David H. Romer
Herman Royer Professor of Political Economy
Courses
- Economics 202a, Macroeconomic Theory, Fall 2016.
- Economics 210C/Economics 236A, Macroeconomic History, Fall 2016.
- Economics 2, Introduction to Economics, Spring 2016.
- Economics 210A, Introduction to Economic History, Spring 2015.
- Economics 134, Macroeconomic History from the Great Depression to Today, Spring 2013.
Working Papers
- New Evidence on the Impact of Financial Crises in Advanced Countries [PDF], with Christina D. Romer, April 2015. Appendix A: Derivation of the New Measure of Financial Distress [PDF], March 2015. Appendix B: Additional Evidence on the Timing of Distress in Key Episodes [PDF], March 2015. Appendix C: Robustness of the Estimates of the Effect of Financial Distress on Output [PDF], March 2015.
- Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Increases, 1952-1991 [PDF], with Christina D. Romer, March 2016. Appendix A: Description of Social Secuity Benefit Increases, 1952-1991 [PDF], March 2016. Appendix B: Supplemental Figures [PDF], March 2016.
Advanced Macroeconomics, 4th Edition, April 2011
Reprints
- The Incentive Effects of Marginal Tax Rates: Evidence from the Interwar Era [PDF], with Christina D. Romer, American Economic Journal: Economic Policy, August 2014. Posted with the permission of the American Economic Association. Online Appendix of Narrative Evidence: A Narrative Analysis of Interwar Tax Changes [PDF]; Online Appendix on Data and Computations [PDF].
- Preventing the Next Catastrophe: Where Do We Stand? [PDF], in George Akerlof, Olivier Blanchard, David Romer, and Joseph Stiglitz, eds., What Have We Learned? Macroeconomic Policy after the Crisis (Cambridge: MIT Press, 2014), final pre-publication version.
- The Most Dangerous Idea in Federal Reserve History: Monetary Policy Doesn't Matter [PDF], with Christina D. Romer, American Economic Review, May 2013. Posted with the permission of the American Economic Association. Online Appendix of Sources and Documentation. [PDF]
- The Missing Transmission Mechanism in the Monetary Explanation of the Great Depression [PDF], with Christina D. Romer, American Economic Review, May 2013. Posted with the permission of the American Economic Association.
- What Have We Learned about Fiscal Policy from the Crisis? [PDF], in Olivier J. Blanchard, David Romer, A. Michael Spence, and Joseph E. Stiglitz, eds., In the Wake of the Crisis: Leading Economists Speak Out (Cambridge: MIT Press), 2012, final pre-publication version.
- A New Data Set on Monetary Policy: The Economic Forecasts of Individual Members of the FOMC [PDF], Journal of Money, Credit, and Banking, August 2010, final pre-publication version.
- The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks [PDF] , with Christina D. Romer, American Economic Review, June 2010. Posted with the permission of the American Economic Association.
- Online Appendix of Narrative Evidence: A Narrative Analysis of Postwar Tax Changes [PDF].
- Do Tax Cuts Starve the Beast? The Effect of Tax Changes on Government Spending [PDF], with Christina Romer, Brookings Papers on Economic Activity, Spring 2009. Posted with the permission of Brookings Institution Press.
- The FOMC versus the Staff: Where Can Monetary Policymakers Add Value? [PDF], with Christina D. Romer, American Economic Review, May 2008. Posted with the permission of the American Economic Association.
- Do Firms Maximize? Evidence from Professional Football [PDF], Journal of Political Economy, April 2006. Posted with the permission of the University of Chicago Press. Expanded version [PDF].
- A New Measure of Monetary Shocks: Derivation and Implications [PDF], with Christina D. Romer, American Economic Review, September 2004. Posted with the permission of the American Economic Association.
- Choosing the Federal Reserve Chair: Lessons from History [PDF], with Christina D. Romer, Journal of Economic Perspectives, Winter 2004. Posted with the permission of the American Economic Association.
