Christina Romer | Women in Economics

Q: What is the importance of being open to new empirical evidence in economics?

A: Being open to new empirical evidence in economics is crucial as it allows for the refinement and updating of economic theories to better reflect real-world scenarios and outcomes.

Q: How did Christina Romer transition from planning to be a lawyer to becoming a renowned economist?

A: Christina Romer transitioned by shifting her focus towards historical questions and using modern economic tools to analyze and address economic issues.

Q: What consensus on government policies did Romer's research challenge?

A: Romer's research challenged the consensus on the impact of government policies on economic fluctuations, particularly during the Great Depression.

Q: What did Romer's research highlight about the importance of monetary policy during and after the Great Depression?

A: Romer's research highlighted the crucial role of monetary policy in stabilizing the economy during and after the Great Depression.

Q: How did Romer contribute to advising President Obama during the 2008 economic crisis?

A: Romer played a key role in designing a fiscal package to stimulate the economy and mitigate the impact of the recession under President Obama's administration.

Q: What was the aim of the fiscal package designed by Romer during the recession?

A: The aim of the fiscal package was to fill the spending gap that emerged during the recession and address the long-term effects of recessions on individuals.

Q: What was the focus of Romer's efforts in addressing the aftermath of the financial crisis?

A: Romer focused on job creation and implementing policy interventions to get the economy back on track after the financial crisis.