Speakers List : Comparative Advantage in the 21st Century— Information Technology and the Professional Network
John Ameriks
Senior Investment Analyst
Vanguard
John Ameriks joined Vanguard in 2003 as a Senior Investment Analyst in Vanguard's Investment Counseling and Research Group, and serves as one of Vanguard’s experts on retirement advice, retirement income management, and other investment issues. Before coming to Vanguard, he was a Senior Research Fellow at the TIAA-CREF Institute, the research and education arm of TIAA-CREF in New York. He has conducted and published economic research related to individual and household financial decisions regarding saving, portfolio allocation, and retirement income strategies. John’s current research activities include a study of how older Vanguard shareholders manage their assets, and a survey on how investors’ expectations about long-term care needs interact with their saving and investment decisions. Mr. Ameriks holds an A.B. from Stanford University and received his Ph.D. in Economics from Columbia.
Andrew Bartels
Vice President and Research Analyst
Forrester Research, Inc.
As part of Forrester's Industry Economics & Data research team, Andy's current research focus includes industry perspectives on technology. He researches the issues, challenges, trends, and opportunities for different industries in the use of technologies. This covers US and global IT spending and budget forecasts, IT industry technology spending trends, and key IT issues for professional services firms and energy and utility companies. He also covers buy-side technologies, such as eProcurement, eSourcing, contract life-cycle management, and electronic invoice presentment and payment systems.
Andy has extensive experience in the eBusiness market and in strategic planning, both as an analyst and a practitioner in the business world. Andy came to Forrester through its acquisition of Giga Information Group. Prior to joining Giga, Andy held a variety of vice president positions at American Express in the chairman's office, technologies, strategic planning, and re-engineering. Most recently, he was head of the Electronic Commerce Center of Excellence at American Express, covering Internet and smart card development, technology strategy, and standards.
Before joining American Express, Andy worked as an economics researcher, writer, and editor for various organizations, including Shearson Lehman Brothers; the US House of Representatives' Committee on Banking, Finance, and Urban Affairs; and the Council on Wage and Price Stability in the Executive Office of the President.
Andy earned a B.A. in philosophy from Haverford College and a Ph.D. in history from Johns Hopkins University.
William Beach
Director, Center for Data Analysis
Heritage Foundation
William Beach is the director of the Center for Data Analysis (CDA). Beach also is a Visiting Fellow at the University of Buckingham in Great Britain. As CDA Director, Beach oversees Heritage’s original statistical research on Social Security, crime, education, trade and a host of other issues, ensuring it is both rigorous in its technical scholarship and produced in time to help inform the public debate over the issue.
Under Beach’s leadership, Heritage has acquired one of the largest privately-held public-policy databases in the United States, as well as a variety of peer-reviewed analytical models. Together, these acquisitions allow the Center to produce some of the most sophisticated “numbers crunching” done anywhere in the world.
In addition to acquiring analytical models, Beach helps build them. He was instrumental in developing the state-of-the-art econometric models Heritage uses to estimate, in detail, how proposed tax changes will likely affect individuals, families, and various business sectors-as well as the overall national economy.
Under Beach’s direction, the CDA has progressed to the point that it today competes as an equal with the Congressional Budget Office, the Office of Management and Budget, the Joint Committee on Taxation, or any other government agency when it comes to “scoring” potential costs and benefits of legislation. Indeed, federal lawmakers often ask the Center to analyze legislation they have drafted, knowing they can get a reliable estimate more quickly from the CDA than from any Hill agency.
Prior to joining Heritage in 1995, Beach held a variety of posts in the public, private and academic sectors. He served as a litigation economist with two Kansas City, Missouri, law firms-Campbell & Bysfield and Watson, Ess, Marshall & Enggas-where he specialized in analyzing how anti-trust legal remedies would alter product pricing and availability. Later, as an economist for Missouri’s Office of Budget and Planning, he designed and managed the state’s econometric model and advised the governor on revenue and economic issues. After a stint in the corporate headquarters of Sprint United, Inc., Beach moved to the Washington, D.C., area to serve as president of the Institute for Humane Studies at George Mason University.
A graduate of Washburn University in Topeka, Kansas, Beach also holds a master’s degree in history and economics from the University of Missouri-Columbia.
Yochai Benkler
Professor of Law,Yale University
author of The Wealth of Networks
Yochai Benkler a Professor of Law at Yale Law School. His research focuses on the effects of laws that regulate information production and exchange on the distribution of control over information flows, knowledge, and culture in the digital environment. His particular focus has been on the neglected role of commons-based approaches towards management of resources in the digitally networked environment. He has written about the economics and political theory of rules governing telecommunications infrastructure, with a special emphasis on wireless communications, rules governing private control over information, in particular intellectual property, and of relevant aspects of U.S. constitutional law.
Paul Bennett
Senior Vice President and Chief Economist
New York Stock Exchange
Paul B. Bennett is senior vice president and chief economist of the NYSE.
As chief economist and head of the Research department at the New York Stock Exchange, Paul Bennett is responsible for analytic support for the Exchange's various business and public-policy activities, and for support of academic and other professional research into equities market issues.
Before joining the NYSE in 2001, Mr. Bennett was a senior officer and economist of the Federal Reserve Bank of New York, where he had worked since 1978. At the Fed, Mr. Bennett headed the Capital Markets Research division, was editor of the Bank’s research journal and, prior to that, vice president for Fedwire Funds and Securities Transfers, among other responsibilities.
Mr. Bennett has published numerous papers on finance, economics, and securities markets in both academic and practitioner journals.
Mr. Bennett holds a Ph.D. in economics from Princeton University and a B.A. in economics from the University of Chicago.
John M. Berry
Columnist
Bloomberg News
After covering the Federal Reserve and the U.S. economy for the Washington Post for 25 years, Berry became a columnist for Bloomberg News in January 2004. His stories about the Fed have frequently moved financial markets because he is widely recognized for his ability to interpret and explain the thinking of Federal Reserve officials, and for his knowledge of the American economy.
Before joining the Washington Post in 1979, he covered the Fed and the economy in Washington for Business Week, Time Magazine and Forbes Magazine, for which he was Washington bureau chief.
Berry began his journalism career with his hometown newspaper, the Johnson City (Tenn.) Press-Chronicle, after attending Wesleyan University in Middletown, Conn., where he was an economics major. From 1962 until 1965, he was a reporter and editor at the Providence (R.I.) Journal.
His work has also appeared in the International Herald-Tribune, Fortune, International Economy, Financier, Central Banking and other American and foreign publications.
Richard B. Berner
Chief U.S. Economist
Morgan Stanley
Richard Berner is a Principal in Morgan Stanley's Equity Research Department, and has responsibility for U.S. economic and financial research activities.
A native of Boston, Massachusetts, Mr. Berner received a bachelor of arts degree in economics from Harvard College, and a doctorate in economics from the University of Pennsylvania. He conducted dissertation research under SSRC-Ford Foundation grants at both the University of Louvain, Belgium, and at the University of Bologna, Italy.
Prior to joining Morgan Stanley, Mr. Berner was Executive Vice President and Chief Economist at Mellon Bank Corporation, and a member of Mellon Bank's Senior Management Committee. Previously, he served as a Principal and Senior Economist for Morgan Stanley and a Director and Senior Economist for Salomon Brothers. He has also served as Economist for Morgan Guaranty Trust Company, Director of the Washington, DC office of Wharton Econometrics and Economist for the Board of Governors of the Federal Reserve System. He has been an adjunct professor of economics at Carnegie-Mellon University and at George Washington University.
Mr. Berner is also a member of the Board of the National Association for Business Economics and a member of the Board of Advisors of Macroeconomic Advisers, LLC. He has been a member of the Economic Advisory Committee of the American Bankers Association, Chairman of the Economic Advisory Board of the Pennsylvania Bankers Association, a member of the Board of Directors and past President of the Economic Club of Pittsburgh, a member of the Advisory Board of the Center for Economic Development at Carnegie Mellon University's Heinz School, a member of the Board of Trustees of Sewickley Academy, and a member of the Finance Advisory Committee of the Quaker Valley School District. He has also served as a member of the Pennsylvania Legislative Joint Task Force on Exports.
Leonard Burman
Director, Tax Policy Center
Brookings Institution/Urban Institute
Leonard Burman is director of the Tax Policy Center, Senior Fellow at the Urban Institute, and Visiting Professor at Georgetown University. Dr. Burman served as Deputy Assistant Secretary of the Treasury for Tax Analysis from 1998 to 2000, and as Senior Analyst at the Congressional Budget Office from 1988 to 1997. He is the author of a book, The Labyrinth of Capital Gains Tax Policy: A Guide for the Perplexed, and numerous articles, studies, and reports. He is also a commentator for Marketplace. Recent research has examined the individual alternative minimum tax, the changing role of taxation in social policy, and tax incentives for savings, retirement, and health insurance. He holds a Ph.D. from the University of Minnesota and a B.A. from Wesleyan University.
Kathleen Camilli
President
Camilli Economics
Kathleen Camilli is one of the nation's top economic forecasters and independent economists. Her firm, Camilli Economics, provides clients, including investment organizations, corporations, high net worth individuals and family offices, with "real world" economic guidance for smart business and financial decisions. Building on her more than two decades of accomplished private and public sector experience, Ms. Camilli provides "on target" analysis on the workings of the U.S. economy and financial markets. Armed with a solid foundation of global macro/micro economic perspectives, she offers unique insight into complex issues and translates those into understandable, actionable ideas.
