Details about David Romer

E-mail:
Homepage:	http://www.econ.berkeley.edu/~dromer/index.shtml
Workplace:	Department of Economics, University of California-Berkeley, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by David Romer.

Last updated 2022-05-07. Update your information in the RePEc Author Service.

Short-id: pro406

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Jump to Journal Articles Books Edited books Chapters

Working Papers

2021

1. A Social Insurance Perspective on Pandemic Fiscal Policy: Implications for Unemployment Insurance and Hazard Pay
   NBER Working Papers, National Bureau of Economic Research, Inc

2020

2. In Praise of Confidence Intervals
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
   See also Journal Article in AEA Papers and Proceedings (2020)

2019

3. Fiscal Space and the Aftermath of Financial Crises: How It Matters and Why
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)

2017

4. Why Some Times Are Different: Macroeconomic Policy and the Aftermath of Financial Crises
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)

2015

5. New Evidence on the Impact of Financial Crises in Advanced Countries
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (59)

2014

6. Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Changes, 1952-1991
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2013

7. The Missing Transmission Mechanism in the Monetary Explanation of the Great Depression
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
   See also Journal Article in American Economic Review (2013)

2012

8. The Incentive Effects of Marginal Tax Rates: Evidence from the Interwar Era
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
   See also Journal Article in American Economic Journal: Economic Policy (2014)

2009

9. A New Data Set on Monetary Policy: The Economic Forecasts of Individual Members of the FOMC
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
   See also Journal Article in Journal of Money, Credit and Banking (2010)

2008

10. The FOMC versus the Staff: Where Can Monetary Policymakers Add Value?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (119)
    See also Journal Article in American Economic Review (2008)

2007

11. Do Tax Cuts Starve the Beast: The Effect of Tax Changes on Government Spending
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article in Brookings Papers on Economic Activity (2009)
12. The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (118)
    See also Journal Article in American Economic Review (2010)

2003

13. A New Measure of Monetary Shocks: Derivation and Implications
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    See also Journal Article in American Economic Review (2004)
14. Choosing the Federal Reserve Chair: Lessons from History
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    See also Journal Article in Journal of Economic Perspectives (2004)

2002

15. A Rehabilitation of Monetary Policy in the 1950s
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
    See also Journal Article in American Economic Review (2002)
16. It's Fourth Down and What Does the Bellman Equation Say? A Dynamic Programming Analysis of Football Strategy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
17. The Evolution of Economic Understanding and Postwar Stabilization Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (164)
    See also Journal Article in Proceedings - Economic Policy Symposium - Jackson Hole (2002)

2000

18. Keynesian Macroeconomics without the LM Curve
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (278)
    See also Journal Article in Journal of Economic Perspectives (2000)

1998

19. Monetary Policy and the Well-Being of the Poor
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (101)
    See also Journal Article in Economic Review (1999)

1997

20. Misconceptions and Political Outcomes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article in Economic Journal (2003)

1996

21. Federal Reserve Private Information and the Behavior of Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
22. Institutions for Monetary Stability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Chapter (1997)
23. Trade and Growth in East Asian Countries: Cause and Effect?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (61)
    Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1995) View citations (8)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1995) View citations (8)
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco (1995) View citations (8)
24. Trade and Growth: An Empirical Investigation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (104)

1994

25. What Ends Recessions?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (89)
    See also Chapter (1994)

1993

26. Credit Channel or Credit Actions? An Interpretation of the Postwar Transmission Mechanism
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
    See also Journal Article in Proceedings - Economic Policy Symposium - Jackson Hole (1993)
27. Inflation and the Informativeness of Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article in Journal of Money, Credit and Banking (2003)

1992

28. Rational Asset Price Movements Without News
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article in American Economic Review (1993)

1991

29. Openness and Inflation: Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    See also Journal Article in The Quarterly Journal of Economics (1993)

1990

30. A Contribution to the Empirics of Economic Growth
    Working Papers, Brown University, Department of Economics View citations (67)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (2817)
    See also Journal Article in The Quarterly Journal of Economics (1992)

