Valerie Ramey is a senior fellow at the Hoover Institution and a research associate of the National Bureau of Economic Research (NBER). She is also a professor emeritus at the University of California–San Diego, where she taught for thirty-six years. Ramey is also a research fellow of the Center for Economic Policy and Research, a member of the American Academy of Arts and Sciences, and a fellow of the Econometric Society. She has served as coeditor of the American Economic Review and as a member of several National Science Foundation advisory panels and the Federal Economic Statistics Advisory Committee. She currently serves on the Panel of Economic Advisers for the Congressional Budget Office and on the NBER Business Cycle Dating Committee. She is an associate editor of the Quarterly Journal of Economics and a coeditor of the NBER Macro Annual.

Ramey earned a PhD in economics from Stanford University. She has published numerous scholarly and policy-relevant articles on macroeconomic topics such as the sources of business cycles, the effects of monetary and fiscal policy, and the impact of volatility on growth. She has also written numerous articles on trends in wage inequality and in time use, such as the increase in time investments in children by educated parents. Her recent work has studied the size of government spending multipliers and has estimated the projected effects of climate change on economic growth. Her work has been featured in major media, such as the Wall Street Journal and the New York Times.

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