Authors

Karen Dynan

Professor of the Practice of Economic Policy

Harvard University

KAREN DYNAN is a Professor of the Practice in the Harvard University Department of Economics and at the Harvard Kennedy School. She is also a senior fellow at the Peterson Institute for International Economics and the chair of the American Economic Association Committee on Economic Statistics. She previously served as Assistant Secretary for Economic Policy and Chief Economist at the U.S. Department of the Treasury from 2014 to 2017. From 2009 to 2013, Dynan was vice president and co-director of the Economic Studies program at the Brookings Institution. Before that, she was on the staff of the Federal Reserve Board, leading work in macroeconomic forecasting, household finances, and the Fed’s response to the financial crisis. Dynan has also served as a senior economist at the White House Council of Economic Advisers (2003-2004) and as a visiting assistant professor at Johns Hopkins University (1998). Her current research focuses on macroeconomic policy, consumer behavior, and household finances. Dynan received her Ph.D. in economics from Harvard University and her A.B. from Brown University.

Publications

High and Rising US Federal Debt: Causes and Implications

The outlook for federal debt represents a significant economic challenge for the United States. Economic developments and policy changes over the past two decades have materially raised the level of current and projected debt, but the primary factors behind the projected upward trajectory of debt remain population aging and rising health care spending. Even under ...