Known for her consistently accurate forecasting, Kathleen Camilli is one of the leading economists in the country today and has received top ranking from objective performance raters, including The Wall Street Journal, who named her one of the top five economic forecasters two years in a row; Business Week, who named her the number one performing forecaster, and Institutional Investor.
Before founding Camilli Economics in 2004, Ms. Camilli was the U.S. Economist at Credit Suisse Asset Management (CSAM) in New York where she provided insight on the U.S. economy to the firm's investment process overseeing $312 billion in fixed income and equity assets globally. Before joining CSAM, she was Tucker Anthony's Director of Economic Research for six years. During her career, she has worked as a money market economist at Drexel Burnham Lambert, and as a Fed-watcher at Chase Manhattan Bank. She began her career at the Federal Reserve Bank of New York where she trained as a practicing economist and was responsible for forecasting reserves for the Open Market Desk.
Kathleen Camilli received B.A. degrees in both Economics and French from Douglass College, Rutgers University. She studied at Universite de Laval, Quebec, Canada and Universite de Paris III, VII, France. She earned an M.B.A. in Finance and an M.A. in French Studies from New York University.
A frequent commentator, author and speaker, Kathleen Camilli is well known as a strong communicator and translator of complex issues into understandable, actionable ideas. She appears regularly on CNN, CNBC, The NewsHour with Jim Lehrer, Nightly Business Report and Bloomberg Business News. She has been quoted in the financial press, including The Wall Street Journal, New York Times and USA Today.
Ms. Camilli is on the Board of Directors of MassBank Corp., the Money Marketeers of New York University and the National Association of Business Economists (NABE). She is a contributor to Blue Chip Financial Forecasts.
Ms. Camilli is a member of the Financial Women's Association, the New York Women's Bond Club, the Forecasters Club and the New York Association of Business Economists. Her civic activities include serving on the Board of the Epiphany School Foundation.
Ward Caswell
U.S.Director of Research
CB Richard Ellis
Ward oversees CBRE Research in the United States. CB Richard Ellis is the global leader in real estate services with more than 350 offices in 50 countries. CBRE Research in the US is represented by over 190 staff focusing on property market research, mapping, demographics, and the creation of industry leading publications.
Ward brings to the position extensive commercial real estate market knowledge and management information system (MIS) experience.
As Director of Research, Ward established a national property database, launched new national and global publications, created the Retail Site Selection and Data Integrity Group departments, and improved the quality and timeliness of CBRE Research data, publications, mapping, service, and vision.
Previously, Ward served as the Vice President and Manager of Research Systems at Torto Wheaton Research - a CB Richard Ellis Company based in Boston.
Prior to joining Torto Wheaton, Ward served as the VP of Sales and Operations for The Omnia Group in Tampa, Florida. He also founded and managed a computer consulting company which provided custom software solutions, small business management and 24/7 support.
He has an MA and B.S. in Electrical Engineering fromTufts University. Graduated May 1988. Ward and his wife Stacy live in Needham MA with their three school aged children. Together they enjoy traveling, camping, fishing, sports, woodworking, entertaining, and reading. Ward is a board member of the Frank Stanley Beveridge Foundation, Stanley Park, Beveridge Family Foundation, and Needham Education Foundation.
Stephen G. Cecchetti
Professor of International Economics and Finance
Brandeis University
Stephen G. Cecchetti is currently the Barbara and Richard M. Rosenberg Professor of Global Finance at the International Business School, Brandeis University; and Director of Research at the Rosenberg Institute for Global Finance. He is also a Research Associate of the National Bureau of Economic Research, an organization of distinguished academic economists who specialize in policy-oriented empirical studies of national and world economies; and a consultant to central banks around the world. He is currently serving as a consultant to the European Central Bank’s Inflation Persistence Project. Prior to joining the faculty at Brandeis, he was Professor of Economics at Ohio State University. From August 1997 to September 1999, he was Executive Vice President and Director of Research at the Federal Reserve Bank of New York, as well as Associate Economist of the Federal Open Market Committee.
In addition to his teaching, Professor Cecchetti has been editor of the Journal of Money, Credit and Banking from 1992 to 2001, and on the editorial boards of the American Economic Review, the Journal of Economic Literature, and the Economic Policy Review of the Federal Reserve Bank of New York. He recently published a textbook entitled Money, Banking and Financial Markets, as well as over fifty articles in academic and policy journals on a variety of topics, including banking, securities markets and monetary policy. Professor Cecchetti is also a regular contributor to the Financial Times.
Professor Cecchetti received a S.B. in Economics from M.I.T. in 1977, and a Ph.D. in Economics from the University of California at Berkeley in 1982.
Walter Class
Strategic Marketing Director (ret)
Axcelis Technologies, Inc
Richard DeKaser
Senior Vice President and Chief Economist
National City Bank
Richard J. DeKaser is senior vice president and chief economist at National City Corporation, where he provides analysis to senior management, business leaders, and clients of the bank. His responsibilities include economic forecasting and financial market analysis.
Mr. DeKaser is responsible for the corporation's economic and interest rate forecasts and related research. He also authors the Financial Market Outlook, a monthly commentary on timely economic issues, and The Region, offering quarterly analysis and forecasts of the Midwest economy. Each is available via mail or on the National City Economics Web site (www.nationalcity.com/economics).
Prior to joining National City, Mr. DeKaser was senior financial economist at Bank of Boston, now Bank of America, where he handled capital market and risk management research. Previous to that, he was senior associate at Data Resources Inc., a division of Standard and Poors Corporation, where he managed contract research and forecasting. He joined DRI after serving two years as staff economist at the U.S. Department of Commerce, Bureau of Economic Analysis.
Mr. DeKaser is a graduate of New York University, where he received undergraduate and advanced degrees in economics.
He is a member of the Governor's (Hon. Robert Taft) Council of Economic Advisors, contributes to the Blue Chip Economic Indicators and Financial Forecasts, and was recognized by USA Today as fourth most accurate forecaster in 2004 and third most accurate in 2003—the only economist to place in the top five each year. He is a former chairman of the American Bankers Association's Economic Advisory Committee, former member of the Business Research Advisory Council (an advisory board to the U.S. Bureau of Labor Statistics), and past president of the New England Economic Project.
He is often quoted in leading financial publications, including the Wall Street Journal and Business Week, appears frequently on Bloomberg, CNBC and Fox News television broadcasts, and is a widely sought-after public speaker.
Jacob De Rooy
Professor, School of Business Administration
Capital College of The Pennsylvania State University at Harrisburg
Dr. Jacob De Rooy is on the faculty of the School of Business Administration, Capital College of The Pennsylvania State University at Harrisburg, where he has taught and conducted research for over twenty-five years. He teaches courses in business economics and finance for both undergraduate and graduate students. At the University level De Rooy has served in numerous leadership positions on Penn State’s University Faculty Senate including Faculty Advisory Committee to the president, Secretary of the Senate, chair of the Outreach Activities Committee, and member of special task forces. In AY 2005-2007 he will serve as president-elect and as president of the Capital College Faculty Senate. Formerly, he was director of the Penn State Harrisburg MBA Program and is currently chair of the Finance/Economics Program in the School of Business Administration.
His first book, ECONOMIC LITERACY: What Everyone Needs To Know About Money and Markets (Crown Publishers, New York), was published in August, 1995 (paperback, 1996). He is currently doing research on the pricing of mutual fund services (the fees that mutual funds charge investors).
De Rooy is consulting economist for the Pennsylvania Association of Realtors®. Dr. De Rooy frequently comments on economic affairs for local television and radio stations and print media.
He has published several research papers on regional economic analysis in scholarly journals and conducts economic impact analyses for clients of the Institute for State & Regional Affairs at Penn State’s Capital College.
De Rooy was a student at Rutgers-The State University of New Jersey, where he was awarded the B.A. and M.A. degrees and the Ph.D. in economics.
He is a long-time member of the American Economic Association, National Association for Business Economics, and the Financial Management Assocation.
Mark G. Dotzour
Chief Economist & Director of Research
Real Estate Center at Texas A&M
Dr. Mark G. Dotzour is the Chief Economist and Director of Research for the Real Estate Center at Texas A&M University in College Station, Texas. He earned his Ph.D. in the Department of Finance at the University of Texas at Austin in 1987 and served as Associate Professor of Real Estate and Finance at Wichita State University for 10 years.
Dotzour taught Land Economics in Slovakia in 1993 and also served as a visiting research scholar at Lincoln University in Christchurch , New Zealand in 1993. He has presented his research findings to audiences Europe, Australia and New Zealand. He recently made a presentation to real estate professionals in Tianjin, China’s third largest city.
Prior to his academic career, he was president of Gleneagles Development, Inc., developing residential subdivisions in Wichita, Kansas. He also served as president of Dotzour Inc., Realtors, which was a residential brokerage firm in Wichita, Kansas, earning his CRB designation in 1982.
He has been at the Real Estate Center since August, 1997. Since then, he has published 54 articles and given over 600 presentations. His research findings and comments have been published in the Wall Street Journal , USA Today , Business Week and newspapers throughout Texas. As Chief Economist, he is currently doing market research to monitor how global and national trends are likely to impact residential and commercial real estate markets. The son of a former golf professional, he currently plays to a 15 handicap.
William C. Dunkelberg
Chief Economist
National Federation of Independent Business
William C. Dunkelberg is professor of economics at the School of Business and Management, Temple University, and chief economist of the National Federation of Independent Business. He is a nationally known authority on small business, entrepreneurship, consumer behavior and consumer credit, and government policy. Previously he was with Purdue, Stanford, and the University of Michigan. He is a fellow and past president of the National Association for Business Economics. He has a BA, MA, and Ph.D. degrees from the University of Michigan.
