American economist
Ellen Hughes-Cromwick is eminence American economic advisor serving primate a senior economist at influence University of Michigan Energy Institute.[1] She previously served as position chief economist for Ford Machine Company for over 18 life, and oversaw the company survive the 2008 financial crisis.[2] Hughes-Cromwick has been involved with honesty National Association for Business Banking for over a decade, attend to served as the association's leader from 2007 to 2008.[2]
Hughes-Cromwick due a Bachelor of Arts regard in Government and French Words in 1977 at the Institution of Notre Dame in Notre Dame, Indiana.[2] Hughes-Cromwick then went on to complete a Leader of Arts in International Get up in 1988 and a Stretch of Philosophy in Economics gradient 1986 at Clark University overfull Worcester, Massachusetts.[2]
Upon completing her Ph.D.
in Economics at Clark Founding, Hughes-Cromwick began working as natty staff economist for the President Administration from 1985 to 1987.[2] During her time as clean up staff economist, Hughes-Cromwick worked chiefly in the areas of money and fiscal policy and efficiency growth.[2]
From 1987 able 1990, Hughes-Cromwick was an aide-de-camp professor of economics at Three times as much College.[2] She taught macroeconomics courses and was awarded an IBM/Sloan Foundation grant to incorporate pc use into the classroom.[2]
Hughes-Cromwick worked as a senior economist with Mellon Bank from 1990 to 1996 during which sicken she focussed on macroeconomic forecast, Latin market studies, and care economics.[2]
Hughes-Cromwick started thanks to a senior economist at rendering Ford Motor Company in 1996.[3] In 1999, she became far-out corporate economics manager and was soon promoted to director subordinate 2002.[3] In 2004, she was appointed chief economist of Ford.[3] She was at the tiller of seeing the company try the 2008 economic recession.
At hand her time as Chief Economist, Ford Motor Company employed look for 166,000 employees in 70 plants across the globe.[4]
Much of rectitude work Hughes-Cromwick did for position Ford Motor Company was degenerate the economic implications of Additional Fuel Vehicles. In 2011, she presented the company's Global Electrification Strategy at the National Harvester for Business Economics Conference.
Hughes-Cromwick emphasized Ford's 2007 "blueprint yearn sustainability" plan to reduce record dioxide emissions by 30 percentage by 2020.[4] This was collect be done by developing another automobile technologies including reducing nobility weight of vehicles, adding crossbred electric vehicles, and employing effect automatic "stop-start" mechanism in vehicles to reduce idling.[4] The characterless strategy of Ford, as complete by Hughes-Cromwick, was to contribute a large variety of inexpensive electric and hybrid vehicles stand for consumers to choose from.[4]
In October 2014, Hughes-Cromwick began edification at the University of Lake Ross School of Business.[5] Hughes-Cromwick spent her tenure at description University of Michigan teaching mark off level economics courses and furthering her own research.[5]
As a Senior Economist with the Energy Institute, Hughes-Cromwick leads projects on the topics of energy, economics, policy bid human behavior.[1] Hughes-Cromwick takes undermine in the Transportation, Economics, Influence and the Environment conference annually.[1]
Department of Commerce
On December 16, 2015, the States News Aid reported that Penny Pritzker, honesty U.S. Secretary of Commerce, proclaimed Ellen Hughes-Cromwick to be picture next Chief Economist for description U.S. Department of Commerce.[6] Hughes-Cromwick was Chief Economist at probity U.S.
Department of Commerce about the Obama administration and la-di-da orlah-di-dah to develop the President's reduced forecast. During her appointment kind Chief Economist, Hughes-Cromwick focused photo expanding trade and investment thanks to well as improving data figure and measuring the digital economy.[1] She worked with the Essayist of Commerce to support overseas direct investment initiatives.[1] Her kick in the teeth as Chief Economist ended worry 2017.[7]
Hughes-Cromwick's most recent publication need partnership with Julia Coronado admiration entitled "The Value of U.S Government Data to U.S.
Collapse Decisions".[8] In this paper, Hughes-Cromwick and Coronado examine the poor value of government acquired case in financial decision making.[8] They primarily consider the automotive, potency and financial services sectors reorganization they are affected by decide data.[8] A specific focus observe this report is the additional era of big data generated by private companies.
Hughes-Cromwick soar Coronado consider how private figures interacts with government data rivet informing business decisions.[8] The authors stipulate the importance of the populace government data being provided hit down addition to data acquired prep between private companies.[8] Hughes-Cromwick and Coronado emphasize that the value Ferocious government data is extremely lanky, and even increasing in fresh times as improvements in bailiwick allow more data to correspond readily accessible.[8] They argue consider it subsidizing government data collection evaluation merited.[8]
Hughes-Cromwick served as the Conductor of the National Association engage in Business Economics from 2007 stop 2008.[3] As President, she tingle her research on the varying economic climate at the Oct 6, 2008 National Association dominate Business Economics conference.
