Explanation and Analysis of the New Producer Price Index FD-ID Aggregation System
Tuesday, January 28
Moderator: Mike Horrigan, Associate Commissioner for Prices and Living Conditions, Bureau of Labor Statistics
Presenter: Jonathan Weinhagen, Economist, Producer Price Index, Section of Index Methods, Bureau of Labor Statistics
With the release of data for January 2014, PPI will transition from the Stage of Processing (SOP) aggregation system to the new Final Demand-Intermediate Demand (FD-ID) aggregation system. The transition to the FD-ID system is the culmination of a long-standing PPI objective to improve the current SOP aggregation system (which is composed of only PPIs for goods sold as personal consumption, capital investment, and business inputs) by incorporating PPIs for goods, services, and construction sold as personal consumption, capital investment, government purchases, exports, and business inputs. In comparison to the SOP system, the FD-ID system more than doubles current PPI coverage of the United States economy in its primary aggregate price indexes to over 75 percent of in-scope domestic production. This webinar will explain the new FD-ID system, examine data from the system, and compare indexes from the new system to other government statistics, including the Consumer Price Index and the Bureau of Economic Analysis GDP price index.
Registration is free for NABE members, $20 for others.
NABE Members: Download the podcast
The German Elections and the Outlook for the European Union and the Euro
Friday, October 11
1:30 - 2:30pm (EDT)
David Marsh, Chairman and Co-Founder, Official Monetary and Financial Institutions Forum Nicolas Véron, Visiting Fellow, Peterson Institute for International Economics
Stuart P. M. Mackintosh, Executive Director, The Group of Thirty
This webinar will address the results of the German federal elections and the possible implications for the European Union and the Eurozone. As the European Union emerges fitfully from recession it confronts many challenges which will require leadership from Germany, France and other member states. What should U.S. observers read from the election results? EU policymakers need to construct the banking union and cement the fiscal union. 'More Europe' may be what is required and is what has been agreed in principle by Europe's leaders. But considerable difficulties lie ahead and tensions remain between creditors and debtors, north and south, those inside the Eurozone and those outside looking in. Join this webinar to better understand the dynamics of this complex multi-level-level political and economic process.
Mr. Marsh is an astute observer, historian and writer on the Euro and the Eurozone. He will address the results of the German elections and the shape of possible government coalitions. What do the elections results augur for the management of the Eurozone and Euro? Marsh has written five books including: 'Europe's Deadlock: How the Crisis Could Be Solved - And Why It Won't Happen' (2013); 'The Euro – The Politics of the New Global Currency' (2009 – re-released in 2011 as 'The Battle for the New Global Currency').
Mr. Véron, visiting fellow at the Peterson Institute for International Economics, is a scholar of global financial reform. Mr, Véron has authored or co-authored numerous policy papers issues that include banking supervision and crisis management, financial reporting, the Eurozone policy framework, and economic nationalism. He will discuss the challenges ahead as the European Union moves toward a banking and fiscal union among the Eurozone member states; major steps are underway, but what are the prospects of this deepening succeeding and what are the possible pitfalls?
Registration is free for NABE members and the public.
NABE Policy Survey Teleconference
Monday, August 26, 2013
11:00 AM (ET)
Jay Bryson, Wells Fargo, survey chair Emily Kolinski Morris, Ford Motor Co.
The committee will discuss the results of the August 2013 NABE Policy Survey.
Registration is free for NABE members, $20 for others
Decoding BEA’s Comprehensive Revisions to GDP
Thursday, August 1, 2013
Brent Moulton, Bureau of Economic Analysis
Jack Kleinhenz, Chief Economist, National Retail Federation; NABE Vice President, 2012-2013
Brent Moulton, head of BEA’s national economic accounts, will speak about the recent changes in how the United States measures economic activity. Those changes were included in BEA’s once-every-five years “comprehensive” revisions to GDP statistics stretching back to 1929. Those revised GDP figures were released on July 31. Moulton will discuss the economic impact of all the changes and help you understand them.
Registration is free for NABE Members and the public.
Will the Eurozone Survive? Perspectives from NABE's Visit to the Epicenter Webinar
Tuesday, October 9
Lynn Reaser, Chief Economist Point Loma Nazarene University, moderator
Brian Friedman, President GHP Investment Advisors, Inc.
George Kahn, Vice President and Economist, Federal Reserve Bank of Kansas City
Adolfo Laurenti, Deputy Chief Economist and Managing Director, Mesirow Financial
Clare Zempel, Principal, Zempel Strategic
The financial crisis exposed many shortcomings of the original architecture of the Eurozone. In the wake of the Greek bailout and now with Spain and Italy teetering on the precipice, European Central Bank President Mario Draghi recently asserted that the Euro is “irreversible” and that the ECB would do “whatever it takes” to save the common currency. “Euro 2.0” may include centralized banking regulation and deposit insurance, a tighter political union, and more rigorous fiscal controls – all of these concepts are currently under discussion.
These events and discussions provided a remarkable backdrop for NABE’s September “Mission to Europe” in which 14 NABE members met with central bankers, government officials, and private sector economists in Madrid, Frankfurt, Stockholm, and Brussels. Tune in to this webinar to hear the insights gleaned by the NABE delegates about the future of the Euro and the economic prospects for the Eurozone.