Patti Freeman Evans
Senior Analyst
Jupiter Research
Patti Freeman Evans is a analyst with Jupiter Research, focusing on multi-channel retail strategy, with nineteen years of diversified experience, expertise in creating customer-centric ecommerce sites, integrating channels effectively, developing innovative marketing initiatives and ensuring high-standard customer service and order fulfillment operations.
Freeman Evans has been quoted in major media outlets such as The Wall Street Journal, The New York Times, The Chicago Tribune and Business 2.0, as well as in industry publications such as Internet Retailer, Executive Technology. Freeman Evans has also appeared on NBC Nightly News.
Before joining Jupiter Research, Freeman Evans held leadership positions with leading internationally know companies like Bloomingdale's and Godiva Chocolatier. Most recently, Freeman Evans was Director of Shopping Services with Bloomingdales.com where she touched on all aspects of the multi-channel retail business. Brought on board to create and launch Bloomingdale's Bridal Registry website with WeddingChannel.com, Freeman Evans directed all aspects of the business, from concept to implementation, including backend, customer service and store integration issues. In her previous capacities at Bloomingdale's Freeman Evans led the International Marketing Department and implemented award-winning multiple-media marketing and retention programs. Further, Freeman Evans has done project work to develop interactive educational products for adults and children.
Freeman Evans holds a B.A. in Business Administration and Studio Art from Franklin and Marshall. In addition to her duties with Jupiter Research, she teaches E-commerce at the Fashion Institute of Technology in New York City.
Hubert Fromlet
Chief Economist
Swedbank
Hubert Fromlet is chief economist at Swedbank, Stockholm, and professor at Blekinge Institute of Technology. He received his MBA and Ph.D. from the University of Wurzburg. Prior to joining Swedbank, he was chief economist at Co-operative Bank, Stockholm and responsible for macro research at the SAAB-SCANIA, Sweden.
Robert Fry
Senior Associate Economist
DuPont
Robert Fry is Senior Associate Economist, DuPont Economist's Office, where he analyzes and forecasts the global economy and its impact on DuPont. He assists DuPont businesses with interpreting economic data and using it to forecast DuPont performance. He speaks frequently to customers, trade associations, and business teams. He is the author of Current Business Developments, a monthly newsletter.
DuPont Economist’s Office (Robert Fry and DuPont Corporate Economist Bob Shrouds) tied for first place in The Wall Street Journal’s semiannual forecasting survey (2nd half 2002), made the top 10 in USA Today’s forecasting survey (March 2004 and March 2005) and Bloomberg’s forecasting survey (October 2004), and won the prestigious Lawrence R. Klein Award for Blue Chip Forecast Accuracy (November 2005).
He has a B.S. (Economics) from Ohio University, 1979; Harvard University, A.M. (Economics), 1981, Ph.D. (Economics), 1985.
He is a past chapter president of the Wilmington, DE chapter of the National Association for Business Economics.
Mark Fusco
President and CEO
Aspen Technology
Mark E. Fusco joined AspenTech as President and Chief Executive Officer in January 2005, having served on the AspenTech Board of Directors during the company’s fiscal year 2004. He brings to this role more than 14 years of executive management experience in global IT consulting and software development.
Prior to joining AspenTech, Fusco was President and Chief Operating Officer of Ajilon Consulting USA, a $400 million provider of IT consulting services with 40 offices nationwide and 4,000 employees. Fusco was a member of the Ajilon Consulting executive team for three years and was Executive Vice President immediately prior to his becoming President and COO, responsible for the growth of Ajilon Consulting’s professional services division in North America. He joined Ajilon Consulting in 1999 with its acquisition of Software Quality Partners (SQP), an IT consulting firm specializing in software quality assurance and testing. Fusco founded SQP in 1990 and served as its President until its sale.
Fusco also has 16 years of experience in the military and defense industry, with six years of experience as President of Analysis and Computer Systems Inc (ACSI), a producer of simulation and test equipment for digital communications in the defense industry.
Before entering the business world, Fusco was a professional ice hockey player with the Hartford Whalers team in the National Hockey League; and was a member of the 1984 U.S. Olympics ice hockey team which competed in Sarajevo, Yugoslavia. In 1983, he was the recipient of the Hobey Baker Memorial Award, presented annually to the best college hockey player in the United States. Fusco is also a member of both the U.S. Hockey Hall of Fame and the Massachusetts Hockey Hall of Fame.
Fusco is a graduate of the Harvard Business School and Harvard College.
Charles Gabriel
Senior Vice President, Equities Research
Prudential Securities
Brian M. Garvey
Vice President
State Street Global Markets
Brian M. Garvey, Vice President and Senior Strategist, State Street Global Markets Brian has played a leading role in analyzing and understanding the market implications of changes in State Street’s $10.1trn of portfolio holdings under custody. He has developed a strong expertise in the market analysis of G7 currency, bond and equity markets, and is a regular participant in the Bank for International Settlements (BIS) monitoring committee on emerging markets. Prior to joining State Street, Brian was a Senior Currency Strategist at I.D.E.A., a member of the Global Fixed Income research team at Standish, Ayer & Wood and an Economist with the Bureau of Labour Statistics.
Brian holds a degree in Economics from Colby College and an M.B.A. in Finance from Boston University.
Robert Gordon
Professor of Economics
Northwestern University
Robert J. Gordon is Stanley G. Harris Professor in the Social Sciences and Professor of Economics at Northwestern University. He did his undergraduate work at Harvard and then attended Oxford University in England on a Marshall Scholarship. He received his Ph.D. in 1967 at M.I.T. and taught at Harvard and the University of Chicago before coming to Northwestern, where he has been since 1973..
He is one of the nation's leading experts on the causes and consequences of inflation and unemployment and also on the measurement and explanation of productivity growth. His recent work on the rise and fall of the New Economy, and his interpretation of the 2002-03 U. S. productivity growth explosion, have been widely cited. He is author of Macroeconomics, ninth edition (Addison-Wesley-Longman, 2003), which has been translated into eight languages, and of Productivity Growth, Inflation, and Unemployment (Cambridge University Press, 2003). He is also author of The Measurement of Durable Goods Prices(University of Chicago Press, 1990), which has become known as the definitive work showing that government price indexes substantially overstate the rate of inflation. He is editor of Milton Friedman's Monetary Framework: A Debate with his Critics (University of Chicago Press, 1974), The American Business Cycle (University of Chicago Press, 1986), and co-editor of The Economics of New Goods (University of Chicago Press, 1997).
For more than 25 years he has been a Research Associate of the National Bureau of Economic Research, a member of the NBER's Business Cycle Dating Committee, and he is also a Research Fellow of the Centre for Economic Policy Research (London). He is a Guggenheim Fellow, a Fellow of the American Academy of Arts and Sciences, a Fellow and Treasurer of the Econometric Society, and a senior adviser to the Brookings Panel of Economic Activity. He has served as the co-editor of the Journal of Political Economy and as an elected member of the executive committee of the American Economic Association. He has received grants from the National Science Foundation, German Marshall Fund, and Sloan Foundation. He co-organized the NBER's annual International Seminar on Macroeconomics from its founding in 1978 until 1994. In 1995-97 he served on a national commission to assess the accuracy of the U. S. Consumer Price Index.
He is also an affiliate of the Northwestern Transportation Center, an expert on airline management and economics, and has written on the past and future of airline productivity and profitability.
David Goulden
Executive Vice President & Chief Financial Officer
EMC
David Goulden is Executive Vice President and Chief Financial Officer at EMC Corporation. With 2005 revenues of $9.7 billion, and more than 27,000 employees worldwide, EMC is the world leader in products, services and solutions for information management and storage that help organizations extract the maximum value from their information, at the lowest total cost, across every point in the information lifecycle.
Goulden oversees the company's worldwide finance operation with responsibility for all of the company's financial reporting, balance sheet management, foreign exchange, audit, tax, and investment banking programs. He is also responsible for EMC's Information Technology and Investor Relations functions and for the Emerging Markets and International Development (EMID) team. In addition, he assists EMC Chairman, President and CEO Joe Tucci in driving and coordinating EMC’s internal processes. Goulden is based at EMC's corporate headquarters in Hopkinton, Massachusetts, and reports to Joe Tucci.
Previously, Goulden led EMC’s customer operations worldwide, including Global Sales in the Americas, EMEA and Asia-Pacific theaters, Global Channels, and Alliances and Partners. Under Goulden’s direction, EMC has rapidly transformed into a solutions-oriented technology company with a segmented go-to-market strategy and a partner-friendly selling model. Prior to this role, Goulden oversaw Marketing and New Business Development, where he led EMC's acquisition and integration of independent software providers Legato Systems, Documentum and VMware.
Goulden joined EMC in July 2002 from Getronics, a global IT services provider. There, he was a member of the Board of Management, President and Chief Operating Officer, responsible for operations in the Americas and Asia Pacific, a role he assumed after Getronics acquired Wang Global in June 1999. Prior to the acquisition, he served in numerous executive, strategy and marketing roles during a decade with Wang, as president of Wang Global's U.S. Operations in 1999, as senior vice president for Marketing and Corporate Development directing the company's worldwide go-to-market strategy since 1997, and as the leader of the acquisition team for the 1998 purchase of Olsy, the former worldwide services and solutions subsidiary of Olivetti, which more than doubled Wang's size, when the company became known as Wang Global.
