[4] In a January 2009 video presentation,[5] she discussed details of the job creation program that the Obama administration submitted to Congress.

Romer showed that much of what had appeared to be a decrease in volatility was due to better economic data collection, although recessions have become less frequent over time.

Romer showed that New Deal fiscal policy measures, though innovative, were very insufficient, and dwarfed by Hoover's tax increase two years earlier.

This monetary policy came first from the devaluation of the dollar in terms of gold in 1933–1934, and later from the flight of European capital to the relatively stable US as war in Europe became more likely.

[11] Her recent work (with David Romer) has focused on the impact of tax policy on government and general economic growth.

"[14] She is a former vice president of the American Economic Association, a John Simon Guggenheim Memorial Foundation Fellowship recipient, a fellow of the American Academy of Arts and Sciences, a winner of the Berkeley Distinguished Teaching Award, and a winner of the Council for Economic Education's Visionary Award.

[22] Romer was approached by the Obama transition team in November 2008 about the position of CEA chair because of her deep knowledge of the Great Depression.

[23] In late 2008, along with fellow economic advisors Larry Summers and Peter R. Orszag, she presented then-President-elect Barack Obama with recommendations for a stimulus package.

[23] In late October 2011, Romer published an editorial in The New York Times calling upon Federal Reserve Chair Ben Bernanke to begin targeting nominal GDP, citing arguments made by economists Greg Mankiw, Robert Hall, and Scott Sumner.