David Romer

David Romer

Herman Royer Professor of Political Economy
Dept of Economics
(510) 642-1785
(510) 642-6615
Research Expertise and Interest
financial crises, fiscal policy, monetary policy, new Keynesian economics
Research Description

David Romer received his A.B. from Princeton University and his Ph.D. from the Massachusetts Institute of Technology.

His current research interests include financial crises, fiscal policy, and monetary policy.

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Please note: The views and opinions expressed in these articles are those of the authors and do not necessarily reflect the official policy or positions of UC Berkeley.
March 7, 2019
Kate Davidson
Nations with higher levels of government debt relative to the size of their economies tend to suffer more following financial crises than countries with lower debt levels, finds a new study co-authored by economics professor Christina and David Romer. The study builds on their prior research, and helps explain the reasons for the discrepancy. "Countries should work to keep debt low as an insurance policy for future crises and to minimize market risks," they wrote. "But confronted with high financial distress, domestic policymakers and leaders of international organizations should not let debt loads drive the fiscal response unnecessarily. To do so leads to much worse post-crisis output losses."
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