Prior to joining Wang in 1990, Goulden spent ten years at Unisys in a series of international sales and marketing positions. He holds a B.S. degree in Physics from Durham University (England) and an Executive MBA from Cranfield School of Management (England).
Robert F. Graboyes
Visiting Lecturer,
University of Richmond
Adjunct Associate Professor, Virginia Commonwealth University;
Clinical Associate Professor of Nursing, University of Virginia;
Chair, NABE Health Economics Roundtable
Dr. Robert F. Graboyes is a health economist whose work revolves around the question, "How much is a less-than-100% chance at life worth?"
As a professor of health economics at a major medical campus, Dr. Graboyes asks this almost unthinkable question to his students, most of whom are physicians, medical researchers, and other health care professionals. He helps them struggle toward coherent answers, and they help him do the same.
Dr. Graboyes' work has taken him to four continents. As Chase Manhattan Bank's economist for sub-Saharan
Writing is a source of pride for Dr. Graboyes. He began adult life not as an economist, but a student of literature - primarily of
Languages, too, are a special passion for Dr. Graboyes, who, in addition to English, speaks French, Spanish, and Portuguese (and a few other languages to a lesser degree). When he's not doing economics, Dr. Graboyes is an accomplished jazz, Latin, and classical musician.
Dr. Graboyes has a Ph.D. in Economics from
Today, Dr. Graboyes is an Associate Professor at the University of Richmond's Robins School of Business and also at Virginia Commonwealth University's School of Allied Health Professions and the University of Virginia's School of Nursing. He serves as Chair of the Health Economics Roundtable of the National Association for Business Economics.
Emily Nagle Green
President and CEO
The Yankee Group
Emily Green is the President and Chief Executive Officer, and a Member of the Board, of Yankee Group Research, Inc.
Before joining Yankee Group, Ms. Green was the CEO of Cambridge Energy Research Associates, Inc. (CERA), the preeminent research and consulting firm in the energy sector. Previously, she served for nine years with IT advisory firm Forrester Research, Inc., leading by turns both its European and North American divisions.
Ms. Green serves on the Board of Directors of technology advisory firm AMR Research, the advisory board of broadband software startup Maven Networks, and the Executive Committee of the Board of Directors of MITX, the Massachusetts Innovation & Technology Exchange. She holds a B.S.L. cum laude in linguistics from Georgetown University and an M.S.E. in artificial intelligence and computer graphics from the University of Pennsylvania.
Allen Grommet
Senior Economist
Cambridge Consumer Credit Index
Allen Grommet holds a Ph.D. in economics from Michigan State University and has served as Chief Economist for the U.S. House Budget Committee in Washington, D.C. He has worked with the financial investment staffs of Chemical Bank, Equitable Life, Merrill Lynch and the Coffee, Sugar and Cocoa (futures) Exchange in New York. He also worked with Money Magazine and ABC News in developing and marketing an index measure of consumer confidence. Dr. Grommet has worked extensively with alternative tax legislation and economic forecasts as well as helped develop small- and medium-size business projections. Since 2001 he has worked with Cambridge helping to develop the Cambridge Consumer Credit Index. He works with financial and forecasting economists to explain and help analyze developments in the consumer sector. He writes the monthly Economic Analysis on each month’s index survey. As an independent Financial Advisor, Dr. Grommet works with private and business clients to develop investment strategies, financial plans, insurance protection proposals, education and retirement plans and estate tax programs. In recent years he has worked with consumers to develop risk strategies protecting against market volatility and sinking equity prices.
John Haltiwanger
Professor of Economics
University of Maryland
John C. Haltiwanger received his Ph.D. from the Johns Hopkins University in 1981. After serving on the faculty of UCLA and Johns Hopkins, he joined the faculty at Maryland in 1987. He is a Research Associate of the Center for Economic Studies at the Bureau of the Census and of the National Bureau of Economic Research. His recent research has exploited the newly created longitudinal establishment data bases that are available at the Bureau of the Census. This research centers on the process of reallocation, retooling and restructuring in the U.S. economy and its connection to the business cycle. Publications include: "The Aggregate Implications of Machine Replacement: Theory and Evidence" (with Russell Cooper), American Economic Review, 1993; "Plant-Level Adjustment and Aggregate Investment Dynamics" (with R. Caballero and E. Engel), Brookings Papers on Economic Activity, 1995; Job Creation and Destruction (with S. Davis and S. Schuh), MIT Press, 1996; "Aggregate Employment Dynamics: Building from Microeconomic Evidence" (with R. Caballero and E. Engel), American Economic Review, 1997.
Maury Harris
Managing Director/U.S. Chief Economist
UBS
Maury is a Managing Director and Chief Economist for the Americas at UBS Investment Bank. He has been named to the Institutional Investor All-America Research Team on 15 separate occasions. In 2005 his team ranked first in the economics category for the Fixed Income group for the second straight year. The team was recently cited by Dow Jones Market Watch as having the most accurate monthly indicator forecasts among their peers for two consecutive months-February and March of 2006. Prior to joining UBS, Dr. Harris was the chief economist for PaineWebber. Before that Dr. Harris worked for the Federal Reserve Bank of New York and the Bank for International Settlements. Maury holds both an M.A. and Ph.D. in economics from Columbia University and a B.A. in economics from University of Texas, where he graduated with Phi Beta Kappa honors. Maury is married with two children.
James W. Haughey
Chief Economist
Reed Construction Data
Maurine Haver
President
Haver Analytics
Maurine is President and founder of Haver Analytics Inc., an economic consulting and information services company. Prior to starting Haver Analytics in 1978, she was an economist in the economic forecasting group of General Electric in New York, a member of the International Staff of Companie Bull General Electric in Paris and a consultant in the Foreign Currency Exposure Management Group of the Chase Manhattan Bank in London.
Maurine served as President of the National Association of Business Economists (1994-95) and now chairs the NABE campaign for Quality Economic Data that she initiated during her year as president. In her role as Chair of the NABE Statistics Committee, she testifies before Congress on statistical issues, conducts quarterly meetings which bring together producers and users of federal statistics and organizes seminars to help users better understand the statistics available from government and private sources.
Maurine chairs the Business Research Advisory Council of the Bureau of Labor Statistics and is a member of the Advisory Committee of the Bureau of Economic Analysis. She has served as secretary of the Forecasters Club of New York since 1992. She is a past president of the New York Association for Business Economics (1989-90), the Downtown Economists Club (1993-94) and the Money Marketeers of New York University (1998-99). She chaired the board of the Council of Professional Associations on Federal Statistics (COPAFS) during 2001-2003. She currently serves on the board of Mutual of America and is a member of the American Economic Association, the American Statistical Association and the National Economists Club.
Maurine holds a B.S. in Economics and Mathematics from Michigan State University, an M.B.A. from the Stern School of New York University and completed her oral exam for a PhD in International Economics at NYU.
Stuart G. Hoffman
NABE President and
Chief Economist
PNC Financial
Stuart G. Hoffman is senior vice president and chief economist for The PNC Financial Services Group and serves as the principal spokesperson on all economic issues for PNC. Recently, Hoffman was named by BusinessWeek as the most accurate economic and interest rate forecaster of 2004. In addition, he has been recognized as the second most accurate forecaster by the National Association for Business Economics and in The Wall Street Journal’s economic survey covering the 1988 to 2002 period.
Hoffman joined PNC in 1980 after a six-year tenure with the Federal Reserve Bank of Atlanta. He became vice president and senior economist for PNC in 1987 and was elected senior vice president and chief economist in 1991.
Hoffman is frequently quoted in The Wall Street Journal, The New York Times, Barron’s, BusinessWeek and USA Today. He is a regular guest on CNBC, CNN, Bloomberg TV, The Wall Street Journal Radio Report and CNN News Radio. He is regularly interviewed by the Associated Press and Reuter’s news wire services. He is often quoted in regional media such as the Pittsburgh Post-Gazette and the Philadelphia Inquirer.
In addition, Hoffman has regularly participated in the Federal Reserve Bank of Kansas City Jackson Hole Symposium, where he discusses key economic issues with Chairman Alan Greenspan and other global monetary policymakers.
Hoffman is the President and a member of the Board of Directors of the National Association for Business Economics (NABE). He also serves on the Board of Directors of the Pennsylvania Partnership for Economic Education and the Economic Club of Pittsburgh--the local chapter of NABE.He is the past chairman of the American Bankers Association Economic Advisory Committee that met semi-annually with Chairman Greenspan and other Federal Reserve Board Governors.
Hoffman is a 1971 graduate of Pennsylvania State University. He received a master's degree in 1973 and a doctorate degree in economics in 1975, both from the University of Cincinnati, where he was a Charles Phelps Taft Memorial Fellow. In 2004, the University of Cincinnati honored him as a Distinguished Alumni.
Harry Homan
Senior Director
Strategic Development
Fluor Corporation
Harry Homan is currently Senior Director, Strategic Development, Fluor Corporation.
Fluor is one of the world’s largest publicly owned engineering, procurement, construction and maintenance organization, with annual revenues of approximately $10 billion.
Harry leads a team which identifies opportunities arising from changes in the external environment; looks at how to enhance the company’s overall competitive position; and coordinates the company’s strategic planning process. He also helps the business units test the robustness of their plans and develop strategic options, appraises enterprise risk and advises the corporation on portfolio issues.
