Matthew_McCoy_Week_7_Chapter_30_Assignment

Matthew_McCoy_Week_7_Chapter_30_Assignment - Matthew McCoy...

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Matthew McCoy ECON201 Week 7 Chapter 30 Assignment July 21, 2011 Professor John Volpe 1. What is the role of the Council of Economic Advisers (CEA) as it relates to fiscal policy? Use an Internet search to find the names and university affiliations of the present members of the CEA. The CEA is a group of three economists appointed by the president to provide expertise and assistance on economic matters. Discretionary fiscal policy is often initiated on the CEA’s advice (McConnell, Brue, & Flynn, 2011, p. 614). The current members of the CEA are Chairman Austan Goolsbee, Dr. Katharine G. Abraham, and Carl Shapiro. Austan Goolsbee is the chairman of President Barack Obama’s Council of Economic Advisers and a member of the Cabinet (whitehouse.gov, 2009). Goolsbee is on leave from the University of Chicago’s Booth School of Business, where he researched tax policy, American industry, technology and innovation as the Robert P. Gwinn Professor of Economics. He was an economic adviser to Obama’s 2004 Senate campaign before serving as a senior economic adviser to Obama’s 2008 presidential campaign (whitehouse.gov, 2009). Prior to joining the Obama Administration, Goolsbee was a member of the Panel of Economic Advisers to the Congressional Budget Office, a research associate at the National Bureau of Economic Research, and a research fellow at the American Bar Foundation. He was also a member of the U.S. Census Advisory Committee (whitehouse.gov, 2009). Goolsbee is a former Fulbright Scholar and Alfred P. Sloan Fellow. He was selected as one of The Financial Times’ six “Gurus of the Future”/Best under 40 (2005) and named a Young Global Leader at the 2005 World Economic Forum. An economics columnist for Slate and The New York Times , Goolsbee was awarded the 2006 Peter Lisagor Award for Exemplary Journalism (whitehouse.gov, 2009).
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Goolsbee earned his bachelor’s and master’s degrees in economics from Yale University in 1991 and his Ph.D in economics from the Massachusetts Institute of Technology in 1995 (whitehouse.gov, 2009). Katharine G. Abraham is a member of the Council of Economic Advisers and is responsible for offering the President objective advice on the formulation of economic policy. Abraham is currently on leave from the University of Maryland, where she is a faculty associate in the Maryland Population Research Center and a professor in the Joint Program in Survey Methodology (whitehouse.gov, 2009). Abraham’s research has included work on employment and unemployment, labor market policy and the measurement of economic activity (whitehouse.gov, 2009). Nominated by President William J. Clinton, Abraham served as Commissioner of the Bureau of Labor Statistics from 1993-2001. Prior to that, she held appointments in the Department of Economics, University of Maryland; the Brookings Institution; and the Sloan School of Management, Massachusetts Institute of Technology. She is a Fellow of the Society of Labor Economists and of the American
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This note was uploaded on 09/24/2011 for the course ECON 202 taught by Professor Unknown during the Spring '08 term at Mountain State.

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Matthew_McCoy_Week_7_Chapter_30_Assignment - Matthew McCoy...

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