Paul Romer

Paul Romer
Romer smiling
Romer in 2005
Chief Economist of the World Bank
In office
October 2016 – January 24, 2018
PresidentJim Yong Kim
Preceded byKaushik Basu
Succeeded byShanta Devarajan (Acting)
Personal details
Born
Paul Michael Romer

(1955-11-06) November 6, 1955 (age 69)
Denver, Colorado, U.S.
EducationPhillips Exeter Academy University of Chicago (SB, PhD)
Massachusetts Institute of Technology
Queen's University
AwardsNobel Memorial Prize in Economic Sciences (2018)
WebsiteOfficial website
Scientific career
FieldsEconomics
InstitutionsNew York University
Stanford University
UC Berkeley
University of Chicago
University of Rochester
ThesisDynamic competitive equilibria with externalities, increasing returns and unbounded growth (1983)
Doctoral advisorJosé Scheinkman
Robert Lucas Jr.
Other academic advisorsRussell Davidson
Ivar Ekeland
Doctoral studentsSérgio Rebelo
Maurice Kugler

Paul Michael Romer (born November 6, 1955)[1] is an American economist and policy entrepreneur who is a University Professor in Economics at Boston College.[2] Romer is best known as the former Chief Economist of the World Bank and for co-receiving the 2018 Nobel Memorial Prize in Economic Sciences (shared with William Nordhaus) for his work in endogenous growth theory.[3] He also coined the term "mathiness," which he describes as misuse of mathematics in economic research.

Before joining Boston College, Romer was a professor at NYU, the University of Chicago, the University of California, Berkeley, Stanford University's Graduate School of Business,[4] and the University of Rochester.[5][6] Romer was chief economist and senior vice president of the World Bank until he resigned in January 2018 following a controversy arising from his claim of possible political manipulation of Chile's "ease of doing business" ranking.[7][8] Romer took leave from his position as professor of economics at NYU when he joined the World Bank, and returned to NYU after his term. In addition, he has also been a researcher at the National Bureau of Economic Research, Stanford's Center for International Development, the Stanford Institute for Economic Policy Research, the Hoover Institution, as well as a fellow at the American Academy of Arts and Sciences and the Center for Global Development.[5][9]

  1. ^ Cite error: The named reference thesis-romer-1983 was invoked but never defined (see the help page).
  2. ^ "Paul Romer". paulromer.net. Retrieved June 22, 2021.
  3. ^ "The Prize in Economic Sciences 2018 Press Release" (PDF). Nobelprize.org. October 8, 2018.
  4. ^ "N.Y.U. Lands Top Economist for Cities Project". New York Times. May 27, 2011. Retrieved May 27, 2011.
  5. ^ a b "CV (PAUL M. ROMER)" (PDF). Archived from the original (PDF) on October 9, 2018. Retrieved October 11, 2019.
  6. ^ "Paul Romer". paulromer.net. Retrieved October 8, 2018.
  7. ^ Donnan, Shawn (January 25, 2018). "Outspoken World Bank chief economist Paul Romer exits: Emails reveal clashes over issues ranging from grammar to methodology". Financial Times.
  8. ^ Cite error: The named reference Reuters2018-01-24 was invoked but never defined (see the help page).
  9. ^ "Risk and Return". Hoover Digest. No. 2. 1996. Archived from the original on August 2, 2012.