Christina Romer is excellent in this video on her work and influence. Obama had a great line. When Romer, clearly upset, told Obama that the economy was much worse than expected and heading downwards he replied, “Christy, it’s not your fault….yet.”
An interesting tension in Romer’s work. Her early work suggests that macroeconomic policy has not done much to stabilize the economy. Yet her later work has been in trying to stabilize the economy!