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Obama To Name Berkeley Prof as Economic Adviser

With President-elect Barack Obama expected to officially name key members of his economic team at a press conference in Chicago later thes morning, ABC’s Jake Tapper reports a new name on the list.

Appearing on “Good Morning America” today, Tapper said Obama is set to name Christina Romer as chairman of the Council of Economic Advisers — a three-person team that, as the name implies, advises the president on economic policy.

Romer, who served as an economic adviser to Obama’s presidential campaign, is currently an economics professor at the University of California at Berkeley — as is her husband, David Romer. A look at the couple’s body of academic research, on which they frequently collaborate, reveals much about the role Obama is looking for Romer to fill. A quick Google Scholar search shows a focus on economic recovery, particularly related to the Great Depression, and promoting monetary stability.

Here’s a brief sample of the titles of some of Romer’s research papers:

The Great Crash and the Onset of the Great Depression

Changes in Business Cycles: Evidence and Explanations

What Ended the Great Depression?

The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks

Clearly, Romer’s job description will likely include figuring out how to apply the lessons of the past to solving the current economic crisis.

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