1989

31. Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz
    Economics Working Papers, University of California at Berkeley View citations (732)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations (870)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (1989) View citations (754)
    See also Chapter (1989)
32. STOCK MARKET FORECASTABILITY AND VOLATILITY: A STATISTICAL APPRAISAL
    Working Papers, Michigan - Center for Research on Economic & Social Theory View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations (10)
    See also Journal Article in Review of Economic Studies (1991)
33. Staggered Price Setting with Endogenous Frequency of Adjustment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in Economics Working Papers, University of California at Berkeley (1989) View citations (10)
    See also Journal Article in Economics Letters (1990)
34. Staggering Price Setting with Endogenous Frequency Adjustment
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (3)

1988

35. WHAT ARE THE COSTS OF EXCESSIVE DEFICITS?
    Working Papers, Princeton, Woodrow Wilson School - Discussion Paper View citations (17)
    See also Chapter (1988)

1987

36. Are Prices Too Sticky?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (55)
    See also Journal Article in The Quarterly Journal of Economics (1989)
37. Real Rigidities and the Non-Neutrality of Money
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (104)
    See also Journal Article in Review of Economic Studies (1990)
38. Sticky Prices as Coordination Failure
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article in American Economic Review (1991)
39. The Equilibrium and Optimal Timing of Price Changes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1987) View citations (6)
    See also Journal Article in Review of Economic Studies (1989)

1985

40. An Unbiased Reexamination of Stock Market Volatility
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (77)
    See also Journal Article in Journal of Finance (1985)

Undated

41. Risk Aversion with Initial Wealth
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research

Journal Articles

2020

1. In Praise of Confidence Intervals
   AEA Papers and Proceedings, 2020, 110, 55-60 View citations (9)
   See also Working Paper (2020)

2018

2. Phillips Lecture – Why Some Times Are Different: Macroeconomic Policy and the Aftermath of Financial Crises
   Economica, 2018, 85, (337), 1-40 View citations (42)

2017

3. New Evidence on the Aftermath of Financial Crises in Advanced Countries
   American Economic Review, 2017, 107, (10), 3072-3118 View citations (84)

2016

4. Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Increases, 1952-1991
   American Economic Journal: Macroeconomics, 2016, 8, (4), 1-42 View citations (19)

2014

5. The Incentive Effects of Marginal Tax Rates: Evidence from the Interwar Era
   American Economic Journal: Economic Policy, 2014, 6, (3), 242-81 View citations (12)
   See also Working Paper (2012)

2013

6. Report: Ad Hoc Search Committee for the Editor of the American Economic Journal: Economic Policy
   American Economic Review, 2013, 103, (3), 774-774
7. The Missing Transmission Mechanism in the Monetary Explanation of the Great Depression
   American Economic Review, 2013, 103, (3), 66-72 View citations (24)
   See also Working Paper (2013)
8. The Most Dangerous Idea in Federal Reserve History: Monetary Policy Doesn't Matter
   American Economic Review, 2013, 103, (3), 55-60 View citations (35)

2010

9. A New Data Set on Monetary Policy: The Economic Forecasts of Individual Members of the FOMC
   Journal of Money, Credit and Banking, 2010, 42, (5), 951-957 View citations (58)
   Also in Journal of Money, Credit and Banking, 2010, 42, (5), 951-957 (2010) View citations (12)
   See also Working Paper (2009)
10. The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks
    American Economic Review, 2010, 100, (3), 763-801 View citations (1187)
    See also Working Paper (2007)

2009

11. Do Tax Cuts Starve the Beast? The Effect of Tax Changes on Government Spending
    Brookings Papers on Economic Activity, 2009, 40, (1 (Spring)), 139-214 View citations (36)
    See also Working Paper (2007)

2008

12. The FOMC versus the Staff: Where Can Monetary Policymakers Add Value?
    American Economic Review, 2008, 98, (2), 230-35 View citations (120)
    See also Working Paper (2008)

2006

13. Do Firms Maximize? Evidence from Professional Football
    Journal of Political Economy, 2006, 114, (2), 340-365 View citations (75)

