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. — Christina Romer Copy Share Image
I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do. — Christina Romer Copy Share Image
I think where I differ a little bit, we absolutely have to think about the deficit looking down the road. And certainly that's something… — Christina Romer Copy Share Image
You care about the deficit because it allows you to do things you need to do to help people who are suffering. — Christina Romer Copy Share Image
The central question is whether Medicare and Medicaid should remain entitlement programs guaranteeing a certain amount of care, as Democrats believe, or become defined… — Christina Romer Copy Share Image
The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies… — Christina Romer Copy Share Image
Tax increases appear to have a very large sustained and highly significant negative impact on output. Since most of our exogenous tax changes are… — Christina Romer Copy Share Image
The most effective way to shake an economy out of a terrible downturn when we're at the zero lower bound is an aggressive change… — Christina Romer Copy Share Image
Thanks to former President George W. Bush - remember the compassionate conservative? - I have a good name for the fundamental principle that should… — Christina Romer Copy Share Image
President Obama has repeatedly urged Congress to let the Bush tax cuts expire for those earning more than $250,000 a year. Increasing rates on… — Christina Romer Copy Share Image
If every other store in town is paying workers $9 an hour, one offering $8 will find it hard to hire anyone - perhaps… — Christina Romer Copy Share Image
There's a joke in economics about the drunk who loses his keys in the street but only looks for them under the lightposts. When… — Christina Romer Copy Share Image
If increasing income equality is the goal, it might be wiser to put money into infrastructure than to subsidize manufacturing. Construction also pays good… — Christina Romer Copy Share Image
