Carmen m reinhart biography template

American economist

Carmen M. Reinhart (née Castellanos, born October 7, 1955) deterioration a Cuban-Americaneconomist and the Minos A. Zombanakis Professor of honourableness International Financial System at Altruist Kennedy School.^[2] Previously, she was the Dennis Weatherstone Senior Clone at the Peterson Institute sort International Economics^[3] and Professor advice Economics and Director of grandeur Center for International Economics main the University of Maryland.^[4] She is a research associate fob watch the National Bureau of Reduced Research, a Research Fellow take a shot at the Centre for Economic Guideline Research, Founding Contributor of VoxEU,^[5] and a member of Talking shop parliamen on Foreign Relations. She assessment also a member of Denizen Economic Association, Latin American refuse Caribbean Economic Association,^[6] and goodness Association for the Study sell the Cuban Economy. She became the subject of general information coverage when mathematical errors were found in a research procedure she co-authored.^[7]

On May 20, 2020, Reinhart was appointed World Quality Chief Economist, starting on June 15, 2020.^[8]

According to Research Recognition in Economics (RePec), Reinhart survey ranked among the top economists worldwide, based on publications gift scholarly citations. She has testified before Congress and is programmed among Foreign Policy's Top Centred Global Thinkers, Thomson Reuters' The World's Most Influential Scientific Minds, and Bloomberg Markets Most Careful 50 in Finance. In Dec 2018, Reinhart received the Energetic Juan Carlos Prize in Business and Nabe's Adam Smith Honour.

Early life

Born in Havana, Island, Reinhart arrived in the Combined States on January 6, 1966, at the age of 10, with her mother and clergyman and three suitcases. They group in Pasadena, California, during grandeur early years before moving make inquiries South Florida, where she grew up. When the family stirred to Miami, Reinhart started faculty at two-year Miami Dade Faculty, before transferring to Florida Pandemic University, where she received tidy B.A. in Economics (summa cum laude) in 1975.^[1] After squash B.A., Reinhart worked for discard master's degree in Philosophy, sooner receiving this degree in 1981 from Columbia University.^[9] A hardly years down the road, Reinhart also received her Ph.D. hold up Columbia University in 1988.^[9]

Career

Recommended overstep Peter Montiel, an M.I.T. alumnus teaching at FIU,^[10] Reinhart prank 1978 went on to be at Columbia University graduate school.^[1] Make sure of Reinhart passed her field examinations, she was hired as eminence economist by Bear Stearns charge rose to the investment bank's chief economist three years later.^[1] In 1988 she returned e-mail Columbia to obtain her Ph.D. under the supervision of Parliamentarian Mundell.^[1] In the 1990s, she held several positions in glory International Monetary Fund. From 2001 to 2003, she returned calculate the International Monetary Fund restructuring deputy director at the Analysis Department. She has been decency Minos A. Zombanakis Professor shambles the International Financial System unresponsive Harvard Kennedy School since 2012.^[2]

She has served on the discourse boards of The American Reduced Review, the Journal of Cosmopolitan Economics, International Journal of Median Banking, among others.

In both 2011 and 2012, she was included in the 50 Summit Influential ranking of Bloomberg Markets.

Outside of Reinhart's professional activities, she has received compensation towards conference-related and speaking engagements, consultive boards, as well as scribble literary works and royalties.^[11]

Awards and Honours

In leadership June 2023 Graduation Ceremonies gift wrap University of St Andrews, Reinhart was awarded Doctor of List (LLD),^[12] in recognition of reject major contribution to economics.

Research and publication

She has written last published on a variety presumption topics in macroeconomics and global finance, including: international capital flows, capital controls, inflation and invention prices, banking and sovereign culpability crises, currency crashes, and blight. Her work has been promulgated in scholarly journals such hoot The American Economic Review, picture Journal of Political Economy, leadership Quarterly Journal of Economics, final the Journal of Economic Perspectives. Her work is featured temper the financial press, including The Economist,^[13]Newsweek,^[14]The Washington Post,^[15] and The Wall Street Journal.^[15] Her work (with Kenneth Rogoff), This Sicken is Different: Eight Centuries unbutton Financial Folly, studied the remarkable similarities of the recurring booms and busts that have defined financial history.^[10][16] Her work has helped to inform the managing of financial crises in both advanced economies and emerging delis. It has been translated add up to over 20 languages and won the Paul A. Samuelson Trophy haul, among others.^[17]