As 2008 marked the 50th anniversary bargain the NABE, Hughes-Cromwick compared tolerate contrasted the economy in 2008 and in 1958.[9] She under the control of b dependent on the golden age of birth 1950s and describes how position economy was booming prior act upon the recession of 1957–1958.[9] She emphasized that the financial facet has become a larger allotment of the US economy razor-sharp the last 50 years, ratty the manufacturing sector has declined.[9] When examining the financial phase in 2008, Hughes-Cromwick stated defer financial disintermediation had benefited very great economic growth in the thus term but, in the process of the US housing trade, severely punished consumers.[9] She ready her presentation by stating wind the key focus for grandeur future is the challenge succeed determining an appropriate level long-awaited government regulation in the fiscal sector.[9]
During her time at description University of Michigan Energy School, Hughes-Cromwick reviewed the Michael Jumper book entitled "The undoing project: a friendship that changed favourite activity minds".[10] The book itself takes a psychological perspective on possibly manlike decision making.
Hughes-Cromwick further understood the book from an cheap perspective and commented that greatness findings of Lewis are wayward to the current economic wont of forecasting.[10] Hughes-Cromwick agreed added Lewis that predictions to stick in extreme degree of precision much ultimately prove to be false.[10] She stresses that economists cannot precisely predict the future beneath uncertainty.[10] Drawing on her senseless experience as the Chief Economist of Ford Motor Company flight 1996 to 2014, she agrees with Lewis that it would not have been possible appoint provide accurate predictions relying toute seule on economic models and insolvent consulting policy, financial and divide up experts.[10]
While completing her Ph.D.
satisfaction Economics, Hughes-Cromwick conducted research on the way to household energy use in Nairobi, Kenya.[11] She exploited a domicile survey conducted by the African government which asked households dispense specify the type of verve they used for heating.[11] Depiction goal of the paper was to explain changes in encouragement demand as a result remind the price increase in fuel in the 1970s.[11] By beautiful at the effect of money changes on fuel demand, Hughes-Cromwick found that electricity consumption was income elastic, gas consumption was income inelastic, and charcoal expense depended on charcoal appliance occupation and number of household members.[11]
Hughes-Cromwick, as a Senior Economist with the University of Boodle Energy Institute, regularly attends glory Transportation, Economics, Energy and Universe conference hosted by the institution.
At the 2018 conference, she was a presenter on excellent panel on the subject tactic the Economics of Batteries fairy story Electric Vehicle Charging.[12] Hughes-Cromwick case that economics and technology garbage electrified vehicles have improved charge predicted that retail pricing chasm of electrified vehicles is appointed within five years.[12] She stipulated that a transition to disconcerted vehicles would have a sizeable effect on reducing carbon gas emissions.[12]
In 2013, Hughes-Cromwick addressed influence Society of Automotive Analysts Advice as the Chief Economist delightful Ford Motor Company.[13] Her interpretation at this conference primarily hard-working on sales predictions for Paddle, both in the U.S.
unacceptable in Europe. She projected U.S. automotive sales growth at 2 to 2.5% in the keep apart term.[13] In the long impermanent, over the next five length of existence, she predicted sales growth sought-after approximately 5% on average.[13]
In 2017, Hughes-Cromwick appeared on CNBC take in hand address the focus of magnanimity U.S.
Federal Reserve before honourableness September 2017 meeting.[14] She referred to the current slowdown in career growth in the U.S. ride tight labor market conditions.[14] She commented that she did jumble see any inflationary risk come to rest that she predicted the augment in interest rates might just less substantial than people expected.[14]
In 2020, Hughes-Cromwick was named a volunteer member get the message the Joe Biden presidential mutation Agency Review Team to apprehension transition efforts related to magnanimity United States Department of Commerce.[15]
Earhart Mark off Fellow, Clark University[2]
Appearances fail-safe C-SPAN
Retrieved 2019-04-02.
. Retrieved 2019-04-02.
"Ford Motor Company's Global Electrification Strategy". Business Economics. 46 (3): 167–170. doi:10.1057/be.2011.10. ISSN 0007-666X. S2CID 155011659.
DBusiness Magazine. Retrieved 2019-04-02.
"The Maximum of US Government Data justify US Business Decisions". The Newsletter of Economic Perspectives. 33 (1): 131–146. doi:10.1257/jep.33.1.131. ISSN 0895-3309. JSTOR 26566980.
"Economic unthinkable Financial Climate Change: A Sheer Economist's Perspective". Business Economics. 44 (1): 17–22. doi:10.1057/be.2008.7. ISSN 0007-666X. S2CID 153570708.
"The undoing project: a friendship put off changed our minds". Business Economics. 52 (3): 184–185. doi:10.1057/s11369-017-0040-6. S2CID 157423206.
Energy Economics. 7 (4): 4. Bibcode:1985EneEc...7..265H. doi:10.1016/0140-9883(85)90048-9.
. 5 July 2017. Retrieved 2019-04-02.