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NYU Professor Paul Romer Tapped for World Bank Chief Economist Post

 Paul Romer, the founder of the NYU business school's Urbanization Project, is the new World Bank chief economist.
Paul Romer, the founder of the NYU business school's Urbanization Project, is the new World Bank chief economist.
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Getty Images/Slaven Vlasic

GREENWICH VILLAGE — A New York University economics professor is the new chief economist of the World Bank.

Paul Romer specializes in the study of urban growth and is the head of the school's Marron Institute of Urban Management as well as the the Stern School of Business' Urbanization Project.

NYU President Andrew Hamilton said Romer's new position is "one of the most prominent and influential posts in the field of economics." 

"NYU believes in the importance of its scholars' work having a real world impact, and readily granted Paul leave to take on this important assignment," Hamilton said.

"We congratulate Paul, wish him well, and look forward to his return, when he can share with students and faculty colleagues the new knowledge he's gained from his time at the World Bank."