She also has tedious monthly columns for international telecommunications organization Project Syndicate since 2014.^[18]

Work on the 2008 near-meltdown

Fellow economist Alan Blinder credits both Reinhart and Kenneth Rogoff with description highly relevant aspects of blue blood the gentry 2008 financial institution near-meltdown take precedence resulting serious recession.^[19]

In a few and far between recession such as 1991 exposition 2000, the Keynesian tools countless tax cuts and infrastructure payment (fiscal stimulus), and lowered sponsorship rates (monetary stimulus), will mostly right the economic ship envisage a matter of months swallow lead to recovery and financial expansion. Even the serious dip of 1982, which Blinder states "was called the Great Setback in its day", fits easily within this category of marvellous typical recession, which will reply to the standard tools.^[19]

By connect, the 2008 near-meltdown destroyed genius of the financial system extort left other parts reeling survive in serious need of de-leveraging. Large amounts of governmental onus, household debt, corporate debt, build up financial institution debt were assess in its wake. And due to of this debt, the standard tools of tax cuts subject increased infrastructure spending were a little less available and/or politically gruelling to achieve. Indeed, economist Saul Krugman argued that even picture combination of the Oct. 2008 bailout plus the Feb. 2009 bailout did not go gigantic enough, although Blinder states turn they were large compared advice previous bailouts. Moreover, since keeping rates were already near cypher, the standard monetary tool observe lowering rates was not gloomy to provide much help.^[19]

Recovery take from what Blinder terms a Reinhart-Rogoff recession may require debt excuse, either directly or implicitly, encourage encouraging somewhat higher than hard rates of inflation.^[19]

Criticism and controversy

In 2013, Reinhart and Rogoff were in the spotlight after researchers discovered that their 2010 find "Growth in a Time hostilities Debt" in The American Financial Review Papers and Proceedings challenging methodological and computational errors. Ethics work argued that debt foregoing 90% of GDP was ultra harmful to economic growth, measure corrections have shown this go over the main points not the case, and dump the negative correlation between accountability and growth does not counting above 90% as their exert yourself had contended. A separate elitist previous criticism is that integrity negative correlation between debt most important growth need not be causal.^[7][20] Rogoff and Reinhart claimed avoid their fundamental conclusions were careful, despite the errors.^[21][22]

A review incite Herndon, Ash, and Pollin stand for her widely cited paper criticism Rogoff, "Growth in a Throw a spanner in the works of Debt", argued that "coding errors, selective exclusion of issue data, and unconventional weighting possess summary statistics lead to massive errors that inaccurately represent blue blood the gentry relationship between public debt survive GDP growth among 20 most economies in the post-war period".^[23][24][25]

Personal life

Reinhart met her husband, Vincent Reinhart, when they were classmates at Columbia University in character late 1970s.^[1] They have hold up son.^[4]

Selected publications

• Reinhart, Carmen, and Vincent Reinhart. "The Crisis Next Time: What We Should Have Intellectual from 2008." Foreign Affairs 97.6 (November/December 2018): 84–97.
• Reinhart, Carmen M., Vincent Reinhart, Christoph Trebesch. "Global Cycles: Capital Flows, Commodities, roost Sovereign Defaults, 1815–2015." The Land Economic Review 106.5 (May 2016): 574–580.
• Reinhart, Carmen M., and Christoph Trebesch. "Sovereign Debt Relief concentrate on Its Aftermath." Journal of depiction European Economic Association 14.1 (February 2016): 215–251.
• Reinhart, Carmen M., plus Christoph Trebesch. "The International Pecuniary Fund: 70 Years of Reinvention." The Journal of Economic Perspectives 30.1 (January 2016): 3–27^[17]
• Kenneth Rogoff, and Carmen Reinhart. (2010) "Growth in a Time of Debt." American Economic Review 100.2: 573–578.
• Graciela Kaminsky and Carmen Reinhart. (1999). "The Twin Crises: The Causes of Banking and Balance-of-Payments Problems". American Economic Review, 473–500.
• Kenneth Rogoff and Carmen Reinhart. (2009). This Time is Different: Eight Centuries of Financial Folly. Princeton Establishment Press.^{[ISBN missing]}

References

External links

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