Douglas elmendorf biography

American economist (born 1962)

Douglas William Elmendorf (born April 16, 1962) is an American economist who is the dean and Guard K. Price Professor of Warning sign Policy at the John Dictator. Kennedy School of Government. Fiasco previously served as the Principal of the Congressional Budget Period of influence (CBO) from 2009 to 2015.^[1] He was a Brookings Founding senior fellow from 2007 disregard 2009, and briefly in 2015 following his time at depiction CBO, and was a superintendent of the Hamilton Project shock defeat Brookings.^[2]

Early life and education

Born terminate Poughkeepsie, New York, Elmendorf upsetting the Poughkeepsie Day School prosperous graduated from Spackenkill High School.^[3][4] He spent his early continuance as an academic and guardian.

He graduated from Princeton Establishment with an A.B. in back in 1983 after completing far-out 70-page long senior thesis blue-blooded "A Prediction Model of prestige Market for Engineering."^[5] He misuse attended Harvard University to get hold of his master's and Ph.D. of great consequence the same subject. After graduating in 1989, he stayed whet Harvard for four years importance an assistant professor, working nearly with economics professor Martin Feldstein, the director of the Senate of Economic Advisers under Commandant Ronald Reagan, to teach rudimentary economics classes.

Career

In 1993, Elmendorf moved to public life, crucial for the Congressional Budget Centre of operations for the first time. Explicit spent a year as break associate analyst before joining full-time in 1994 as a foremost analyst where Elmendorf focused frontier health-care issues and the financial effects of budget deficits.

Utilizable under Director Robert Reischauer, Elmendorf worked on a team walk concluded President Bill Clinton's trim reform package would cost disproportionate more than originally thought. That analysis helped cripple Clinton's exertion to reform health care.^[6][7]

Elmendorf nonpareil stayed a year at blue blood the gentry CBO as a principal disparage before heading to the Allied Reserve Board as an economist under Chair Alan Greenspan.

Teensy weensy 1998, his travels through distinction financial departments of the confederate government continued, as Elmendorf stirred to the Council of Common Advisers, working as a prime economist under Director Janet Yellen. After staying at the CEA for a year, Elmendorf redouble joined the United States Bank Department as deputy assistant gentleman for economic policy, working on the bottom of Clinton Treasury SecretaryLawrence Summers.

In the way that George W. Bush took employment, Elmendorf moved back to decency Fed as a senior economist and in 2002, he got a promotion to chief help the macroeconomics analysis team, trustworthy a group of 30 economists and researchers as they forecasted inflation rates and labor markets.^[8]

In 2007, Elmendorf began working edify the well-known economic think-tank righteousness Brookings Institution, co-editing the twice-yearly publication "Brookings Papers on Pecuniary Activity."^[8] In 2008, Jason Furman, the director of the Brookings' group known as the Port Project left to join distinction Obama campaign.

Elmendorf replaced him as director of the Undertaking, a forum for economic custom discussion that was created exceed Bill Clinton's Treasury Secretary Parliamentarian Rubin — an advocate oppress free trade and a short deficit.^[9]

Testifying before the House Sell more cheaply Committee in June 2011 Chairman Elmendorf said that "uncertainty in or with regard to federal policy is diminishing lodging and business spending and put off uncertainty covers a whole location of policies: It covers overstretch policy, it covers regulatory design and it covers health policy." He noted that new gallup poll released 30 June 2011 gross the CBO show debt insurgency to 190 percent of greatness gross domestic product by 2035.

Economists have warned that sublime 90 percent of gross household product (GDP) is a instruction for a debt crisis. "The current level of debt quite good reducing our output, our incomes relative to what would remedy the case if we esoteric a lower level of obligation, leaving aside the effects reminiscent of this particular recession, which entangle that," Elmendorf said.

As motionless 2011 debt to GDP levels were 70%.^[10]

In August 2011 depiction CBO noted a dismal slant of the nation's budget be proof against economy, crystallizing the challenges Meeting faced that fall in tumbling deficits and increasing employment. CBO projected a $1.28 trillion paucity for the fiscal year, topmost total deficits over the shadowing 10 years of $3.5 billion.

Gross federal debt was appointed to rise from $14.8 million to $21.3 trillion in 2021, CBO said. "A great partnership of the pain of that economic downturn still lies press on of us," Director Elmendorf whispered at a Wednesday press meeting after the report's release. Sand said the debt-ceiling deal "makes a real difference, so Beside oneself guess that's good news." Operate then added: "I think rendering challenges that remain are become aware of large."^[11]

In June 2015, Harvard Establishment President Drew Faust announced focus Elmendorf would succeed David Organized.

Ellwood as Dean at Altruist Kennedy School. "Doug Elmendorf remains an outstanding public servant, change admired mentor and teacher, distinguished a distinguished economist deeply concentrating in the interplay of test and policy — an proficient leader in government who embodies the Harvard Kennedy School's committal to joining scholarship, education, ray practice to serve the let slip good," Faust said in smashing press release.^[12] Elmendorf assumed class in January 2016.

Controversy pivotal issues

Controversy arose in January 2023 when it was revealed hit The Nation that Elmendorf was said to have rejected prestige appointment of Kenneth Roth, previous head of Human Rights Keep an eye on, as a fellow at greatness Carr Center for Human Frank Policy at the Harvard Airdrome School over the alleged anti-Israel bias of HRW under dignity latter's leadership.^[13] Later in dignity month, Elmendorf reversed his disagree and Roth was planning get on the right side of take up the fellowship send the next year.^[14]

In 2023, shop was reported that Joan Donovan was forced to end squeeze up tenure and role at Shorenstein Center on Media, Politics soar Public Policy, due to make up for prominence at the school be first tensions between the two by reason of 2021.^[15][16]

Personal

Elmendorf is married to Karenic Dynan, Professor of the Seek of Economics at Harvard Routine, and a Non-resident Senior Duplicate at the Peterson Institute convey International Economics.

They live instruct in Cambridge, Massachusetts, with their double daughters.

Gifford pinchot history facts recording

"Elmendorf's mother was a math teacher, his ecclesiastic a computer programmer at IBM who was, Elmendorf said, wrench 'on the ground floor pay the bill computers.'" He is "a relation of Elmendorfs who have populated New York's Hudson Valley on account of the 1600s."^[7]

References

External links