Phillip Swagel, an economist and academic, was assistant secretary for economic policy at the Treasury Department from 2006 to 2009, where he was responsible for analysis on a wide range of economic issues, including policies relating to the financial crisis and the Troubled Asset Relief Program. He has also served as chief of staff and senior economist at the White House Council of Economic Advisers and as an economist at the Federal Reserve Board and the International Monetary Fund. He is concurrently a professor of international economics at the University of Maryland's School of Public Policy. He has previously taught at Northwestern University, the University of Chicago’s Booth School of Business, and Georgetown University. Mr. Swagel works on both domestic and international economic issues at AEI. His research topics include financial markets reform, international trade policy, and the role of China in the global economy.
Professor, international economics, University of Maryland, January 2011-present
Visiting Professor and Director, Center for Financial Institutions, Policy, and Governance, McDonough School of Business, Georgetown University, 2009-2011
Adjunct Professor of Economics, Booth School of Business, University of Chicago, 2005, 2006, 2009
Assistant Secretary for Economic Policy, U.S. Department of the Treasury, 2006-2009
Resident Scholar, AEI, 2005-2006
Chief of Staff, 2002-2005; Senior Economist, 2000-2001, White House Council of Economic Advisers
Economist, International Monetary Fund, 1996-2002
Visiting Assistant Professor, Northwestern University, 1994-96
Economist, Federal Reserve Board, 1992-95
Ph.D., M.A., economics, Harvard University B.A., economics, Princeton University
Bringing private capital back to fund mortgages and take on credit risk is an essential element of housing finance reform, particularly with respect to reform of the government-sponsored enterprises (GSEs) of Fannie Mae and Freddie Mac.
While it is hard to expect President Obama and congressional Republicans to bridge their differences on taxes and spending anytime soon, there are a host of other areas in which leadership by the president could foster bipartisan consensus and lead to substantive accomplishments.
Reforms are urgently needed to ensure that the Federal Housing Administration (FHA) plays its important role in helping to expand access to mortgage financing for low- and moderate income families who have the financial wherewithal to become homeowners.
Following China’s decennial leadership transition, daunting challenges loom. Specifically, China’s economic growth is flagging amid rising tensions over territorial disputes. What should we expect from the newly appointed Xi Jinping and other members of the new Standing Committee?
After a first term and a reelection campaign that dwelled on the ills China has caused the U.S. economy, President Barack Obama now must turn to the more difficult business of engaging with China’s new leadership and translating rhetoric into policy.
My new book with Dan Blumenthal, An Awkward Embrace: The United States and China in the 21st Century, features three potential scenarios for the future of the Chinese economy and discusses implications for U.S.-China relations.