Harry has a BS in chemical engineering from the University of Illinois and an MBA from the University of Southern California. His responsibilities at Fluor have included economic forecasting, marketing research and planning, technology development, finance & administration, business & competitor intelligence and strategic planning. Prior to joining Fluor he spent two years with DuPont in product and process development.
Harry is currently chairman of NABE’s Corporate Planning Roundtable. He is active in a variety of professional associations including the National Business Economic Issues Council and Association for Strategic Planning, and previously served on the Conference Board Association of Strategic Planning Executives and as chairman of the Southern California section of the American Institute of Chemical Engineers.
Gene Huang
Chief Economist
FedEx Corporation
Gene Huang is Chief Economist of FedEx Corporation, a position he has held since 1999. He and his team track and monitor all the countries and industries that FedEx serves. Dr. Huang is a panel member of leading forecasting surveys including those of the Blue Chip, the Wall Street Journal, and BusinessWeek. He was awarded “Most Accurate Forecaster” by the BusinessWeek in 2002 and ranked as a top forecaster by the Wall Street Journal in 2006. He credits his forecasting success to the “front row seat” that FedEx provides him in global supply chain management. Dr. Huang is widely quoted by leading news journals in the U.S. and abroad. He has appeared on CNBC, Bloomberg TV, BBC TV, and CCTV as an economic commentator. He began his corporate career in 1987 with a Wall Street money management firm. Since then he has worked for some large industrial corporations and prestigious research institutions, including Eaton Corporation, General Motors Corporation, ICSEAD in Japan, and Wharton School’s Economic Research Unit. Dr. Huang received his M.A. from Yale and Ph.D. from the University of Pennsylvania. He also holds a law degree from Fudan University in Shanghai. He is the author of two books in business economics and many articles published in the U.S., Japanese, and European economic and policy journals.
Warren A. Johnson, CFA;
Principal,
Johnson Portfolio Group;
Executive in Residence, Babson College
Past President, Boston Security Analysts Society
Kurt E. Karl
Head of Economic Research and Consulting, North America
Swiss RE
Kurt E. Karl is head of Swiss Re’s Economic Research and Consulting, North America. As such, Dr. Karl has responsibility for the North American part of Swiss Re’s “sigma” insurance industry research. In addition, he supports Swiss Re’s strategic planning and provides internal consulting on products and economic risks. Finally, he supplies insights and forecasts on the U.S. and global economies to Swiss Re and Conning Asset Management for use in a variety of corporate decisions, including asset management. He is an expert on the U.S. and global economies with extensive experience and knowledge of foreign markets and has lived and worked in Europe, Africa and Asia. Dr. Karl is a contributor to many forecasting surveys, including those of the Wall Street Journal, Blue Chips, Bloomberg and Reuters. He is widely quoted and appears regularly on Bloomberg TV. Prior to joining Swiss Re, Dr. Karl was chief international economist at WEFA, Inc., an economic forecasting firm located near Philadelphia. He has a B.A. from the University of Oregon, a M.Sc. from the London School of Economics and a Ph.D. from Princeton University.
John Kitchen
Economist
Office of Management and Budget
John Kitchen is an economist with the Office of Economic Policy of the Office of Management and Budget, Executive Office of the President. He recently served as Chief Economist of the House Budget Committee, and previously held positions in the Department of the Treasury, the Council of Economic Advisers, the Economic Research Service, and Washington and Jefferson College.
Dr. Kitchen received his Ph.D. and M.A. in economics from the University of Pittsburgh and his B.A. in economics and history from the College of William and Mary in Virginia. His research interests include macroeconomic forecasting, Federal budget and taxes, international macroeconomics, and the effects of U.S. monetary and fiscal policies in domestic and international financial markets. His research has been published in a variety of journals including Business Economics; the National Tax Journal; the Journal of International Money and Finance; and the Journal of Money, Credit and Banking.
Isaac S. Kohane
Associate Professor of Health Sciences and Technology
Harvard Medical School
Co-Director, HMS Center for Biomedical Informatics
Director, HMS Countway Library of Medicine
Isaac (Zak) Kohane is the director of the Children’s Hospital Informatics Program and is the Henderson Associate Professor Health Sciences and Technology at Harvard Medical School. He is also Director of the Countway Library of Medicine of Harvard Medical School and co-Director of the HMS Center for Biomedical Informatics. Dr. Kohane leads multiple collaborations at Harvard Medical School and its hospital affiliates in the use of genomics and computer science to study cancer and the development of the brain (with emphasis on autism). He also has developed several computer systems to allow multiple hospital systems to be used as “living laboratories” to study the genetic basis of disease while preserving patient privacy.
Dr. Kohane has published over 115 papers in the medical literature and authored a widely used book on Microarrays for an Integrative Genomics. He has been elected to multiple honor societies including the American Society for Clinical Investigation and the American College of Medical Informatics. He leads a doctoral program in genomics and bioinformatics at MIT. He is also a practicing pediatric endocrinologist and father of two energetic children.
Laurence Kotlikoff
Professor of Economics
Boston University
Laurence J. Kotlikoff is Professor of Economics at Boston University, Research Associate of the National Bureau of Economic Research, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, and President of Economic Security Planning, Inc., a company specializing in financial planning software. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983 he served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President's Council of Economic Advisers. Professor Kotlikoff has served as a consultant to the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts, The American Council of Life Insurance, Merrill Lynch, Fidelity Investments, AT&T, and other major U.S. corporations. He has provided expert testimony on numerous occasions to committees of Congress including the Senate Finance Committee, the House Ways and Means Committee, and the Joint Economic Committee. Professor Kotlikoff is author or co-author of 11 books and hundreds of professional journal articles. His most recent book, co-authored with Scott Burns, is entitled The Coming Generational Storm. Professor Kotlikoff publishes extensively in newspapers, and magazines on issues of deficits, generational accounting, the tax structure, social security, Medicare, health reform, pensions, saving, insurance, and personal finance.
David Kotok
Chairman and Chief Investment Officer
Cumberland Advisers
David R. Kotok co-founded Cumberland Advisors in 1973 and has been its Chief Investment Officer since inception. He holds a B.S. in Economics from The Wharton School of the University of Pennsylvania and an M.S. in Organizational Dynamics from The School of Arts and Sciences at the University of Pennsylvania. His articles and financial market comments have appeared in The New York Times, The Wall Street Journal, Barron's, and other publications. He has appeared on CNN, CNBC, and Bloomberg TV.
Mr. Kotok currently serves as a Director and Program Chairman of the Global Interdependence Center (GIC). He is a member of the National Business Economics Issues Council (NBEIC), the National Association for Business Economics (NABE), the Philadelphia Council for Business Economics (PCBE) and the Philadelphia Financial Economists Group (PFEG). Mr. Kotok has served as a Commissioner of the Delaware River Port Authority (DRPA) and on the Treasury Transition Teams for NJ Governors Kean and Whitman. He has also served as a board member of the New Jersey Economic Development Authority and as Chairman of NJ Casino Reinvestment Development Authority.
Hans-Helmut Kotz
Member of the Executive Board
Deutsche Bundesbank
Hans-Helmut Kotz is a Member of the Executive Board of Deutsche Bundesbank, being in charge of both the IT as well as the Capital Markets departments.
In addition, he teaches Finance and Monetary Economics at Freiburg University where he is an Honorary Professor in the Faculty of Economics and Behavioral Sciences. Moreover, he is a member of the board of the Konstanz Seminar on Monetary Theory, of the Program Council, Center for Financial Studies, Frankfurt, of the European Parliament’s Panel of Financial Experts, of the Conseil d’Orientation, Revue d’Economie Financière, Paris, of the Advisory Board, Blekinge Institute of Technology, Sweden, and of the Conseil Scientifique, Centre Cournot pour la Recherche en Economie, Paris.
He contributed as author as well as editor to a number of books, was a referee, amongst others, for “Kredit und Kapital”, the “Journal of European Integration”, “Schmollers Jahrbuch – Journal for Applied Social Sciences Studies”, the “National Endowment for the Humanities”, Washington, and published e.g. in the “Revue d'Economie Financière”, “Kredit und Kapital”, “Zeitschrift für Betriebswirtschaft”, “Wirtschaftsdienst” and “Intereconomics”. He writes a column for the French weekly “Option Finance” and has written numerous articles for newspapers (e.g. Frankfurter Allgemeine Zeitung, Frankfurter Rundschau, Süddeutsche Zeitung, Handelsblatt, Börsen-Zeitung, Die Zeit, Die Woche, Le Monde, Libération, Wall Street Journal etc.).
Bruce Kratofil
BJK Research
and NABE Webmaster
Bruce Kratofil is President of BJK Research LLC, a company that specializes in web design and technical writing. As a web designer, he specializes in creating and maintaining web sites for economic organizations, including NABE.
He also writes The BugBlog, which covers computer bugs, incompatibilities and other things that go wrong with your computer. Before starting the BugBlog, he was editor of BugNet, the world's leading supplier of PC Bug fixes, and had been a regular contributor to the Best Practices column in Network Magazine. His work has appeared on the Technology Page of the MSNBC web site, at C Net, at the ZD Net Help Desk, at InfoWorld, and at Blogcritics.org. As a PC bug expert and as an economist, he has been interviewed and been a source for Home Office Computing, C Net, USA Today, Business Week, C Net Radio, Information Week, and HR TechKnow.
