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Session 24: Two Views on Fiscal Policy from Hands-on Practitioners
Links of Interest
CBO Budget and Economic Outlook: 2008- 2017
US Treasury Office of Economic Policy
Presentations
Speakers
Ellen Hughes-Cromwick
Chief Economist
Ford Motor Company, moderator
Donald B. Marron
Deputy Director
Congressional Budget Office
Donald B. Marron became CBO's Deputy Director in October 2005 and began serving as Acting Director as of December 30. Previously, Dr. Marron served as Chief Economist for the President's Council of Economic Advisers. In that capacity, he analyzed a broad range of fiscal, regulatory, and macroeconomic policies and directed a team that monitored the state of the economy and developed economic forecasts.
Prior to holding that post, Dr. Marron was the Executive Director and Chief Economist of the Congress's Joint Economic Committee, where he led a team that advised Members of Congress and Congressional staff about the performance of the economy, fiscal policy challenges, and the impacts of legislative proposals.
Before his government service, Dr. Marron was chief financial officer of a medical software start-up in Austin, Texas, and a principal and senior associate with the Washington, D.C., office of Charles River Associates, where he provided business consulting and litigation support to companies in a variety of industries. He also served as an assistant professor of economics at the University of Chicago's Graduate School of Business from 1994 to 1998, where he taught courses in microeconomics, entrepreneurial finance and private equity, and environmental policy.
Dr. Marron has published articles on a broad range of topics, including tax policy, intellectual property, and energy and environmental policy.
Phillip L. Swagel
Assistant Secretary for Economic Policy
U.S. Treasury Department
Phillip L. Swagel was sworn in as Assistant Secretary for Economic Policy on December 11, 2006. He advises the Secretary on all aspects of economic policy, including current and prospective macroeconomic developments and the development and analysis of the Administration’s economic initiatives.
Mr. Swagel was a resident scholar at the American Enterprise Institute from March 2005 through October 2006, where he conducted research on domestic and international economic issues. He served as chief of staff at the White House Council of Economic Advisers from July 2002 to February 2005, and was a senior economist at the Council from August 2000 to July 2001. Mr. Swagel was also previously an economist at the Federal Reserve Board and the International Monetary Fund, and has taught courses on macroeconomics and international economics at Northwestern University and the University of Chicago Graduate School of Business. He has published articles in academic journals and the mainstream press on topics including economic growth, international trade, and international finance.
Mr. Swagel graduated from Princeton University with an AB in economics, and received his PhD in economics from Harvard University. He lives in Maryland with his wife and three children.
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