LAWRENCE H. SUMMERS CURRICULUM VITAE OFFICE 79 John F. Kennedy St. John F. Kennedy School of Government Littauer 244 Harvard University Cambridge, MA 02138 (617) 495-9322 EDUCATION Ph.D., Harvard University, 1982 S.B., Massachusetts Institute of Technology, 1975 EMPLOYMENT Charles W. Eliot University Professor, Harvard University, Cambridge, MA. 2006-2007, 2011-present Assistant to the President for Economic Policy and Director of the National Economic Council. Washington, DC. 2008-2010 President, Harvard University. Cambridge, MA. 2001-2006 Arthur Okun Distinguished Fellow in Economics, Globalization, and Governance, The Brookings Institution. Washington, DC. 2001 Secretary of the Treasury, United States Department of the Treasury. Washington, DC. 1999-2001 Deputy Secretary of the Treasury, Department of the Treasury. Washington, DC. 1995-1999 Undersecretary of the Treasury for International Affairs, Department of the Treasury. Washington, DC. 1993-1995 Vice President of Development Economics and Chief Economist, World Bank. Washington, DC. 1991-1993 Nathaniel Ropes Professor of Political Economy, Harvard University. Cambridge, MA. 1987-1991. Professor of Economics, Harvard University. Cambridge, MA. 1983-1987 Domestic Policy Economist, President’s Council of Economic Advisers, Washington DC 1982-83 Associate Professor of Economics, Massachusetts Institute of Technology. Cambridge, MA. 1982. Assistant Professor, Department of Economics, Massachusetts Institute of Technology. Cambridge, MA 1979-1982 Associate Head Tutor, Department of Economics, Harvard University, 1978-79 PROFESSIONAL ACTIVITIES Board of Trustees, The Brookings Institution, 2002-present Board of Trustees, Committee for Economic Development, 2002-present Board of Directors, Center on Global Development, 2001-present General Member, Council on Competitiveness, 2001-present Member, Trilateral Commission, 2001-present Member, Bretton Woods Committee, 2001-present Board of Directors, Institute for International Economics, 2001-present Member, Inter-American Dialogue, 2001-present Board of Governors, Partnership for Public Service, 2001-present Board of Directors, Global Fund for Children’s Vaccines, 2001-2005 Member, Group of 30, 1997-present Permanent Member, Council on Foreign Relations, 1989-present Editor, Quarterly Journal of Economics, 1984-1990 Executive Committee, American Economic Association, 1989-1992 Member, American Economic Association Commission on Graduate Education, 1988-1990 Board of Advisors, Congressional Budget Office, 1986-1990 National Science Foundation Economics Panel, 1986-1988 Consultant, Foreign Governments of Jamaica, Indonesia, Canada, Mexico, and Japan Program Committee, Econometric Society Meetings, 1982, 1984, AEA Meetings, 1986, 1987 AWARDS AND FELLOWSHIPS Doctor of Philosophy (Hon.), Hebrew University, 2004 Doctor of Laws (Hon.), Princeton University, 2003 Doctor of Social Science (Hon.), Yale University, 2002 John Bates Clark Medal, 1993. Awarded every two years to the outstanding American economist under the age of forty. National Science Foundation, Alan T. Waterman Award, 1987. $500,000 Research Grant awarded every year to honor an exceptional young US scientist or engineer whose work demonstrates originality, innovation, and a significant impact within one’s field. Fellow, American Academy of Arts and Sciences, 1987 Fellow, Econometric Society, 1986 NSF Presidential Young Investigator, 1986 Sloan Foundation Fellowship, 1985 National Tax Association, Outstanding Thesis Award, 1982 David A. Wells Prize, Outstanding Harvard Economics Thesis, 1982 Lehman Prize Fellowship, Graduate School of Arts and Sciences, Harvard University, 1978-79 Outstanding Teaching Fellow in Introductory Economics, Harvard University, 1977 BOOKS Trading Blocs: Alternative Approaches to Analyzing Preferential Agreements. Cambridge, MA: MIT Press, 1999. Banking Crises in Latin America. Washington, DC: Inter-American Development Bank, 1996. Investing in all the People: Educating Women in Developing Countries. Washington, D.C.: The World Bank, 1994. Reform in Eastern Europe. With others. Cambridge, MA: MIT Press, 1991 Understanding Unemployment, MIT Press, 1990 Tax Policy and the Economy (editor), MIT Press, 1987-1990 editions ARTICLES “Is the Rate of Profit Falling?”Brookings Papers of Economic Activity, 1997:1, pp.211-228 (with M. Feldstein). “Inflation, Tax Rules, and the Long Term Interest Rate,”Brookings Papers on Economic Activity, 1978:1, pp. 61- 109 (with M. Feldstein). “Labor Market Dynamics and Unemployment: A Reconsideration,” Brookings Papers of Economic Activity, 1979:1, pp. 13-60 (with K. Clark) “Tax Incidence in a Life Cycle Model with Variable Labor Supply,” Quarterly Journal of Economics, November 1979, pp. 705-718 (with