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Daniel Tarullo

I read his comment (JSTOR) on Richard Cooper's paper on capital controls.  Tarullo is very willing to countenance the notion, in a way that might appeal to Dani Rodrik.  He even considers the notion that perhaps such controls should be permanent for some countries.

Here is some of his policy work, mostly centrist Democrat it seems.  Here is his testimony on reforming the IMF and World Bank.  He wants to make the Bank smaller, hire fewer academic economists, devote more attention to project evaluation, and (good luck) restructure the dysfunctional role of the Bank's governing board.  He wants to give greater IMF quotas to the rising economic powers such as China.

He just wrote a whole book picking apart Basel II; here is a summary of his conclusions.  They make sense but somehow they don't read as if he is getting to the heart of the matter.  When he writes he is reluctant to generalize.  The Basel work is probably one reason why Obama nominated him for the Board of Governors.  He is much more a "regulation guy" than a "monetary policy" guy.  That suggests he won't challenge Bernanke on monetary policy.  Overall it is another sign that Obama is committed to making high-IQ, high experience, high quality economic nominations.

He teaches law at Georgetown.  He is currently working on a book on international banking regulation; basic biographical information is here.  He won't get to finish the book.

Posted by Tyler Cowen on December 18, 2008 at 07:15 PM in Economics | Permalink

Comments

"Obama is committed to making high-IQ, high experience, high quality economic nominations"
You mean there was a time when those weren't the criteria for economic nominations

Posted by: JsAs at Dec 18, 2008 9:20:42 PM

Interestingly, he started off life as a critical theory guy at Harvard Law and his denial of tenure caused a bit of stink. I gather that he's changed a bit ideologically...

http://query.nytimes.com/gst/fullpage.html?res=9B0DE7DC1138F933A0575BC0A961948260&scp=1&sq=daniel%20tarullo%20harvard&st=cse

From 1987...

The controversy over Ms. Dalton, an assistant professor, and Mr. Trubek, a visiting professor from the University of Wisconsin, led to protests reminiscent of those that occurred the year before when another C.L.S. scholar, Daniel K. Tarullo, was denied tenure.

Posted by: maybe at Dec 18, 2008 9:24:29 PM

"Obama is committed to making high-IQ, high experience, high quality economic nominations"

Interesting. Weren't these the same type of folks that dreamed up the weapons of mass recession?


Posted by: Superheater at Dec 20, 2008 4:47:41 PM

I would be more impressed with his economic nominations if they weren't suggesting "fiscal stimulus" that you say is unsupported by proof. What good is high-IQ or high-experience if they just give us the same old Keynesian claptrap?

Posted by: Patri Friedman at Dec 20, 2008 8:30:11 PM

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