He has also written for a variety of computer and economic publications. He has co-authored Windows 2000 Secrets (IDG Books, 2000) with Brian Livingston and Bruce Brown. He was also a contributing author in the Windows 95 Bug Book (Addison-Wesley, 1995), a book included in the Smithsonian Institution's special Computer Bug exhibit. He has also written for Business Economics and NABE News, and contributes "Windows on the Web" for the National Association for Business Economics web site
He has a BA and MA in Economics from Case Western Reserve University. He has taught at Cleveland State University, John Carroll University, and The Weatherhead School of Management, CWRU.
Deborah Krieps
Chief Marketing Officer
Mesirow Financial
Debbie Krieps is the Chief Marketing Officer of Mesirow Financial, and manages the firm’s Marketing and Strategic Sales department. She oversees marketing strategy, positioning and branding initiatives for Mesirow Financial, a diversified financial services firm in Chicago. She works closely with the firm’s professionals to create and execute value-added and results-oriented programs aimed at effectively targeting, reaching and communicating with clients and prospects. Debbie joined Mesirow Financial nearly 13 years ago, and has assisted with the integration of more than 20 acquisitions over that time. She’s also been actively involved in the development and launch of over 15 new products and services.
Prior to joining Mesirow Financial, she was a public relations consultant at Lesnik Public Relations, and she created and implemented programs to build media visibility for corporate executives, investment strategists and analysts for several financial, investment services and insurance companies. She began her career in investor relations, working several years at The Financial Relations Board, Inc.
Debbie is actively involved with the Securities Industry Association’s Marketing Roundtable. She is also a past board member of the Chicago Chapter of the Better Business Bureau, and served as public relations chair for several of the Juvenile Diabetes Research Foundation’s annual galas. She has also been a guest lecturer at Northwestern University. Debbie earned her bachelor’s degree in management from Western Illinois University
Edward Lazear
Chairman
President’s Council of Economic Advisers
Edward P. Lazear was confirmed by the Senate on February 17 and sworn in as Chairman of the Council of Economic Advisers on Monday, February 27, 2006. Before coming to the Council of Economic Advisers, he was a member of President Bush’s Advisory Panel on Tax Reform.
Lazear is on leave of absence from Stanford University where he is the Jack Steele Parker Professor of Human Resources Management and Economics (1995) and the Morris Arnold Cox Senior Fellow at the Hoover Institution. He taught previously at the University of Chicago’s Graduate School of Business. He is also an elected fellow of the American Academy of Arts and Sciences (2000), the Econometric Society, and the Society of Labor Economists. He is on leave as a research associate of the National Bureau of Economic Research and was a member of the National Academy of Sciences Board on Testing and Assessment. Lazear was the first vice-president and president of the Society of Labor Economists, as well as the founding editor of the Journal of Labor Economics and founder of two companies.
Lazear developed research and ideas that became the seminal work in the area of “personnel economics,” a field that married economics and statistics to organizational behavior. He has written or edited nine books.
Among his more than one hundred published papers, the following are of special note: “Speeding, Terrorism, and Teaching to the Test” Quarterly Journal of Economics (2006); “The Peter Principle: A Theory of Decline,” Journal of Political Economy (2004); “Economic Imperialism,” for the millennium issue of the Quarterly Journal of Economics (2000); “Culture and Language,” Journal of Political Economy (12/99); “Educational Production,” Quarterly Journal of Economics (2001); “Performance, Pay and Productivity,” American Economic Review (12/00); “Peer Pressure and Partnerships,” with Eugene Kane, Journal of Political Economy (8/92); “Labor Economics and the Psychology of Organization,” Journal of Economic Perspectives (Spring 1991); “Job Security Provisions and Employment,” Quarterly Journal of Economics (8/90); “Pay Equality and Industrial Politics,” Journal of Political Economy (6/89); “Salaries and Piece Rates,” Journal of Business (7/86); “Retail Pricing and Clearance Sales,” American Economic Review (3/86); “Rank-Order Tournaments as Optimum Labor Contracts,” with Sherwin Rosen, Journal of Political Economy (10/81); “Why is There Mandatory Retirement?” Journal of Political Economy (12/79); “Personnel Economics: Past Lessons and Future Direction,” Presidential Address to the Society of Labor Economists, Journal of Labor Economics (1999); and “Globalization and the Market for Teammates,”; Frank Paish Memorial Lecture to the Royal Economic Society, Warwick, England, Economic Journal (1999).
Lazear’s many academic prizes and awards include the 1998 Leo Melamed Biennial Prize for outstanding research, the 2003 Adam Smith Prize from the European Association of Labor Economists, the IZA Prize in Labor Economics from the Institute for the Study of Labor, Bonn, the Distinguished Teaching Award from Stanford University’s Graduate School of Business in 1994, and the Distinguished Service Award from Stanford University in 2002. He has an honorary doctorate from Albertson College of Idaho and delivered the 2002 UCLA Commencement Address.
Lazear has advised many governments throughout the world including Russia, Romania, Republic of Georgia and Ukraine and recently was a member of Governor Schwarzenegger’s Council of Economic Advisers.
Born in 1948, Professor Lazear grew up in Los Altos, California. He received his A.B. and A. M. degrees from the University of California at Los Angeles and his Ph.D. in economics from Harvard University. He is married and has one daughter.
Annamaria Lusardi
Professor of Economics
Dartmouth College
Professor Lusardi’s main areas of research are saving, Social Security and pensions, and behavioral economics. She is the author of numerous articles analyzing the impact of risk on wealth accumulation, the effects of liquidity constraints on occupational choice, the importance of planning costs, and the effects of financial literacy and financial education on savings and portfolio choice. She has designed questions to measure financial literacy for both U.S. and European surveys. Her research demonstrates financial illiteracy is widespread among workers and is a barrier to saving. She also finds that financial education programs stimulate saving and investment in high-return assets, such as stocks.
Professor Lusardi publishes her research in leading economic journals, such as the Journal of Political Economy and the American Economic Review. In addition, she has written several reports for public policy institutes. She has won numerous research awards. Among them is a research fellowship from the Irving B. Harris Graduate School of Public Policy Studies at the University of Chicago, a faculty fellowship from the John. M. Olin Foundation, and a junior and senior faculty fellowship from Dartmouth College.
Her research has been supported by several institutions, including the National Institute on Aging, the National Science Foundation, the US Department of Labor, TIAA-CREF, and the Social Security Administration via the University of Michigan Retirement Research Center and the Center for Retirement Research at Boston College.
Professor Lusardi received her PhD in economics from Princeton University in 1992. She has taught at the University of Chicago Graduate School of Business and at the Harris School for Public Policy Studies. In addition, she has done consultant work for the U.S. Social Security Administration, the U.S. Bureau of Labor Statistics, the Department of Family and Community Service of the Government of Australia, and the Dutch Central Bank.
David Malpass
Chief Global Economist
Bear Stearns
David Malpass is Bear Stearns’ Chief Economist. He joined the firm in February 1993. His duties include economic forecasts, Washington analysis, and global investment themes. He is a member of the Economic Club of New York and the Council on Foreign Relations, and sits on the board of the Council of the Americas.
In 2003, 2004 and 2005, investment institutions voted Mr. Malpass one of Wall Street’s top five economists (second in 2005) in the Institutional Investor survey. His 2001 analyses warned of the deflationary recession, while his 2002 and 2003 pieces highlighted the economic and equity recovery.
Between February 1984 and January 1993, Mr. Malpass held economic appointments at the Treasury and State Departments during the Reagan and Bush Administrations. He was also Republican Staff Director of Congress’s Joint Economic Committee and Senior Analyst for Taxes and Trade at the Senate Budget Committee.
In his government positions, Mr. Malpass worked on an array of economic, budget and international issues, including: the 1986 tax cut, several congressional budget resolutions, the Gramm-Rudman budget law, the savings and loan bailout, NAFTA, the Brady plan for developing country debt, and fast-track trade authority. He was a member of the government’s Senior Executive Service and testified frequently before Congress.
From 1977-83, Mr. Malpass worked in Portland, Oregon as a contract administrator with Esco Corporation, a CPA with Arthur Andersen’s consulting group, and a financial manager with Consolidated Supply Co.
Mr. Malpass received a bachelor's degree in physics from Colorado College and an MBA from the University of Denver. He was a National Merit Scholar Finalist and a Boettcher Foundation Scholar. He studied international economics at Georgetown University's School of Foreign Service, and speaks Spanish, French, and Russian.
Catherine L. Mann
Senior Fellow
Institute for International Economics
Catherine L. Mann has been a senior fellow at the Institute for International Economics since 1997. Previously, she served as assistant director of the International Finance Division at the Federal Reserve Board of Governors, senior international economist on the President's Council of Economic Advisers at the White House, and adviser to the chief economist at the World Bank.
Her current work focuses on the economic and policy issues of global information, communications, and technology, particularly with reference to the US economy, labor market, and international trade. Her recent Institute policy brief "Globalization of IT Services and White-Collar Jobs: The Next Wave of Productivity Growth" and forthcoming book High-tech and Globalization in America address these issues.
She is author or coauthor of two books that focus on the policy foundations for effective use of technology for domestic development and external competitiveness. APEC and the New Economy (2002) was presented to and endorsed by APEC Leaders at their meeting in Shanghai, China. Global Electronic Commerce: A Policy Primer (2000) uses general analysis and specific examples from field research in more than 10 countries to address how the Internet and electronic commerce affect policymaking, with particular focus on infrastructure and policy issues of taxation, privacy, security, intellectual property, and trade negotiations. In addition she directs a project funded by the Ford Foundation to support collaborative research comparing Asian and Latin American countries on how technology affects entrepreneurship, government, education and skills, and financial intermediation. She has delivered keynote speeches and engaged in projects on technology and policy in China, Thailand, Vietnam, Taiwan, Sri Lanka, Mexico, Morocco, Tunisia, South Africa, as well as in Australia, Canada, Finland, Germany, and New Zealand.
