degree from Princeton University in 1980, graduating with the best of his class, and worked as a Junior Staff Economist for the Council of Economic Advisers in 1980/82 before completing his Ph.D. at the Massachusetts Institute of Technology , which he graduated in 1985. His bachelor orthesis was published in the renowned 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, and was promoted to full professor there in 1993.

research

Romer's early research made him one of the spokesmen for New Keynesianism.

In more recent publications, Romer has worked with Christina Romer on fiscal and monetary policy from the 1950s to the present, using notes from the Federal Open Market Committee (FOMC) and Fed-provided material to understand how the Federal Reserve did theirs Make decisions. His work suggests that the Federal Reserve's good policies should have a share in the merit of relatively stable economic growth in the 1950s, and that FOMC members could have made better decisions from time to time if they had been more focused on predictions, which had been prepared by professional staff at the Fed.

The Romers have recently started to study the influence of tax policy on the state and general economic growth. This paper examines the historical record of US tax changes from 1945 to 2007, excluding "endogenous" tax changes that were made to combat recessions or offset government spending. Their studies have now found that “exogenous” tax increases, for example to reduce inherited budget deficits, reduce economic growth (but less strongly after 1980 than before). Romer and Romer also argue that “there is no evidence to support the hypothesis that tax cuts limit government spending; in fact […] tax cuts can increase spending. The results also indicate that the main effect of tax cuts on the government budget is to bring about subsequent statutory tax increases. "

However, David Romer has also written on subjects a little unusual for macroeconomists, such as: B. Like “Do students go to class? Should You? ”And“ Maximize Business? Evidence from professional [American] football. "

Professional background

He is a member of the governing body of the American Economic Association , a recipient of a research fellowship from the Alfred P. Sloan Foundation ( Sloan Research Fellowship ), a partner of the American Academy of Arts and Sciences , and a three-year beneficiary of prestigious teaching and consulting awards from Berkeley's Graduate Economic Association. Romer is a co-director of the Program in Monetary Economics at the National Bureau of Economic Research and a member of the Business Cycle Dating Committee.

He is the author of Advanced Macroeconomics , a standard academic writing on macroeconomics, and he is an editor of Brookings Papers on Economic Activity . In addition, Romer was elected to the American Academy of Arts and Sciences in 2006.

family

He is married to Christina Romer , who is his colleague in the economics department at the University of California, Berkeley . Both work together on much of their research. They have three children together.

The economist Gregory Mankiw was David Romer's best man.

Web links

Individual evidence

  1. ↑ Christina Romer, David Romer: A Rehabilitation of Monetary Policy in the 1950's. (PDF; 140 KB) Retrieved August 18, 2018 .
  2. ↑ Christina Romer, David Romer: The FOMC versus the Staff: Where Can Monetary Policymakers Add Value? (PDF; 480 KB) Retrieved August 18, 2018 .
  3. ↑ Christina Romer, David Romer: The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks. (PDF; 1.8 MB) Retrieved August 18, 2018 .
  4. ↑ Christina Romer, David Romer: Do Tax Cuts Starve the Beast? The Effect of Tax Changes on Government Spending. (PDF; 974 MB) Retrieved August 18, 2018 .
  5. ↑ David Romer's curriculum vitae including a list of publications
  6. ^ Greg Garber: Fourth-down analysis met with skepticism. In: espn.com. November 1, 2002, accessed August 18, 2018 .
  7. ^ The NBER's Recession Dating Procedure . Retrieved December 19, 2010.
  8. ^ David Romer: Advanced Macroeconomics . McGraw-Hill , New York 1996, ISBN 0-07-053667-8 .
  9. ↑ Berkeley Couple Tackle Top Fiscal Issues of the Day . Archived from the original on February 15, 2009. Retrieved on December 18, 2010.
  10. ^ Greg Mankiw: The IS-LM Model . May 30, 2006. Retrieved December 30, 2008.
  11. ↑ Lisa Lerer: Who is Christina Romer? . Politico.com. November 26, 2008. Retrieved December 30, 2008.
personal data
SURNAME Romer, David
ALTERNATIVE NAMES Romer, David Hibbins
BRIEF DESCRIPTION American economist, Professor of Political Economy at the University of California, Berkeley
DATE OF BIRTH March 13, 1958