Christina Romer Quotes

Tax increases appear to have a very large sustained and highly significant negative impact on output.

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.

Climate change and dependence on foreign oil are problems that won't go away on their own. Tabling plans to deal with them doesn't make it easier for companies to plan and invest; it makes it harder.

A natural way that an economist approaches a problem is to say, here's where I think the economy is going; this is what we need to deal with the problem.

What I desire to point out is that I wish the law was not so, but that being the law, I must follow it.

Making labor less expensive helps firms hire people.

Raising the minimum wage, as President Obama proposed in his State of the Union address, tends to be more popular with the general public than with economists.

Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.

Honest talk about the deficit is risky. Voters are more enthusiastic about the abstract notion of deficit reduction than about the painful details of accomplishing it.

Fewer people working means permanently lower tax revenues.

I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do.

The very first email I got [was] from a women's group saying 'We don't want this stimulus package to just create jobs for burly men.'

You care about the deficit because it allows you to do things you need to do to help people who are suffering.

As a former member of President Obama's economic team, I have a soft spot for the fiscal stimulus legislation he signed just a month after his inauguration.