Senior Fellow

Douglas W. Elmendorf

Senior Fellow, Economic Studies
Director, The Hamilton Project

Doug Elmendorf, whose federal posts have included the Federal Reserve Board, U.S. Treasury Department, Council of Economic Advisors, and Congressional Budget Office, focuses his research on macroeconomics and fiscal policy. He is co-editor of the Brookings Papers on Economic Activity and director of The Hamilton Project, an initiative that develops policy proposals to achieve shared economic growth.

Expertise

Macroeconomics; Public economics; Fiscal policy

“Without government action, mortgage foreclosures will rise steeply for the next several years, mainly because declining house prices will leave many property owners with negative equity…In deciding how to proceed, policymakers should weigh the fairness of alternative approaches and effects on future mortgage credit together with the consequences of inaction for households and the overall economy.”