2004

14. A New Measure of Monetary Shocks: Derivation and Implications
    American Economic Review, 2004, 94, (4), 1055-1084 View citations (910)
    See also Working Paper (2003)
15. Choosing the Federal Reserve Chair: Lessons from History
    Journal of Economic Perspectives, 2004, 18, (1), 129-162 View citations (93)
    See also Working Paper (2003)

2003

16. Inflation and the Informativeness of Prices
    Journal of Money, Credit and Banking, 2003, 35, (2), 177-96 View citations (53)
    See also Working Paper (1993)
17. Misconceptions and Political Outcomes
    Economic Journal, 2003, 113, (484), 1-20 View citations (44)
    See also Working Paper (1997)

2002

18. A Rehabilitation of Monetary Policy in the 1950's
    American Economic Review, 2002, 92, (2), 121-127 View citations (33)
    See also Working Paper (2002)
19. The evolution of economic understanding and postwar stabilization policy
    Proceedings - Economic Policy Symposium - Jackson Hole, 2002, 11-78 View citations (75)
    See also Working Paper (2002)

2000

20. Federal Reserve Information and the Behavior of Interest Rates
    American Economic Review, 2000, 90, (3), 429-457 View citations (674)
21. Keynesian Macroeconomics without the LM Curve
    Journal of Economic Perspectives, 2000, 14, (2), 149-169 View citations (279)
    See also Working Paper (2000)

1999

22. Does Trade Cause Growth?
    American Economic Review, 1999, 89, (3), 379-399 View citations (2441)
23. Monetary policy and the well-being of the poor
    Economic Review, 1999, 84, (Q I), 21-49 View citations (38)
    Also in Proceedings - Economic Policy Symposium - Jackson Hole, 1998, 159-201 (1998) View citations (60)
    See also Working Paper (1998)

1998

24. A New Assessment of Openness and Inflation: Reply
    The Quarterly Journal of Economics, 1998, 113, (2), 649-652 View citations (29)

1997

25. Identification and the narrative approach: A reply to Leeper
    Journal of Monetary Economics, 1997, 40, (3), 659-665 View citations (16)

1994

26. Monetary policy matters
    Journal of Monetary Economics, 1994, 34, (1), 75-88 View citations (121)

1993

27. Credit channel or credit actions? an interpretation of the postwar transmission mechanism
    Proceedings - Economic Policy Symposium - Jackson Hole, 1993, 71-149 View citations (10)
    See also Working Paper (1993)
28. Do Students Go to Class? Should They?
    Journal of Economic Perspectives, 1993, 7, (3), 167-174 View citations (91)
29. Openness and Inflation: Theory and Evidence
    The Quarterly Journal of Economics, 1993, 108, (4), 869-903 View citations (549)
    Also in Proceedings, 1991, (Nov) (1991) View citations (9)
    See also Working Paper (1991)
30. Rational Asset-Price Movements without News
    American Economic Review, 1993, 83, (5), 1112-30 View citations (97)
    See also Working Paper (1992)
31. The New Keynesian Synthesis
    Journal of Economic Perspectives, 1993, 7, (1), 5-22 View citations (83)
32. Why Should Governments Issue Bonds?
    Journal of Money, Credit and Banking, 1993, 25, (2), 163-75 View citations (4)

1992

33. A Contribution to the Empirics of Economic Growth
    The Quarterly Journal of Economics, 1992, 107, (2), 407-437 View citations (6691)
    See also Working Paper (1990)

1991

34. Sticky Prices as Coordination Failure
    American Economic Review, 1991, 81, (3), 539-52 View citations (150)
    See also Working Paper (1987)
35. Stock Market Forecastability and Volatility: A Statistical Appraisal
    Review of Economic Studies, 1991, 58, (3), 455-477 View citations (55)
    See also Working Paper (1989)

1990

36. New Evidence on the Monetary Transmission Mechanism
    Brookings Papers on Economic Activity, 1990, 21, (1), 149-214 View citations (225)
37. Real Rigidities and the Non-Neutrality of Money
    Review of Economic Studies, 1990, 57, (2), 183-203 View citations (457)
    See also Working Paper (1987)
38. Staggered price setting with endogenous frequency of adjustment
    Economics Letters, 1990, 32, (3), 205-210 View citations (54)
    See also Working Paper (1989)

