Christina Romer
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Christina Romer
Christina Duckworth Romer (née Duckworth; born December 25, 1958) is the Class of 1957 Garff B. Wilson Professor of Economics at the University of California, Berkeley and a former chair of the Council of Economic Advisers in the Presidency of Barack Obama, Obama administration. She resigned from her role on the Council of Economic Advisers on September 3, 2010. After her nomination and before the Obama administration took office, Romer worked with economist Jared Bernstein to co-author the administration's plan for recovery from the 2008 recession. In a January 2009 video presentation, she discussed details of the job creation program that the Obama administration submitted to Congress. Early life and education Romer was born in Alton, Illinois. She graduated from GlenOak High School in Canton, Ohio in June 1977. She obtained her bachelor's degree in economics from The College of William & Mary in 1981, and her Ph.D. from the Massachusetts Institute of Technology in 1985. Her do ...
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Council Of Economic Advisers
The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the president of the United States on economic policy. The CEA provides much of the empirical research for the White House and prepares the publicly-available annual Economic Report of the President. The council is made up of its chairperson and generally two to three additional member economists. Its chairperson requires appointment and Senate confirmation, and its other members are appointed by the President. Activities Economic Report of the President The report is published by the CEA annually in February, no later than 10 days after the Budget of the US Government is submitted. The president typically writes a letter introducing the report, serving as an executive summary. The report proceeds with several hundred pages of qualitative and quantitative research reviewing the impact of economy, economic activity in the previous ye ...
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GlenOak High School
GlenOak High School is a public high school in Plain Township, Stark County, Ohio, Plain Township, Ohio, United States, near Canton, Ohio, Canton. It is the only high school in the Plain Local School District. Sports teams are called the Golden Eagles, and they compete in the Ohio High School Athletic Association as a member of the Federal League (OHSAA), Federal League. Campus Plain Local finished construction of the new GlenOak Community Campus for the 2006–2007 school year, a high school with a public library situated within the building. Designed by architects Perkins+Will, it incorporates an 'academy' design. Seven academies are within the school, as following: * 9th Grade Academy * Arts and Communication Academy * Business and Marketing Academy * Environmental Sciences Academy * Health Sciences Academy * Human Services Academy * Industrial and Engineering Academy * Freshman Arts Program The Community Campus includes an incorporated public library, a video studio, a 900- ...
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Christina Romer Meets With Barack Obama & Joe Biden 1-30-09
Christina may refer to: People * Christina (given name), shared by several people * Christina (surname), shared by several people Places * Christina, Montana, unincorporated community, United States * Christina, British Columbia, Canada * Christina Lake (British Columbia), Canada * Christina River, Delaware, United States, named after Christina, Queen regnant of Sweden * Christina River (Alberta), river in Alberta * Christina School District, Delaware, United States, named after Christina, Queen regnant of Sweden * Fort Christina, first Swedish settlement in North America * Mount Christina mountain in New Zealand Arts and entertainment * ''Christina's World'', an Andrew Wyeth painting of Christina Olson * ''Christina'' (1929 film), a 1929 silent film * ''Christina'' (1953 film), a West German drama film * ''Christina'' (book series), a series of novels published by Playboy Press ** ''Christina'' (1984 film), a film based on the book series * ''Christina'', self-titled album ...
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The Fed
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Although an instrument of the U.S. government, the Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the president or by anyone else in the executive or legislative branches of government, it does not receive funding appropriated by Congress, and the terms of the members of the board of governors span multiple presidential and congressional terms." Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibili ...
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Federal Open Market Committee
The Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System (the Fed) that is charged under United States law with overseeing the nation's open market operations (e.g., the Fed's buying and selling of United States Treasury securities). This Federal Reserve committee makes key decisions about interest rates and the growth of the United States money supply. Under the terms of the original Federal Reserve Act, each of the Federal Reserve banks were authorized to buy and sell in the open market bonds and short term obligations of the United States Government, bank acceptances, cable transfers, and bills of exchange. Hence, the reserve banks were at times bidding against each other in the open market. In 1922, an informal committee was established to execute purchases and sales. The Banking Act of 1933 formed an official FOMC. The FOMC is the principal organ of United States national monetary policy. The Committee sets monetary policy by specifying ...