Registration is free for NABE members, $20 for others.
The podcast is now available. Please contact firstname.lastname@example.org for details.
ALISON LYNN REASER, FERMANIAN BUSINESS & ECONOMIC INSTITUTE
Lynn Reaser is Chief Economist for the Fermanian Business & Economic Institute at Point Loma Nazarene University. The Institute engages in economic analysis, modeling, and forecasting with practical and actionable recommendations for corporations, non-profit organizations, and government agencies. Dr. Reaser has deep experience in the financial services sector, including ten years as Chief Economist of the Investment Strategies Group at Bank of America and currently serves as Chief Economist of the Council of Economic Advisors for California State Controller John Chiang.
BRIAN FRIEDMAN, GHP INVESTMENT ADVISORS INC
Brian Friedman is the President and Chief Investment Officer for GHP Investment Advisors, Inc. (www.GHPIA.com). GHPIA manages approximately $575 million in client assets and operates in two divisions: Personal Wealth Management and GHP Global Markets. The Personal Wealth Management Division provides an integrated package of investment management, financial planning and tax related services in partnership with GHP Horwath, P.C. (www.ghphorwath.com). The Global Markets Division manages the GHP International Reform & Development Fund, L.P. and the Israel Investment Fund, L.P. Prior to GHPIA Brian was an Equity Portfolio Manager at Owen Joseph Asset Management in San Diego, CA and served as an Emerging Markets Equity Analyst with The Founders Funds, a mutual fund company based in Denver. Brian also formerly worked in Washington, D.C. as an Economic Analyst at Applied Business Economics and a Research Assistant at The Brookings Institution, a public policy think tank. Brian holds a BA in Economics from the George Washington University, and an MBA in Finance from the University of Chicago. He holds the Chartered Financial Analyst (CFA) designation, and is a former Lecturer in Economics at the University of Colorado - Denver.
GEORGE ARNETT KAHN, FEDERAL RESERVE BANK OF KANSAS CITY
George Kahn is a Vice President and Economist at the Federal Reserve Bank of Kansas City. In this capacity, he serves as an advisor to the Bank’s president and board of directors on monetary policy issues and conducts basic and applied research on issues of relevance to the Federal Reserve System. Mr. Kahn joined the Bank as an economist in 1982 and was promoted to the official staff in 1993. He received a B.A. degree from the University of North Carolina at Chapel Hill in 1978 and a Ph.D. degree in economics from Northwestern University in 1983. Mr. Kahn has taught economics at the University of British Columbia and has published articles on inflation and unemployment, potential economic growth, and monetary policy. He serves on the Board of Directors of the National Association for Business Economics and is a member of the American Economic Association.
ADOLFO LAURENTI, Mesirow Financial
Adolfo Laurenti, deputy chief economist and managing director, develops ongoing economic research and commentary critical to supporting clients and contacts of Mesirow Financial. Adolfo authors Themes on the Global Markets, a periodic newsletter providing insight into trends, issues and the forecast for the global economy. As an expert on the European economies, Adolfo is a new face in demand by the financial press and among local media. He also lectures at Northwestern University's Medill School of Journalism. Prior to joining Mesirow Financial in July 2007, Adolfo served as associate economist at LaSalle Bank/ABN AMRO. There, he was responsible for tracking economic trends in the banking sector. Adolfo was selected as an Emerging Leader by the Chicago Council on Global Affairs for 2011. He was an Earhart Foundation Fellow in 2002. He received a Washington Society of Investments Analysts Scholarship and a Graduate Scholarship for Excellence in Academia from the Economic Club of Washington D.C. Adolfo is a graduate of Bocconi University Business School in Milan, Italy. He specialized in industrial organization as a visiting scholar at the Center for Industrial Economics in Copenhagen, Denmark, and concentrated in financial economics at Central European University in Budapest, Hungary. Adolfo earned his master of arts degree in economics from George Mason University, where he also pursued doctoral studies. Adolfo serves on the board of the National Association for Business Economics and is a member of both the American Economic Association and the Chicago Association for Business Economics. He is also a board member for the Collaborative Arts Institute of Chicago.
CLARE ZEMPEL, ZEMPEL STRATEGIC
Clare Zempel is a leading business economist and top investment strategist. He honed his smart, nimble approach to making sense of complex economic and financial issues over more than 30 years as an economist for major national firms. Through Zempel Strategic, Clare brings seasoned common sense to bear on these issues for corporate business clients and major investors. He specializes in customizing applied economics and financial market analysis to meet each client's unique needs. The Zempel practice involves preparing precise presentations and written reports that are relevant and clear. Clients use Clare's recommendations to plan and formulate policies. Client-centered services include project evaluation, budget input, risk assessment, and training sessions for employees, vendors and customers. Clare also speaks on broad economic and investment issues to wider audiences. Prior to founding Zempel Strategic, Clare served as director of investment policy, chief investment strategist and chief economist for Robert W. Baird & Co. Incorporated, and as chief economist for the First Wisconsin Corporation, now U.S. Bank. He holds degrees from the University of Chicago’s College and Graduate School of Business, and is a Chartered Financial Analyst (CFA).