She also studies broader issues of US trade, the sustainability of the current account, and the exchange value of the dollar. Published in 1999, Is the US Trade Deficit Sustainable? answers perennial questions about the impact of global integration on the US economy and the dollar. A Journal of Economic Perspectives (2002) article reviews concepts of sustainability, including the role of international financial markets and international trade in services, topics also addressed in "How Long the Strong Dollar?" in Dollar Overvaluation and the World Economy, edited by John Williamson and C. Fred Bergsten, and in "The US Current Account, New Economy Services, and Implications for Sustainability" in the Review of International Economics.
In addition to her work at the Institute, Mann taught for 10 years as adjunct professor of management at the Owen School of Management at Vanderbilt University and two years at the Johns Hopkins Nitze School for Advanced International Studies, among other university courses. She received her PhD in Economics from the Massachusetts Institute of Technology. Her undergraduate degree is from Harvard University.
Mike McKee
Economics Editor, Bloomberg,
and Anchor, “After the Bell”
MICHAEL MCKEE is an economics and political editor for Bloomberg Television and News, covering political developments, economic trends and central banks in the United States and around the globe for Bloomberg's international wire service, and Bloomberg Television news.
McKee coordinates Bloomberg's coverage of the Treasury Department, U.S. economic policy, and the Federal Reserve, including Chairman Ben Bernanke.
He also serves as the anchorman for Bloomberg Television's After the Bell program at 4:00 p.m. Eastern time each day, wrapping up the day's political, market, and economic developments, and interviewing political, corporate, and business leaders.
At Bloomberg, McKee has covered Congress, the White House, the Federal Reserve and the Treasury Department. He is a regular at many international economic gatherings, including meetings of the G-7, the World Bank and IMF, APEC, and the World Economic Forum in Davos.
Prior to joining Bloomberg, McKee covered politics for 20 years for a variety of news organizations, including Newsweek. He covered Capitol Hill and spent 10 years at the White House covering presidents Reagan, George H.W. Bush, and Clinton.
In addition to his day-to-day duties, McKee is a contributor to Bloomberg's radio network and magazines.
Jim Meil
Chief Economist
Eaton Corporation
Blackford Middleton,
Assistant Professor of Medicine,
Harvard Medical School
Corporate Director for Clinical Informatics Research and Development; Chairman of the Center for Information Technology Leadership
Blackford Middleton is Corporate Director of Clinical Informatics Research & Development, and Chairman of the Center for Information Technology Leadership (CITL) at Partners Healthcare System, and Assistant Professor of Medicine at Brigham and Women’s Hospital, Harvard Medical School, and of Health Policy and Management at the Harvard School of Public Health.
As Corporate Director for Partners Clinical Informatics Research & Development, he leads the development of Partners enterprise clinical systems strategy, software product management for the Partners EMR, patient portal, enterprise clinical decision support and knowledge management services, and conducts clinical informatics research. He was a co-founder of CITL at Partners in early 2002, and leads its research in value-based technology assessment. In 2004, CITL began its Fellowship Program in Information Technology Assessment, where Dr. Middleton serves as Fellowship Program Director.
Prior to joining Partners Healthcare and Harvard Medical School, he was Medical Director of Information Management and Technology at Stanford Health Services from 1992 to 1995, and Senior Vice President for Clinical Informatics and Chief Medical Officer for MedicaLogic/Medscape from 1995 to 2001. He has over 150 publications and invited presentations on electronic health records, the Internet in healthcare, and related policy and technical issues. Dr. Middleton was recognized by Modern Physician as one of the Top 50 (#36) most powerful physician executives in 2005.
Dr. Middleton studied Molecular Biology and Biochemistry at the University of Colorado, Boulder. He received an MD from the State University of New York School of Medicine at Buffalo, and was trained in internal medicine at the University of Connecticut Health Sciences Center. He received a Masters in Public Health degree from the Yale University School of Medicine with a dual concentration in Epidemiology, and Health Services Administration. His Fellowship in General Internal Medicine was at Stanford University, where he received his Master of Science degree in Health Services Research, focusing on medical informatics.
Dr. Middleton serves on the Boards of Directors of the Healthcare Information Management & Systems Society (HIMSS) where he is Chairman 2005-6, HealthAlliant, Inc., and MassPRO. He is Treasurer of the American College of Medical Informatics, and is past Chairman of the Computer-based Patient Record Institute. Dr. Middleton is a Fellow of the American College of Physicians, the American College of Medical Informatics, and HIMSS.
Cathy E. Minehan
President
Federal Reserve Bank of Boston
Cathy E. Minehan is President and Chief Executive Officer of the Federal Reserve Bank of Boston. As one of the nation's central bankers, she contributes to policy decisions that promote the safety and soundness of the U.S. financial system and the health of the nation's economy. She currently chairs the Conference of Presidents of the Federal Reserve Banks. She is an expert in payment systems, and serves on the Payment System Policy Advisory Committee, which considers issues related to systemic risk in national and international payment systems.
President Minehan also focuses her energies on areas of structural economic development within New England, including community development, public education, and training. She is a member of the board of directors of the Boston Private Industry Council, which has responsibility for school-to-career, welfare-to-work, and career center programs and policy input. Ms. Minehan also serves on the boards of many civic, professional, and educational organizations, including the United Way of Massachusetts Bay, Massachusetts General Hospital, the Massachusetts Business Roundtable, Jobs for Massachusetts, The New England Council, the Boston Public Library Foundation, the Boston Economic Club, the University of Rochester and the Carroll School of Management at Boston College.
Ms. Minehan began her career with the Federal Reserve in New York following her graduation from the University of Rochester, and holds an MBA from New York University. Named New Englander of the Year in 2002 by the New England Council, she is the recipient of numerous leadership awards and honorary degrees, including the 2006 Pinnacle Award for Lifetime Achievement from the Greater Boston Chamber of Commerce.
Stephen Minton
Vice President, Worldwide IT Markets
International Data Corporation
Stephen Minton is Vice President for the IDC Worldwide IT Markets research group, focusing on IT spending and global end-user trends. Stephen’s research group is responsible for the Worldwide IT and Telecom Black Book programs, in addition to the US Black Book, European Black Book, Leading IT Indicators, Information Society Index and Executive Market Watch research services.
Stephen is based in the United States, after re-locating from IDC UK in 2001. His research expertise includes global ICT and economic analysis, and he works extensively with end-user surveys to monitor IT budget and market trends around the world.
Stephen is the author of papers which focus on Globalization and the spread of technology into emerging markets, and is a regular speaker on the subject of business user trends. He has spoken at major industry events and conferences in Australia, Germany, France, UK, Japan and the United States. In 2002, he addressed the United Nations in New York, speaking to UN ambassadors on the subject of the global Information Society. He is regularly quoted for his views on IT markets and business trends by major publications including the Financial Times, Wall Street Journal and Business Week and has featured on CNBC and Bloomberg television.
Stephen previously worked with Digital Equipment Corporation (DEC) in a marketing role. Originally from Hartlepool in the North of England, he graduated from the University of Salford in 1995. He has also worked in the field of consumer market research with Millward Brown International. He lives with his wife and two daughters in Massachusetts.
Lloyd Nace
Strategic Business Analyst
American Standard
Norbert J. Ore
Chair, Institute for Supply Management
Manufacturing Business Survey Committee
Tony Pagliarulo
Vice President,
Enterprise Programs
EMC
Tony Pagliarulo has been in an IT leadership role at EMC since 2001. As the Vice President of IT Portfolio and Global Operations, he successfully led the transformation of the EMC Information Technology group from a "vertical silo organization" into a business/customer facing cross functional organization. Under Tony’s leadership, EMC has consolidated its global IT function, implemented a portfolio management process to align IT and business processes, and implemented numerous business and system projects resulting in millions of dollars benefit and cost savings.
Tony also plays a key role in implementing EMC’s internal Information Lifecycle Management (ILM) strategy. EMC’s effort to manage, protect and share information more efficiently and cost effectively across the enterprise while achieving competitive advantage through the use of information.
Hampton Pearson
Senior Washington Correspondent
CNBC
Hampton Pearson is CNBC's Washington, D.C., reporter, covering economic, financial and political news from the nation's capital.
Since joining CNBC in the summer of 1995, Pearson has reported extensively on the Microsoft anti-trust trial, provided the first live reports of the Capital Hill shooting of two police officers, and provided in-depth coverage of the nationwide United Parcel Service strike. In addition, Pearson regularly reports on the White House, Congress, Federal Reserve and a host of legislative and regulatory issues of vital concern to CNBC viewers.
Prior to joining CNBC, Pearson was chief political reporter for WBZ-TV in Boston from 1987 to 1995, covering local, state and national politics, as well as world events. Additionally, he has been a reporter/producer for the Washington bureau of CBS News and reporter/bureau chief for KRON-TV, San Francisco, where he won a local Emmy Award for Best News Feature in 1984. Pearson has also been a weekend anchor in Milwaukee and San Francisco. He has been covering key presidential news events, including campaigns, inaugurations and summit meetings since 1976.
