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Christina Romer

Christina Romer Books

Professor

Christina Romer is a renowned economist born on December 25, 1958. She has conducted extensive research in economics, particularly in the fields of macroeconomics and economic growth. Professor Romer taught at the University of California, Berkeley, and served as the chair of the National Bureau of Economic Research (NBER) during the Obama administration.

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Related Quotes

“Fewer people working means permanently lower tax revenues.”

People Mean Taxes Fewer Revenue

Author:Christina Romer

“I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do.”

Thinking Writing Would Be Force Institutions Financial Things To Do Sensible Mortgage Underwater Financial Institutions

Author:Christina Romer

“Making labor less expensive helps firms hire people.”

People Helping Labor Firm Expensive

Author:Christina Romer

“You care about the deficit because it allows you to do things you need to do to help people who are suffering.”

People Needs Helping Care Suffering Deficit

Author:Christina Romer

“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.”

Thinking Way Needs Problem Natural Deals Economy Approach Economist

Author:Christina Romer

“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.”

“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.”

President Team Economic Months Members Spots Former President Obama Legislation Stimulus Inauguration

Author:Christina Romer

“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.”

“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.”

Problem Deals Company Plans Easier Harder Climate Climate Change Oil Going Away Dependence Foreign Oil

Author:Christina Romer

“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.”

“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.”

Honest Notion Painful Details Abstract Voters Deficit Enthusiastic Reduction

Author:Christina Romer

“If every other store in town is paying workers $9 an hour, one offering $8 will find it hard to hire anyone - perhaps not when unemployment is high, but certainly in normal times. Robust competition is a powerful force helping to ensure that workers are paid what they contribute to their employers' bottom lines.”

Ifs Hard Helping Force Hours Lines Powerful Normal Paid Towns Competition Workers Bottom Stores Offering Unemployment Employers Bottom Line Robust

Author:Christina Romer

“If you think about it, candidate Obama, Sen. Obama, was running on sort of long-run economic issues, like restoring prosperity to the middle class, dealing with the perennial problem of health care in the United States. He talked a lot about the budget deficit, about the need to transition to clean energy.”

“Most arguments for instituting or raising a minimum wage are based on fairness and redistribution. Even if workers are getting a competitive wage, many of us are deeply disturbed that some hard-working families still have very little.”

Ifs Littles Stills Hard Hard Work Argument Workers Fairness Minimum Disturbed Minimum Wage

Author:Christina Romer

“President Obama has repeatedly urged Congress to let the Bush tax cuts expire for those earning more than $250,000 a year. Increasing rates on top earners is an obvious way to raise revenue from those who can afford it most.”

Way Years President Cutting Taxes Raises Rate Congress Obvious President Obama Earning Revenue Tax Cuts

Author:Christina Romer

“Raising the minimum wage, as President Obama proposed in his State of the Union address, tends to be more popular with the general public than with economists.”

States President Unions Addresses President Obama Minimum Economist Minimum Wage General Public

Author:Christina Romer

“Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.”

May Growth Deals Economy Influence Research Expectations Program Impact Primaries Consumers Inflation New Deal Future Growth

Author:Christina Romer

“The goal of long-run economic growth without asset price bubbles is not only achievable, but is something we should expect if we put a sound regulatory framework in place and if policymakers remain vigilant.”

Ifs Should Long Running Sound Goal Growth Economic Assets Bubbles Long Runs Framework Economic Growth Vigilant

Author:Christina Romer

“You know, I think the, the crucial thing, you know, we have put in place what is, is just simply the biggest, boldest recovery package in history, right; the stimulus package, biggest ever; the financial rescue, absolutely comprehensive; a housing plan - that is incredible medicine for the economy. And we fully expect it to work.”

Thinking Knows Economy Plans Medicine Incredibles Financial Recovery Crucial Rescue Housing Packages Stimulus Comprehensive

Author:Christina Romer

“What I desire to point out is that I wish the law was not so, but that being the law, I must follow it.”

Law Desire Wish

Author:Christina Romer

“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.”

Looks Problem Light Loses Streets Keys Jokes Economics Drunk Deficit

Author:Christina Romer

“If you look at the studies coming out of the Congressional Budget Office, the number one thing that's going to blow a hole in the deficit as we go forward 20, 30 years is government spending on healthcare.”

Ifs Years Looks Government Numbers Study One Thing Office Blow Spending Holes Budgets Coming Out Healthcare Deficit Government Spending Budget Deficit

Author:Christina Romer

“If increasing income equality is the goal, it might be wiser to put money into infrastructure than to subsidize manufacturing. Construction also pays good wages, but with lower educational requirements. And America's infrastructure needs are enormous.”

Ifs Needs Might America Goal Pay Educational Enormous Income Construction Wiser Requirements Wages Infrastructure Manufacturing

Author:Christina Romer

“In the four decades after World War II, manufacturing jobs paid more than other jobs for given skills. But that is much less true today. Increased international competition has forced American manufacturers to reduce costs. As a result, the pay premium for low-skilled workers in manufacturing is smaller than it once was.”

World War Today Jobs Given Results Pay Four Cost Skills Lows Paid Competition Workers International Decades War Of The Worlds World War Ii Manufacturing Premium Skilled Workers

Author:Christina Romer

“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.”

Shows Government Students Economics Competition Assuming Workers Protection Decent Wages Employers Preventing American Workers Misbehaving

Author:Christina Romer

“Tax increases appear to have a very large sustained and highly significant negative impact on output. Since most of our exogenous tax changes are in fact reductions, the more intuitive way to express this result is that tax cuts have very large and persistent positive output effects”

Way Philosophy Facts Political Results Cutting Effects Taxes Negative Economics Increase Impact Significant Intuitive Persistent Reduction Tax Cuts Output Tax Increases

Author:Christina Romer

“I think where I differ a little bit, we absolutely have to think about the deficit looking down the road. And certainly that's something the president has said that we need to, as the economy recovers, have a plan in place for getting it down.”

Thinking Needs Littles Said Bits President Economy Plans Little Bit Deficit Down The Road Looking Down

Author:Christina Romer

“Tax increases appear to have a very large sustained and highly significant negative impact on output.”

Taxes Negative Increase Impact Significant Output Tax Increases

Author:Christina Romer

“The very first email I got [was] from a women's group saying 'We don't want this stimulus package to just create jobs for burly men.'”

Men Want Firsts Jobs Groups Email Packages Stimulus

Author:Christina Romer

“Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.”

Years Three Next Effects Taxes Percent Increase Significant Three Years Output Gdp Tax Increases

Author:Christina Romer

About the Author

Born: December 25, 1958
Known for: Professor
Quotes: 30

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