Biography provided by participant
Doug Elmendorf is a senior fellow in the Economic Studies program at the Brookings Institution. He is the Edward M. Bernstein Scholar, serves as co-editor of the Brookings Papers on Economic Activity, and is the director of the Hamilton Project, an initiative that develops policy proposals to achieve shared economic growth. His areas of expertise are macroeconomics, the financial system, public economics, and fiscal policy. Elmendorf was previously an assistant professor at Harvard University, a principal analyst at the Congressional Budget Office, a senior economist at the White House Council of Economic Advisers, a deputy assistant secretary for economic policy at the Treasury Department, and an assistant director of the Division of Research and Statistics at the Federal Reserve Board. In these positions he worked on budget policy, Social Security reform, Medicare and national health reform, financial-market issues, macroeconomic analysis and forecasting, and other topics. He earned his PhD and AM in economics from Harvard University, where he was a National Science Foundation Graduate Fellow, and his AB summa cum laude from Princeton University.
Elmendorf's current research focuses on policy responses to the current mortgage and financial crisis and on economic volatility at the aggregate and household levels. For example, he recently completed a report with Martin Baily and Robert Litan on the causes and policy implications of the credit squeeze. He also recently wrote a paper with Karen Dynan and Dan Sichel showing that household income has become more volatile during the past thirty years. Elmendorf's published research includes: "The Deficit Gamble" in the Journal of Money, Credit, and Banking, November 1998, with Larry Ball and Greg Mankiw; "Restraining the Leviathan: Property Tax Limitation in Massachusetts" in the Journal of Public Economics, March 1999, with David Cutler and Richard Zeckhauser; "Government Debt" in the Handbook of Macroeconomics, 1999, with Greg Mankiw; "Should America Save for its Old Age? Fiscal Policy, Population Aging, and National Saving" in the Journal of Economic Perspectives, Summer 2000, with Louise Sheiner; "Social Security Reform and National Saving in an Era of Budget Surpluses," in the Brookings Papers on Economic Activity, Fall 2000, with Jeff Liebman; "Fiscal Policy and Social Security Policy during the 1990s" in American Economic Policy in the 1990s, with Jeff Liebman and David Wilcox; "Short-Run Effects of Fiscal Policy with Forward-Looking Financial Markets," in the National Tax Journal, September 2002, with Dave Reifschneider; and "Can Financial Innovation Help to Explain the Reduced Volatility of Economic Activity?" in the Journal of Monetary Economics, January 2006, with Karen Dynan and Dan Sichel.
Douglas Elmendorf has no recent responses.
