Romer was previously a professor at New York University, and before that chief economist at the World Bank.
The economist receives the accolade for his research on tax avoidance and economic inequality.
Business Ready replaces the institution’s previous Doing Business project.
Scott’s research interests focus on areas including the behavior of physicians and the health workforce.
Morsing currently works at the United Nations and previously held professorships at Copenhagen Business School and the Stockholm School of Economics.
The macroeconomist joins from the University of Manchester where is currently an associate professor.
The health and labor economist will start work in the new role on July 1.
Fishback is an economic historian known for his research on topics including the political economy of Franklin D. Roosevelt’s New Deal.
The eight distinguished economists have made significant contributions within their fields.
Schmalensee is widely known as an expert in industrial organization economics and for his work on multisided platforms.