Making labor less expensive helps firms hire people. Christina Romer expensivefirmhelp Change image and share on social
I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do. Christina Romer financialforceinstitution Change image and share on social
If every other store in town is paying workers $9 an hour, one offering $8 will find it hard to hire anyone - perhaps not when unemployment is high, but certainly in normal times. Robust competition is a powerful force helping to ensure that workers are paid what they contribute to their employers' bottom lines. Christina Romer bottomcompetitioncontribute share on social
The central question is whether Medicare and Medicaid should remain entitlement programs guaranteeing a certain amount of care, as Democrats believe, or become defined contribution programs in which federal spending is capped, as Republicans suggest. Christina Romer amountcapcare share on social
Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant. Christina Romer effectestimategdp Change image and share on social
The most effective way to shake an economy out of a terrible downturn when we're at the zero lower bound is an aggressive change in policy that makes people wake up, say 'this is a new day' and change their expectations. Christina Romer aggressivebindchange share on social
What we're going to do is redouble our efforts on financial regulatory reform, because that has in it sensible things like say on pay, so at least the shareholders are minding the store, sensible things like saying, for heaven's sakes, compensation should be focused on - on long term, so that you don't have rewards for short-term risk-taking. Christina Romer compensationeffortfinancial share on social
If increasing income equality is the goal, it might be wiser to put money into infrastructure than to subsidize manufacturing. Construction also pays good wages, but with lower educational requirements. And America's infrastructure needs are enormous. Christina Romer americaconstructioneducational share on social