- Inflation and the Informativeness of Prices [PDF], with L. Ball, Journal of Money, Credit, and Banking, April 2003. Posted with the permission of the Ohio State University Press.
- Misconceptions and Political Outcomes [PDF]. Economic Journal, January 2003. Posted with the permission of Blackwell Publishing Ltd.
- The Evolution of Economic Understanding and Postwar Stabilization Policy [PDF], with Christina D. Romer, in Rethinking Stabilization Policy, Federal Reserve Bank of Kansas City, 2002.
- A Rehabilitation of Monetary Policy in the 1950's [PDF], with Christina D. Romer, American Economic Review, May 2002. Posted with the permission of the American Economic Association.
- Federal Reserve Information and the Behavior of Interest Rates [PDF], with Christina D. Romer, American Economic Review, June 2000. Posted with the permission of the American Economic Association.
- Keynesian Macroeconomics without the LM Curve [PDF], Journal of Economic Perspectives, Spring 2000. Posted with the permission of the American Economic Association.
- Does Trade Cause Growth? [PDF], with Jeffrey A. Frankel, American Economic Review, June 1999. Posted with the permission of the American Economic Association.
Selected Reprints of Older Papers
- Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz [PDF], with Christina D. Romer, NBER Macroeconomics Annual 1989. Posted with the permission of MIT Press.
- Real Rigidities and the Non-Neutrality of Money [Link to JSTOR], with Laurence Ball, Review of Economic Studies, April 1990. Requires JSTOR access.
- A Contribution to the Empirics of Economic Growth [PDF], with N. Gregory Mankiw and David N. Weil, Quarterly Journal of Economics, May 1992. Posted with the permission of MIT Press.
- Openness and Inflation: Theory and Evidence [PDF], Quarterly Journal of Economics, November 1993. Posted with the permission of MIT Press.
- The New Keynesian Economics and the Output-Inflation Trade-off [PDF], with Laurence Ball and N. Gregory Mankiw, Brookings Papers on Economic Activity, 1988, No. 1, 1-65. Posted with the permission of Brookings Institution Press.
- What Ends Recessions? [PDF], with Christina D. Romer, NBER Macroeconomics Annual 1994. Posted with the permission of MIT Press.
- Rational Asset-Price Movements without News [PDF], American Economic Review, December 1993. Posted with the permission of the American Economic Association.
Papers Not Intended for Publication
- A Narrative Analysis of Interwar Tax Changes [PDF], with Christina D. Romer, online appendix to "The Incentive of Marginal Tax Rates: Evidence from the Interwar Era." Posted on the American Economic Journal: Economic Policy website (August 2014).
- A Narrative Analysis of Postwar Tax Changes [PDF], with Christina D. Romer, online appendix to "The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks." Posted on the American Economic Review website (June 2010).
- Short-Run Fluctuations, [PDF]. August 1999. Revised January 2013. Now incorporates the zero lower bound and credit market disruptions.
Data
- The Incentive Effects of Marginal Tax Rates: Evidence from the Interwar Era. Data and programs [Zip files]; Supplemental materials [Zip files].
- A New Data Set on Monetary Policy: The Economic Forecasts of Individual Members of the FOMC, Data Appendix - Updated May 2011 [Zip files, 8.6 MB].
- The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks. Data and programs [Zip files, 201 KB]; Additional materials [Zip files].
- Do Tax Cuts Starve the Beast? The Effect of Tax Changes on Government Spending. Data and programs [Zip files]
- The FOMC versus the Staff: Where Can Monetary Policymakers Add Value? Data Description [PDF]; Data [Excel].
-
Do Firms Maximize? Evidence from Professional Football
Data and programs [Zip files] - A New Measure of Monetary Shocks: Derivation and Implications Data description [PDF]; Data [Excel]; Narrative appendix [PDF]
- Federal Reserve Information and the Behavior of Interest Rates Data description [PDF]; Data [Excel]
- Does Trade Cause Growth? Data description [PDF]; Data and programs [Zip files]
- Romer and Romer dates [PDF]

