Christina Romer
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Travels From: California

Fee: 5

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Christina Romer

Chair, Council of Economic Advisers (2009-2010) and Professor of Economics, University of California, Berkeley and Contributing Editor, Bloomberg News

One of the world's leading scholars on economic crises—and how to solve them—and a key adviser to President Obama through the economic crisis, Christina Romer provides a perspective on what's ahead for the economy and the choices policymakers face in addressing today's economic challenges.

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The Aftermath of Financial Crises: What Happens and Why?

Following the 2008 financial crisis, a somewhat pessimistic narrative took hold—the aftermath of crises is always terrible. In truth, new research shows that the aftermath of crises is highly variable. Some aftermaths are truly awful, but some are remarkably benign. The talk explores the source of this variation across time and countries. It shows that the willingness and ability of governments to use economic policy is a crucial determinant of just how much damage a financial crisis does to the overall economy.

The Macroeconomic Effects of Tax Changes: Lessons From History and Implications for Today

How do tax cuts affect the macroeconomy? Do they cause a temporary boom, increase long-run growth, or mainly increase the deficit? The talk will describe the consensus of the empirical evidence on this important topic, and discuss historical case studies such as the Reagan tax cuts of the early 1980s and the dramatic changes in marginal tax rates in the 1920s and 1930s. Based on this information, it will probe the likely effects of the most recent tax cut.

In the Wake of Disaster: The Great Recession in Historical Perspective

As the financial crisis of 2008 and the ensuing Great Recession recede from the headlines, it is time to take a frank historical look at the episode. How did the severity of the initial shocks that hit the economy—the bursting of the housing bubble, the financial meltdown—compare to its terrible precursor, the Great Depression of the 1930s? How successful were the monetary and fiscal policy responses? Were there policy actions that should have been taken but weren’t? And perhaps most important, have we made reforms and learned lessons that will help us do better in the future?

Meet Christina Romer

One of the world's leading scholars on economic crises—and how to solve them—and a key adviser to President Obama through the economic crisis, Christina Romer provides a perspective on what's ahead for the economy and the choices policymakers face in addressing today's economic challenges.

As chair of the Council of Economic Advisers, Christina Romer was one of the four economics principals who met daily with President Obama to design and guide the Administration's response to the Great Recession. She played a key role in macroeconomic policy, the rescue and reform of the financial system, health care reform and budget policy. In addition, she was a primary Administration spokesperson on the economy, appearing frequently on the evening news, in the financial press and on the Sunday morning news programs. An expert on economic history and macroeconomics, including the Great Depression and the impact of fiscal and monetary policy, she helps audiences understand what is ahead for the economy including the roots of our current economic problems, the challenges and stresses that policymakers should be addressing and the likely impact on economic growth. Her presentations are customized for each audience, and blend a lively and enthusiastic delivery with an easily accessible discussion of important economic challenges and policy options. In addition to being an award-winning Professor of Economics at the University of California, Berkeley, she is also the co-director of the Program in Monetary Economics at the National Bureau of Economic Research and a Contributing Editor, Bloomberg News.

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