Christina Romer discusses the Obama administration's integrated economic recovery strategy with particular focus on the importance of a healthy credit market in promoting U.S. recovery and future economic growth.
She says this package is important for stimulating job creation and investing in the U.S.'s infrastructure, but comprehensive economic recovery also includes the financial stability plan announced by U.S. Treasury Secretary Tim Geithner, designed to open up the flow of credit that families and businesses depend on in the course of their everyday lives.
Dr. Christina Romer
Christina Romer is former Chair of the Council of Economic Advisers for the Obama Administration.
Romer now serves as the Class of 1957-Garff B. Wilson Professor of Economics at the University of California Berkeley. Before teaching at Berkeley, she taught economics and public affairs at Princeton University from 1985-1988.
Until her nomination, she was co-director of the Program in Monetary Economics at the National Bureau of Economic Research and served as Vice President of the American Economic Association, where she was also a member of the executive committee. She is also a fellow of the American Academy of Arts and Sciences.
Romer is known for her research on the causes and recovery of the Great Depression, and on the role that fiscal and monetary policy played in the country’s economic recovery. Her most recent work, authored with her husband David Romer, also an economics professor, shows the impact of tax policy on government and economic growth.
Her working papers include "A Narrative Analysis of Postwar Tax Changes," "Do Tax Cuts Starve the Beast? The Effect of Tax Changes on Government Spending," and "The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks."
Romer is the recipient of a John Simon Guggenheim Memorial Foundation Fellowship, an Alfred P. Sloan Research Fellowship, the National Science Foundation Presidential Young Investigator Award, and the Distinguished Teaching Award at Berkeley.
Romer was born on December 25, 1958, in Alton, Ill., and received her Ph.D. from the Massachusetts Institute of Technology in 1985. She is married and has three children.