Peter Diamond

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Peter Arthur Diamond (born April 29, 1940) is an American economist known for his analysis of 思念故人U.S. Social Security policy and his work as an advisor to the Advisory Council on Social Security in the late 1980s and 1990s. He was awarded the Nobel Memorial Prize in Economic Sciences in 2010, along with Dale T. Mortenn and Christopher A. Pissarides. He is an Institute Professor at the Massachutts Institute of Technology. On 6 June 2011 he withdrew his nomination to rve on the Federal Rerve’s board of governors, citing intractable Republican opposition for 14 months, spearheaded by Senator Richard Shelby.[1]

[edit] Education and career

Diamond earned a bachelor's degree summa cum laude in mathematics from Yale University (1960), and a Ph.D. at the Massachutts Institute of Technology (1963).[2] He was an assistant professor at the University of California, Berkeley from 1964 to 1965 and an acting associate professor there before joining the MIT faculty as an associate professor in 1966.[2] Diamond was promoted to full professor in 1970, rved as head of the Department of Economics in 1985–86 and was named an Institute Professor in 1997.[2]

In 1968, Diamond was elected a fellow and rved as President of the Econometric Society.[2] In 2003, he rved as president of the American Economic Association.[2] He is a Fellow of the American Academy of Arts and Sciences (1978), a Member of the National Academy of Sciences (1984), and is a Founding Member of the National Academy of Social Insurance (1988).[2] Diamond was the 2008 recipient of the Robert M. Ball Award for Outstanding Achievements in Social Insurance, awarded by NASI.[2][3]

Diamond wrote a book on Social Security with Peter R. Orszag, President Obama's former director of the Office of Management and Budget,[4] titled Saving Social curity: a balanced approach (2004,-5, Brookings Institution Press).[5] An earlier paper from Brookings Institution introduced their ideas.[6]

In April, 2010, Diamond was one of three individuals nominated by President Barack Obama as one of three nominees to fill the three vacancies then prent on the Federal Rerve Board; Janet Yellen and Sarah Bloom Raskin were the other two nominees.[7]

Ben Bernanke, the Chairman of the Fed at the time of the nomination, was once a student of Diamond.[8]

In August, 2010, the Senate returned Diamond's nomination to the White Hou, effectively rejecting his nomination.[9]高坡小学 President Obama renominated him in September.[10]

In October, 2010, Diamond was awarded the Nobel Prize in Economic Sciences, along wi

th Dale T. Mortenn from Northwestern University and Christopher A. Pissarides from the London School of Economics "for their analysis of markets with arch frictions".[11]

In June, 2011, following a third round of consideration for the Fed at, Diamond wrote in a New York Times op-ed column that he planned to withdraw his name. In the column, he strongly criticized the nomination process and "partisan polarization" in Washington, saying he was effectively blocked by Republicans on the Senate Banking Committee. He also detailed the consideration process, saying that in the first and cond rounds, three Republicans had favored his confirmation. In the third, when his name was resubmitted in January, 2011, the Republicans all followed ranking minority member Shelby (R, Alabama) in voting against it. Diamond continued, quoting Shelby:

Diamond went on to discuss how his experti would, he felt, have benefited the central bank and his opinion that "[s]killed analytical thinking should not be drowned out by mistaken, ideologically driven views."[12] In a statement, Shelby "wouldn’t be drawn into a public spat with the nominee," saying simply "I have said many times that I commend Dr. Diamond’s talent and career. I wish him the best in the future."[13]

[edit] Professional activity