Christina Romer to step down

And Peter Diamond won't be confirmed for the Fed.  Mark Thoma has the scoop.  Here is one commentary, which I cannot vouch for; it concerns a potential clash with Summers.


Romer is the 10th CEA chair in the 18 years since Clinton took office. It's hardly unusual for a CEA chair to step down after 2 years. There's no reason to believe "clashes" with anyone were a significant factor in her resignation.

It couldn't possibly be that paper - The Macroeconomic Effects of Tax Changes:
Estimates Based on a New Measure of Fiscal Shocks. She just didn't learn.

She must have gotten terminally embarrassed by having to alibi for BO.

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