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Gold Standard
A gold standard is a backed currency, monetary system in which the standard economics, economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the w ...
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Great Depression
The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and business failures around the world. The economic contagion began in 1929 in the United States, the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. Among the countries with the most unemployed were the U.S., the United Kingdom, and Weimar Republic, Germany. The Depression was preceded by a period of industrial growth and social development known as the "Roaring Twenties". Much of the profit generated by the boom was invested in speculation, such as on the stock market, contributing to growing Wealth inequality in the United States, wealth inequality. Banks were subject to laissez-faire, minimal regulation, resulting in loose lending and wides ...
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World War II
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ...
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Princeton University
Princeton University is a private university, private Ivy League research university in Princeton, New Jersey, United States. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial Colleges, fourth-oldest institution of higher education in the United States and one of the nine colonial colleges chartered before the American Revolution. The institution moved to Newark, New Jersey, Newark in 1747 and then to its Mercer County, New Jersey, Mercer County campus in Princeton nine years later. It officially became a university in 1896 and was subsequently renamed Princeton University. The university is governed by the Trustees of Princeton University and has an endowment of $37.7 billion, the largest List of colleges and universities in the United States by endowment, endowment per student in the United States. Princeton provides undergraduate education, undergraduate and graduate education, graduate instruction in the hu ...
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Assistant Professor
Assistant professor is an academic rank just below the rank of an associate professor used in universities or colleges, mainly in the United States, Canada, Japan, and South Korea. Overview This position is generally taken after earning a doctoral degree and sometimes after several years of holding one or more postdoctoral research A postdoctoral fellow, postdoctoral researcher, or simply postdoc, is a person professionally conducting research after the completion of their doctoral studies (typically a PhD). Postdocs most commonly, but not always, have a temporary acade ...er positions. It is below the position of associate professor at most universities and is equivalent to the rank of lecturer at most Commonwealth universities. In the United States, assistant professor is often the first position held in a tenure track, although it can also be a non-tenure track position. A typical professorship sequence is assistant professor, associate professor, and full professo ...
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Peter Temin
Peter Temin (; born 17 December 1937) is an economist and economic historian, serving as the Gray Professor Emeritus of Economics at MIT, where he was formerly the head of the Economics Department. Education Temin graduated from Swarthmore College in 1959 before earning his Ph.D. at MIT in 1964. Beginning in the 1960s and early 1970s he published on American economic history in the 19th century, including ''The Jacksonian Economy'' (1969) and ''Causal Factors in American Economic Growth in the Nineteenth Century'' (1975), as well as ''Reckoning with Slavery'' (1976), which was an examination of the slave economy and its effects. His papers of the 1960s would reflect intense empirical study as part of his working method, including composition of iron and steel products, which would later be part of his analysis of industrial development. He continued his study of 19th century industrialization with ''Engines of Enterprise''. Influence Two of Temin's most cited conclusions in th ...
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Rudi Dornbusch
Rüdiger "Rudi" Dornbusch (June 8, 1942 – July 25, 2002) was a German economist who worked in the United States for most of his career. Early life and education Dornbusch was born in Krefeld in 1942. After completing his secondary education at the Gymnasium am Moltkeplatz, he studied political science at the University of Geneva, and received his undergraduate degree (''licence en sciences politiques'') from the Graduate Institute of International Studies in 1966. He went on to graduate study at the University of Chicago, receiving a M.A. in economics in 1966, and a Ph.D. in economics in 1971. Career He lectured briefly at the University of Chicago Booth School of Business, before serving as an assistant professor at the University of Rochester for two years; he then returned to Chicago, where he served as a professor of international economics. In 1975, he moved to MIT, where he was appointed an associate professor in the Department of Economics, and was made a full p ...
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