Mark Doms was the

Under Secretary of Commerce for Economic Affairs The Under Secretary of Commerce for Economic Affairs, or USC-EA, is a high-ranking official in the United States Department of Commerce that serves as the principal adviser to the United States Secretary of Commerce on economic analysis. The Unde ...

for the

Department of Commerce The United States Department of Commerce is an executive department of the U.S. federal government concerned with creating the conditions for economic growth and opportunity. Among its tasks are gathering economic and demographic data for bu ...

from January 2013 until September 2015. He was nominated by President Barack Obama on September 13, 2012 and was confirmed by the Senate on January 1, 2013 as one of the last acts of the 112th Congress. Prior to his confirmation, he was the United States Department of Commerce's Chief Economist. As the Under Secretary, Doms contributed to policies and discussions on a wide range of issues including trade, manufacturing, taxation, innovation, competitiveness, retirement security, immigration, and education. Doms also led the Economics and Statistics Administration (ESA), which includes the Census Bureau and the

Bureau of Economic Analysis The Bureau of Economic Analysis (BEA) of the United States Department of Commerce is a U.S. government agency that provides official economy of the United States, macroeconomic and industry statistics, most notably reports about the gross domestic ...

(BEA). Both agencies collect and produce information on the United States' population and economy. Doms also served as the Secretary's appointed Board Representative to the

Pension Benefit Guarantee Corporation The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined b ...

. After serving as Under Secretary, Doms joined the Japan-based investment bank

Nomura Nomura (written: 野村 "field village" or 埜村 "wilderness village") is a Japanese surname. Notable people with the surname include: * Don Nomura (born 1957), Japanese-American baseball agent * Katsuhiro Nomura, Japanese voice actor, includi ...

as a senior economist and managing director. He also was a senior fellow at the Centre for International Governance Innovation. Since April 2020, Doms has been the Chief Economist at the Congressional Budget Office.

Career and Education

Doms holds a Ph.D. in economics from the University of Wisconsin-Madison and B.A. from the University of Maryland Baltimore County in mathematics and economics. In 2022, the University of Maryland Baltimore County awarded Doms an honorary Doctorate of Public Service. In the early 1990s, he worked at the Center for Economic Studies at the Census Bureau. Following this, he worked at the Research and Statistics Division of the Federal Reserve Board of Governors, where he was a researcher in the areas of innovation, productivity, wages, manufacturing, and price measurement. He then became a Senior Economist at the Federal Reserve Bank of San Francisco. From 2009 until he was confirmed by the U.S. Senate as Under Secretary for Economic Affairs, Doms was the Chief Economist at the Department of Commerce. Doms also spent time at the Organization for Economic Co-operation and Development.

Research

While at the Federal Reserve Board of San Francisco, along with Norman Morin, he created indexes based on the number of articles that contain certain keywords and phrases in the title or first paragraph in the thirty largest newspapers across the US. For instance, the "recession index" is based on the number of articles that mention "recession" or "economic slowdown".

References

{{DEFAULTSORT:Doms, Mark American economists Year of birth missing (living people) Living people United States Under Secretaries of Commerce Federal Reserve economists University of Maryland, Baltimore County alumni University of Wisconsin–Madison College of Letters and Science alumni