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Quote by 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.”

Quote by Christina Romer

Author

Christina Romer

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. more

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