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.

She is not related to Paul Romer the economist famous for his work on economic growth although Christina Romer has a son with the same name. Wilson Professor of Economics at the University of California Berkeley and a former Chair of the Council of Economic Advisers in the Obama administration. Romer showed that much of what had appeared to be a decrease in volatility was due to better economic data collection although recessions have become less frequent over time.

Christina D. She resigned from her role on the Council of Economic Advisers on September 3 2010. Wilson Professor of Economics at the University of California Berkeley and a former Chair of the Council of Economic Advisers in the Obama administration.