22 Facts About Christina Romer

Christina Duckworth Romer is 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.

Christina Romer resigned from her role on the Council of Economic Advisers on September 3,2010.

Christina Romer graduated from GlenOak High School in Canton, Ohio in June 1977.

Christina Romer showed that much of what had appeared to be a decrease in volatility was due to better economic data collection, although recessions have become less frequent over time.

Christina Romer has researched the causes of the Great Depression in the United States and how the US recovered from the depression.

Christina Romer's work showed that the Great Depression occurred more severely in the US than in Europe, and had somewhat different causes than the Great Depression in Europe.

Christina Romer showed that New Deal fiscal policy measures, though innovative, were very insufficient, and dwarfed by Hoover's tax increase two years earlier.

Christina Romer has done extensive work on fiscal and monetary policy from the Great Depression to the present, using notes from the meetings of the Federal Open Market Committee and the materials prepared by Fed staff to study how the Federal Reserve makes its decisions.

Christina Romer's work suggests that some of the credit for the relatively stable economic growth in the 1950s should lie with good policy made by the Federal Reserve, and that the members of the FOMC could at times have made better decisions by relying more closely on forecasts made by the Fed professional staff.

Christina Romer is a former vice president of the American Economic Association, a John Simon Guggenheim Memorial Foundation Fellowship recipient, a fellow of the American Academy of Arts and Sciences, a winner of the Berkeley Distinguished Teaching Award, and a winner of the Council for Economic Education's Visionary Award.

Professor Christina Romer is co-director of the Program in Monetary Economics at the National Bureau of Economic Research, and was a member of the NBER Business Cycle Dating Committee until she resigned from this position on November 25,2008.

Christina Romer rejoined the NBER Business Cycle Dating Committee in 2010, and still serves in this position, alongside her husband.

In 2008 Christina Romer was set to join the Harvard faculty of economics, while her husband was offered a position at the university's Kennedy School of Government.

Christina Romer's decision resulted in substantial discussion within the discipline and in the mass media.

The motivations for Faust's decision to block Christina Romer's appointment remain unclear, though speculation has focused on an opposition among "New Classical" economists to her "New Keynesian" tendencies, or a reluctance to appoint MIT-trained faculty at Harvard.

Today, Christina Romer is a professor at the University of California Berkeley Department of Economics.

Christina Romer was approached by the Obama transition team in November 2008 about the position of CEA chair because of her deep knowledge of the Great Depression.

Christina Romer calculated that a $1.8-trillion package was necessary to fill the output gap, but Summers rejected the proposal and opted not to include it in the memo fearing that a trillion-dollar package would not pass through Congress.

Christina Romer left the CEA to return to the University of California at Berkeley in September 2010, saying her departure from the Obama administration was timed so that her youngest child could begin high school in Berkeley.

In late October 2011, Christina Romer published an editorial in The New York Times calling upon Federal Reserve Chair Ben Bernanke to begin targeting nominal GDP, citing arguments made by economists Greg Mankiw, Robert Hall, and Scott Sumner.

Christina Romer is married to David Romer, her classmate at MIT and her colleague in the economics department at University of California, Berkeley.

Christina Romer is not related to Paul Romer, the economist famous for his work on endogenous growth theory, although she has a son with the same name.