Presidential Young Investigator Award

该奖项为克里斯蒂娜·罗默博士提供支持， 科学基金会的总统青年研究者奖计划。 该计划的目标是为研究提供支持， 全国最优秀最有前途的青年理工科 教师。 该奖项旨在提高美国的能力。 学术机构应对高素质的需求 从事学术和工业研究的科学和工程人员 和教学 该奖项将使研究人员能够继续她的研究， 系统地将现代宏观经济学与经济史联系起来。 她的主要研究成就之一是挑战了 用于分析战前商业周期的数据。 上世纪六七十年代， 经济学家倾向于将战前对这些指标的估计视为总量 国民生产总值或失业率与现代 估算 然后，他们用这些数据来论证商业周期 在世纪早期变得不那么严重， 最近的时代。 罗默博士的工作与此截然相反 接受调查结果表明，战前估计的大多数主要 经济健康指标的构建方式， 突出的战前周期 当这些偏见被消除时，新的 战前的估计表明，大萧条前后的周期 抑郁症的严重程度大致相同。 通过测量输出， 她始终认为，战前和战后的大部分 差异的原因是， 后期。 这一发现很重要，因为它推翻了 货币经济学家使用的观察，例如，诺贝尔奖得主 米尔顿弗里德曼和凯恩斯主义经济学家，例如，诺贝尔奖获得者詹姆斯 托宾和弗朗哥·莫迪利亚尼，强烈支持他们的 各自的理论。 现在，她提出了另一个挑战，这次是 关于宏观经济的普遍看法是， 导致真实的产出的变动。 这项研究涉及调查 事实上是否存在可识别的统计关系 特别是在货币供应的戏剧性运动之间， 战前时代和行为的真实的经济和关闭 检查历史记录，看看是否有大的运动， 与金融恐慌相关的资金应被视为外生的 事件或作为内源性运动引发的早期状态的一个 萧条 罗默博士激发了人们对进化的新兴趣 她将继续成为美国经济的主要贡献者 对它的重新解释。虽然过去的证据经常 罗默博士的研究被用来说明或阐明， 区别在于历史分析的深度及其在 提出了有能力重塑宏观经济的相关假设 理论

This award provides support to Dr. Christina Romer under the National Science Foundation's Presidential Young Investigator Awards Program. The objectives of this program are to provide research support to the Nation's most outstanding and promising young science and engineering faculty. The awards are intended to improve the capability of U.S. academic institutions to respond to the demand for highly qualified science and engineering personnel for academic and industrial research and teaching. This award will allow the investigator to pursue her research which systematically links modern macroeconomics with economic history. One of her major research accomplishments has been to challenge the data used to analyze prewar business cycles. In the 1960s and 1970s, economists tended to view prewar estimates of such indicators as gross national product or the unemployment rate as comparable with modern estimates. They then used these data to argue that business cycles had gotten much less severe between the early 20th century and the more recent era. Dr. Romer's work directly contradicted this widely accepted finding by showing that the prewar estimates of most major indicators of economic health were constructed in a way that accentuated prewar cycles. When these biases were removed, the new prewar estimates showed that cycles before and after the Great Depression were of roughly equal severity. Thus, by measuring output in a consistent way, she found that much of the pre- and post-war difference was the result of a better data base for measurement in the latter period. This finding is important for it overthrows the key observation used by both monetary economists, e.g., Nobel Laureate Milton Friedman, and Keynesian economists, e.g., Nobel Laureates James Tobin and Franco Modigliani, as being strongly supportive of their respective theories. Now, she proposes another challenge, this time to the widely held belief about the macroeconomy that movements in money cause movements in real output. This research involves investigating whether there is in fact an identifiable statistical relationship between particularly dramatic movements in the supply of money in the prewar era and the behavior of the real economy and the close examination of the historical record to see if the large movements of money associated with financial panics should be viewed as exogenous events or as endogenous movements triggered by the early states of a depression. Dr. Romer has stimulated a new interest in the evolution of the American economy and she will continue to be a major contributor to reinterpretations of it. While evidence from the past has often been used to illustrate or illuminate, Dr. Romer's research is differentiated by the depth of the historical analysis and its use in posing relevant hypotheses that have the power to reshape macroeconomic theory.