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  • David H. Romer| Department of Economics
    Romer and Romer dates [PDF] Fiscal Space and the Aftermath of Financial Crises: How It Matters and Why Data and programs [Zip files] New Evidence on the Aftermath of Financial Crises in Advanced Countries Data and programs [Zip files]; Supplemental materials [Zip files]; Extension of the measure of financial distress through 2017 [Excel]
  • A New Measure of Monetary Shocks: Derivation and Implications
    By CHRISTINA D ROMER AND DAVID H ROMER* This paper develops a measure of U S monetary policy shocks for the period 1969–1996 that is relatively free of endogenous and anticipatory movements Quantitative and narrative records are used to infer the Federal Reserve’s inten-tions for the federal funds rate around FOMC meetings This series is regressed on the Federal Reserve’s internal
  • Presidential Address: Does Monetary Policy Matter? The Narrative . . .
    Presidential Address: Does Monetary Policy Matter? The Narrative Approach after 35 Years† By Christina D Romer and David H Romer* The narrative approach to macroeconomic identification uses qual-itative sources, such as newspapers or government records, to pro-vide information that can help establish causal relationships
  • DAVID ROMER - University of California, Berkeley
    In Christina D Romer and David H Romer, eds , Reducing Inflation: Motivation and Strategy (Chicago: University of Chicago Press for NBER, 1997), 307–329 “What Ends Recessions?” (with Christina D Romer) NBER Macroeconomics Annual 9 (1994): 13–57 “Monetary Policy Matters” (with Christina D Romer)
  • The Macroeconomic Effects of Tax Changes: Estimates Based on a New . . .
    By Christina D Romer and David H Romer* This paper investigates the impact of tax changes on economic activity We use the narrative record, such as presidential speeches and Congressional reports, to identify the size, timing, and principal motivation for all major post-war tax policy actions This analysis allows us to separate legislated changes into those taken for reasons related to
  • Christina Romer| Department of Economics
    The Evolution of Economic Understanding and Postwar Stabilization Policy [PDF], with David H Romer, in Rethinking Stabilization Policy, Federal Reserve Bank of Kansas City, 2002 A Rehabilitation of Monetary Policy in the 1950's [PDF], with David H Romer, American Economic Review: Papers and Proceedings, May 2002
  • NEW EVIDENCE ON THE AFTERMATH OF FINANCIAL CRISES IN DVANCED OUNTRIES
    cromer@econ berkeley edu David H Romer Department of Economics University of California, Berkeley Berkeley, CA 94720-3880 dromer@econ berkeley edu e collapse of Lehman Brothers set off a worldwide financia economists had shown renewed interest in financial crises The experiences of Japan and the
  • For the meaning and identification of “Romer and Romer dates,” see:
    For the meaning and identification of “Romer and Romer dates,” see: Christina D Romer and David H Romer 2023 “Presidential Address: Does Monetary Policy Matter? The Narrative Approach after 35 Years ” American Economic Review 113 (June), forthcoming
  • WHY SOME TIMES ARE DIFFERENT: - University of California, Berkeley
    Christina D Romer David H Romer University of California, Berkeley October 2017 ed as the Economica Phillips Lecture at the London School of Economics on May 17, 2017 We are grateful to Francesco Caselli, Joshua Hausman, Maurice Obstfeld, Ricardo Reis, and seminar participants at the London School of Economics, the Uni
  • Does Trade Cause Growth? - University of California, Berkeley
    Does Trade Cause Growth? By JEFFREY A FRANKEL AND DAVID ROMER* Examining the correlation between trade and income cannot identify the direction of causation between the two Countries’ geographic characteristics, however, have important effects on trade, and are plausibly uncorrelated with other determinants of income





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