Christina Romer Speech Analysis
On April 19th 2010, Christina Romer (head of Barack Obama’s council of economic
advisors) had given a speech about the state’s economy. She has specifically targeted the
undeniably high rise of unemployment. Christina Romer explains how the unemployment
rate is producing severely below its capacity. Other economist like Romer has proposed
that the cause of this long-term unemployment is due several potential structural factors
such as… “skills mismatch, skill erosion among the long-term unemployed, and the effects
of extensions of unemployment insurance benefits.” Romer states that a continuous gap
between actual and potential output seems to be notable one. It is because of this significant
gap, it has created a recurring
advisors) had given a speech about the state’s economy. She has specifically targeted the
undeniably high rise of unemployment. Christina Romer explains how the unemployment
rate is producing severely below its capacity. Other economist like Romer has proposed
that the cause of this long-term unemployment is due several potential structural factors
such as… “skills mismatch, skill erosion among the long-term unemployed, and the effects
of extensions of unemployment insurance benefits.” Romer states that a continuous gap
between actual and potential output seems to be notable one. It is because of this significant
gap, it has created a recurring