L. Kotlikoff) “Inflation and the Taxation of Capital Income in the Corporate Sector,”National Tax Journal, December 1979, pp. 330-355 (with M. Feldstein). “The Labour Scarcity Controversy Reconsidered,” Economic Journal, March 1980, Vol. 90, pp. 129-139 (with R. Clarke). “Looking for Work: The Nature of Unemployment Reconsidered,” Harvard Business Review, November 1980, pp. 171-18 (with K. Clark). “Inflation and the Taxation of Capital Income in the Corporate Sector: Reply,”National Tax Journal, Vol.33, December 1980, p. 483-488 (with M. Feldstein). “Taxation and Corporate Investment: A Q Theory Approach,” Brookings Papers o Economic Activity, 1981: 1, pp. 67-127. “Measuring Unemployment,” Brookings Papers on Economic Activity, 1981:2, pp. 609-20. “Optimal Inflation Policy,”Journal of Monetary Economics, March 1981, Col. 7, pp. 175-194. “Inflation, the Stock Market, and Owner-Occupied Housing,”American Economic Review, May 1981, pp. 429-34. “Dividing Capital Accumulation into its Life Cycle and Intergenerational Components,” Journal of Political Economy, Vol. 89, August 1981, pp. 706-32 (with L. Kotlikoff). “Capital Taxation and Accumulation in a Life Cycle Growth Model,” American Economic Review, September 1981, pp. 533-44. “Tax Policy and Corporate Investment,” Proceedings Volume of St. Louis Federal Reserve Bank Conference in Supply Side Economics, 1981, pp. 115-45. “The Demographic Composition of Cyclical Employment Variations,” Journal of Human Resources, Winter 1981, Vol. XVI, pp. 61-79 (with K. Clark). “Multiple Shooting in Rational Expectations Models,” Econometrica, September 1982, pp. 729-35 (with J. Poterba, D. Lipton, and J. Sachs). “The Adequacy of Savings,” American Economic Review, December 1982, pp. 1056-69 (with L. Kotlikoff and A. Spivak). “Labour Force Participation: Timing and Persistence,” Review of Economic Studies, Special Issue 1982, pp. 825-44 (with K. Clark). “The Dynamics of Youth Unemployment,” in THE YOUTH LABOR MARKET PROBLEM: ITS NATURE, CAUSES AND CONSEQUENCES, (ed. R. Freeman and D. Wise) (Chicago, Il.: University of Chicago Press, 1982), pp. 199-235 (with K. Clark). “Dividend Taxes, Corporate Investment and Q,” Journal of Public Economics, 1983, pp. 135-167 (with J. Poterba). “The Non-adjustment of Nominal Interest Rates: A Study of the Fisher Effect,” in SYMPOSIUM IN HONOR OF ARTHUR OKUN, (ed. J. Tobin) (Washington, DC: Brookings Institution, 1983), pp. 201-244. “Unemployment Insurance and Labor Force Transitions,” in WORKERS, JOBS AND INFLATION, (ed. M. Baily). (Washington, DC: Brookings Institution, 1983), pp. 279-316 (with K. Clark). “Tax Reform and Corporate Investment: A Microeconomic Simulation Study,” in BEHAVIORAL SIMULATION METHODS IN TAX POLICY ANALYSIS, (ed. M. Feldstein) (Chicago, IL: University of Chicago Press, 1983), pp. 247-287 (with M. Salinger). “Observation of the Indexation of Private Pensions,” in FINANCIAL ASPECTS OF THE UNITED STATES PENSION SYSTEM (ed. J. Shoven and Z. Bodie) (Chicago, IL: University of Chicago Press, 1983), pp. 231-258. “The Taxation of Risky Assets,” Journal of Political Economy, February 1984, pp. 20-39 (with J. Bulow). “Response Variation in the Current Population Survey,” Monthly Labor Review, March 1984, pp. 38-44 (with J. Poterba). “The After-Tax Rate of Return Affects Private Savings,”American Economic Review, May 1984, pp. 244-253. “New Evidence that Taxes Affect the Valuation on Dividends,”Journal of Finance, December 1984, pp. 1397- 1415 (with J. Poterba). “Do Long-Term Interest Rates Overreact to Short-Term Interest Rates?” Brookings Papers on Economic Activity, 1984:1, pp. 223-243 (with N. G. Mankiw). “Perspectives on High World Real Interest Rates,” Brookings Papers on Economic Activity, 1984:12, pp. 273-325 (with O. Blanchard). “The Long-Term Effects of Current Macroeconomic Policies,” in THE LEGACY OF REAGANOMICS (eds. C. Hulten and I. Sawhill) (Washington, DC: Urban Institute Press, 1984), pp. 179-198. “Intertemporal Substitution in Macroeconomics,” Quarterly Journal of Economics, February 1985, pp. 225-252 (with N. G. Mankiw and J. Rotemberg). “The Strategic Bequest Motive,” in Journal of Political Economy, December 1985, pp. 1045-1076 (with D. Bernheim and A. Shleifer). “The Economic Effects of Dividend Taxation,” in RECENT ADVANCES IN CORPORATE FINANCE (eds. E. Altman and M. Subrahmanyam) (Homewood, IL: Dow-Jones-Irwin Publishing, 1985), pp. 227-284 (with J. Poterba). “Chief Executive Background and Firm Performance,” in THE UNEASY ALLIANCE, Harvard Business School’s 75th Anniversary Colloquium (Cambridge, MA: Harvard Business School Press, 1985) pp. 115-143. “The Asset Price Approach to the Analysis of Capital Income Taxation,” in ISSUES IN CONTEMPORARY MACROECONOMICS AND DISTRIBUTION, (ed. G. Feiwel) (London: MacMillan,