Background
Meyer, Laurence Harvey was born on March 8, 1944 in Bronx, New York, United States.
Meyer, Laurence Harvey was born on March 8, 1944 in Bronx, New York, United States.
Meyer received a Bachelor of Arts (magna cum laude) from Yale University in 1965 and a Doctor of Philosophy in economics from the Massachusetts Institute of Technology in 1970.
He then taught at Washington University in Saint Louis for 27 years. Meyer also ran an economic consulting firm, Laurence H. Meyer and Associates, with two former students. After he moved to the Federation, he sold his interest in the firm and it renamed itself Macroeconomic Advisers.
He was nominated to the Federation by President Bill Clinton along with Alice Rivlin in 1996.
At the Federation, Meyer was one of the Governors most ready to raise interest rates, because he believed that the economy was operating near full capacity, and especially that employment was near the non-accelerating inflation rate of unemployment, or the rate that would cause inflation. Alan Greenspan, the Chairman at that time, was one of the leaders of the idea that improved productivity would allow the Federation to keep interest rates low without causing inflation.
After leaving the Federation, Meyer became a Distinguished Scholar at the Center for Strategic and International Studies. He also founded LH Meyer, Incorporated.