Career
She 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, and a winner of the Berkeley Distinguished Teaching Award. Professor 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.
In 2008 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. However, the Romers remained at Berkeley after Drew Gilpin Faust, Harvard's president, vetoed her appointment. Her decision resulted in substantial discussion within the discipline and in the mass media. The motivations for Faust's decision to block 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.
In late 2008, Romer along with fellow economic advisors Larry Summers and Peter R. Orszag presented then-President-elect Barack Obama with recommendations for a stimulus package. 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. The Obama administration ultimately passed an $800-billion package.
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