1989

39. Are Prices Too Sticky?
    The Quarterly Journal of Economics, 1989, 104, (3), 507-524 View citations (80)
    See also Working Paper (1987)
40. The Equilibrium and Optimal Timing of Price Changes
    Review of Economic Studies, 1989, 56, (2), 179-198 View citations (61)
    See also Working Paper (1987)

1988

41. The New Keynsesian Economics and the Output-Inflation Trade-off
    Brookings Papers on Economic Activity, 1988, 19, (1), 1-82 View citations (189)

1987

42. Comments on Gorton and Haubrich
    Carnegie-Rochester Conference Series on Public Policy, 1987, 26, (1), 335-343
43. The monetary transmission mechanism in a general equilibrium version of the baumol-tobin model
    Journal of Monetary Economics, 1987, 20, (1), 105-122 View citations (10)

1986

44. A Simple General Equilibrium Version of the Baumol-Tobin Model
    The Quarterly Journal of Economics, 1986, 101, (4), 663-685 View citations (51)

1985

45. An Unbiased Reexamination of Stock Market Volatility
    Journal of Finance, 1985, 40, (3), 677-87 View citations (91)
    See also Working Paper (1985)
46. Financial intermediation, reserve requirements, and inside money: A general equilibrium analysis
    Journal of Monetary Economics, 1985, 16, (2), 175-194 View citations (44)

1984

47. The Theory of Social Custom: A Modification and Some Extensions
    The Quarterly Journal of Economics, 1984, 99, (4), 717-727 View citations (35)

1981

48. Risk Aversion with Random Initial Wealth
    Econometrica, 1981, 49, (4), 911-20 View citations (98)
49. Rosen and Quandt's Disequilibrium Model of the Labor Market: A Revision
    The Review of Economics and Statistics, 1981, 63, (1), 145-46 View citations (1)

Books

1997

1. Reducing Inflation: Motivation and Strategy
   NBER Books, National Bureau of Economic Research, Inc View citations (508)

Edited books

2014

1. What Have We Learned? Macroeconomic Policy After the Crisis, vol 1
   MIT Press Books, The MIT Press View citations (42)

2012

2. In the Wake of the Crisis: Leading Economists Reassess Economic Policy, vol 1
   MIT Press Books, The MIT Press View citations (53)

1997

3. Reducing Inflation
   National Bureau of Economic Research Books, University of Chicago Press View citations (8)

1991

4. New Keynesian Economics - Vol. 1: Imperfect Competition and Sticky Prices, vol 1
   MIT Press Books, The MIT Press View citations (62)
5. New Keynesian Economics - Vol. 2: Coordination Failures and Real Rigidities, vol 1
   MIT Press Books, The MIT Press View citations (48)

Chapters

2012

1. What Have We Learned about Fiscal Policy from the Crisis?
   Chapter 6 in In the Wake of the Crisis: Leading Economists Reassess Economic Policy, 2012, vol. 1, pp 57-66 View citations (9)

2007

2. Comment on "Globalization and Monetary Control"
   A chapter in International Dimensions of Monetary Policy, 2007, pp 77-87 View citations (1)

1997

3. Institutions for Monetary Stability
   A chapter in Reducing Inflation: Motivation and Strategy, 1997, pp 307-334 View citations (20)
   See also Working Paper (1996)
4. Introduction to "Reducing Inflation: Motivation and Strategy"
   A chapter in Reducing Inflation: Motivation and Strategy, 1997, pp 1-12 View citations (11)

1994

5. What Ends Recessions?
   A chapter in NBER Macroeconomics Annual 1994, Volume 9, 1994, pp 13-80 View citations (81)
   See also Working Paper (1994)

1989

6. Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz
   A chapter in NBER Macroeconomics Annual 1989, Volume 4, 1989, pp 121-184 View citations (876)
   See also Working Paper (1989)

1988

7. What Are the Costs of Excessive Deficits?
   A chapter in NBER Macroeconomics Annual 1988, Volume 3, 1988, pp 63-110 View citations (20)
   See also Working Paper (1988)