Ted Gayer, PhD

Ted Gayer is codirector of the Economic Studies Program and the Joseph A. Pechman Senior Fellow at the Brookings Institution. An expert in financial economics and environmental and energy policy economics, Dr. Gayer specializes in econometrics, cost-benefit analysis, cost-effectiveness analysis, risk assessment, and valuation. His extensive policy experience includes matters involving fuel standards, chemical regulation, carbon offsets and climate change, mortgages, and credit markets.

Dr. Gayer was Deputy Assistant Secretary for Economic Policy at the Department of the Treasury, where he dealt with a wide range of microeconomic issues related to the environment, climate change, energy, healthcare, and Social Security, as well as the housing, credit, and insurance markets. He played a key role in producing sound and timely analyses during a turbulent period in the housing and credit markets. The effort he led to analyze mounting subprime mortgage defaults helped shape Treasury’s response to alternative mortgage proposals.

Dr. Gayer was senior economist at the Council of Economic Advisers, where he focused on environmental policy. He served on the EPA’s Science Advisory Board and on the EPA’s Superfund Benefits Analysis Advisory Committee.

From 2004 to 2009, Dr. Gayer was an associate professor of Public Policy at Georgetown University. He was also a visiting fellow at the Public Policy Institute of California, and a visiting scholar at the American Enterprise Institute.

His publications include articles in Science, the Review of Economics and Statistics, the Journal of Economic Literature, the Journal of Risk and Uncertainty, and Regulation. He coedited Classics in Risk Management and coauthored Public Finance, 8th edition.