Karen Pence
Economist
Federal Reserve Board
Karen Pence is an economist in the Household and Real Estate Finance section of the Federal Reserve Board of Governors in Washington, DC. Her research on household financial decisions has appeared in the Review of Economics and Statistics, the Brookings Papers on Economic Activity, the National Tax Journal, and Contributions to Economic Analysis and Policy. She covers consumer credit for the Federal Reserve, including overseeing its consumer credit and debt service ratio statistical releases. She has a PhD in economics from the University of Wisconsin-Madison and a BA from Swarthmore College.
Jürgen Pfister
Chief Economist
Bayerische Landesbank
Dr. Jürgen Pfister is the Chief Economist and Head of Investment Research at Bayerische Landesbank, Munich. Before joining Bayerische Landesbank, he was head of the Economics Department at Commerzbank for more than 15 years. He was a staff member at the Sachverständigenrat and also held a position at the Federal Reserve Board in Washington. In addition to several international Associations, he is a member of the Conference Board European Council of Economists (past Co-Chairman) and is Vice-President of the European Money and Finance Forum (SUERF).
William Poole
President and CEO
Federal Reserve Bank of St. Louis
William Poole took office as president and chief executive officer of the Federal Reserve Bank of St. Louis on March 23, 1998. He directs the activities of the Bank’s head office in St. Louis, as well as its three branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn. In addition, he represents the Bank on the Federal Open Market Committee (FOMC), the Federal Reserve’s chief monetary policymaking body. He chairs the Conference of Presidents’ Information Technology Oversight Committee.
The Federal Reserve Bank of St. Louis, one of 12 regional Reserve banks, serves the Eighth Federal Reserve District. The regional Reserve banks, along with the Board of Governors in Washington, D.C., constitute the Federal Reserve System. As the nation’s central bank, the Fed is responsible for conducting monetary policy, supervising banks and operating the nation’s payments mechanism.
Prior to joining the Federal Reserve Bank of St. Louis, Mr. Poole was the Herbert H. Goldberger Professor of Economics at Brown University, Providence, R.I. He joined the faculty at Brown in 1974 and twice served as chairman of the economics department. He served on the economics faculty at The Johns Hopkins University from 1963 to 1969. He was inducted into The Johns Hopkins Society of Scholars in May 2005.
Mr. Poole was a member of the Council of Economic Advisors from 1982 to 1985 during the first Reagan Administration and was a member of the Academic Advisory Panels of the Federal Reserve banks of New York and Boston. He was involved in a wide range of professional activities. He co-authored “Principles of Economics,” published in 1991, and authored “Money and the Economy: A Monetarist View,” published in 1978, as well as numerous scholarly papers published in professional journals.
Mr. Poole began his career in the Federal Reserve System at the Board of Governors in 1964 and worked as a senior economist there from 1969 to 1974. He also has been an advisor and consultant to the Federal Reserve Bank of Boston, a visiting scholar at the Federal Reserve Bank of San Francisco and a visiting economist at the Reserve Bank of Australia.
Born in Wilmington, Del., Mr. Poole spent his formative years in that city. He attended Swarthmore College, receiving an AB degree in 1959. He received MBA and Ph.D. degrees from the University of Chicago in 1963 and 1966, respectively. Swarthmore honored him with a Doctor of Laws degree in 1989.
He is a director of United Way of Greater St. Louis and member of the Webster University Board of Trustees. He was a member of the Chancellor’s Council of the University of Missouri-St. Louis 1999-2003.
Mr. Poole is an avid cyclist and sailor. He is married to Geraldine S. Poole; they have four sons.
Chris Probyn
Chief Economist
State Street Capital
Dr. Christopher Probyn is currently the Chief Economist at State Street Global Advisors in Boston. In this role Chris is primarily responsible for forecasting and analyzing economic events in the world’s major economies, and for evaluating their impacts on financial markets. Chris regularly briefs fixed-income and equity portfolio managers, as well as other corporate personnel on economic matters. He also frequently interacts with clients, preparing and delivering talks on the global economic environment. Previously, Chris was a Director, and Senior Economist at UBS in New York City. He has also worked at Midland Bank International in London, Data Resources in Lexington Massachusetts, and Salomon Brothers, in both London and New York City. Dr. Probyn obtained his BA at Heriot-Watt University, Edinburgh (where he was class valedictorian), his MA from the University of Manchester, and his Ph.D. from the London School of Economics.
Adam Ratner
Business Enterprise Consultant
West Monroe Partners
Adam Ratner is currently a Business Enterprise Consultant with West Monroe Partners in Chicago, Illinois. His consulting expertise is founded on both his keen understanding and application of efficiency generating, cutting edge business technologies and processes, and his extensive knowledge of international economies. As a Business Enterprise Consultant, Adam works to build the business processes and capabilities within organizations by looking at them through multiple lenses: strategy, people, process, technology, economic, value creation, and industry best practices.
Ratner recently traveled to both India and China to gain greater insight into their respective financial markets.
Ratner earned his B.A. from DePauw University.
Lynn Reaser
Chief Economist & Managing Director
Bank of America Investment Strategies Group
Lynn Reaser, Ph.D., is chief economist and managing director for the Investment Strategies Group at Bank of America. This group currently manages investments of around $440 billion on behalf of individual and institutional clients of the Wealth and Investment Management Group.
In her current role, Dr. Reaser is responsible for tracking and forecasting economic trends and evaluating their effects on financial markets. She follows international, national, and regional developments, and plays a key role in helping shape the bank’s investment strategy. She is thus an advisor to both the Private Bank, which offers a full range of financial services to high-net-worth individuals and families, and other units of Wealth Investment Management, which furnishes retail brokerage services throughout the country.
Dr. Reaser conducts about 500 interviews a year with newspapers, magazines, radio, and television stations located in the United States and other parts of the world. She also has served in a number of government advisory positions. In addition, she has consulted with Federal Reserve Board Chairman Alan Greenspan and the Board of Governors in her role as chair of the American Bankers Association’s Economic Advisory Council.
Dr. Reaser, who was born in Los Angeles, holds a doctorate, a master's and a bachelor's degree in economics from the University of California at Los Angeles.
Harvey Rosenblum
Executive Vice President and Director of Research
Federal Reserve Bank of Dallas
Harvey Rosenblum is executive vice president and director of research at the Federal Reserve Bank of Dallas. In this capacity, he serves as economic policy advisor to the Bank's president and as an associate economist for the Federal Open Market Committee, which formulates the nation's monetary policy.
Rosenblum is also a past president and a member the Executive Committee of the Board of Directors of the National Association for Business Economics (NABE), a prestigious trade association whose 3,000 members are the leading business economists in the United States and many other countries. Past presidents of NABE include several Federal Reserve presidents as well as former Fed Chairman Alan Greenspan. Rosenblum is currently serving as Executive Director of the North American Economics and Finance Association He also is a member of the Product Development and Small Business Incubator Board, appointed by the governor of Texas.
A widely recognized expert on both the national and Texas economies, Rosenblum has written articles for such publications as The Journal of Finance, New York Times, Southwest Economy and The Handbook of Banking Strategy.
Active in economic education, Rosenblum is a visiting professor of finance at Southern Methodist University, teaching courses in contemporary issues on monetary policy and financial institutions and markets.
Rosenblum received a B.A. in economics from the University of Connecticut in 1965 and a Ph.D. in economics from the University of California, Santa Barbara, in 1972.
He began his career with the Federal Reserve in 1970 as an economist with the Federal Reserve Bank of Chicago, advancing through the ranks to vice president and associate director of research in 1983. He was also a visiting professor of finance with DePaul University from 1973 until 1985. He joined the Dallas Fed as senior vice president and director of research in 1985 and was promoted to executive vice president in 2005.
His current research interests focus on monetary policy, inflation and the growing impact of globalization on the U.S. economy and businesses.
Brian Sack
Senior Economist
Macroeconomic Advisers, LLC
Brian Sack is Senior Economist at Macroeconomic Advisers. He collaborates with Dr. Meyer on all aspects of Monetary Policy Insights. Dr. Sack will also be developing a number of additional products for MPI clients that focus on the implications of monetary policy developments for the fixed income markets as well as the impact of economic developments on monetary policy.
Dr. Sack joined the staff of the Board of Governors of the Federal Reserve in 1997 and became the head of the Monetary and Financial Market Analysis section in 2003. In that capacity, he directed the Federal Reserve Boards analysis of various segments of U.S. fixed-income markets, including Treasuries, swaps, and interest rate futures. Those efforts focused on interpreting and predicting the influence of economic and monetary policy developments on the yield curve and other asset prices, as well as on extracting information from market prices that was relevant for policy decisions.
Dr. Sacks position at the Board placed him as a crucial contributor to the staffs support of the FOMC. He and his section worked extensively on the Greenbook and the Bluebook prepared by the staff, and on numerous other documents addressing relevant topics for FOMC decisions. Dr. Sack worked closely with FOMC members, including extensive research projects with Governor Kohn and Governor Bernanke.
Dr. Sack has published a number of research papers on issues related to monetary policy decisions and the fixed income markets. Specific topics have included estimating monetary policy rules, measuring the effects of FOMC communications, assessing the impact of monetary policy decisions on asset prices, and evaluating the behavior of Treasury inflation-indexed debt. His papers have appeared in the Quarterly Journal of Economics, the Journal of Monetary Economics, the Journal of Money, Credit, and Banking, the Journal of Fixed Income, and the Journal of Futures Markets. Dr. Sacks research has been cited numerous times in the financial press, including the Wall Street Journal, the Financial Times, and BusinessWeek. Dr. Sack received a Ph.D. in economics from the Massachusetts Institute of Technology in 1997.
Richard Schmalensee
Dean, Sloan School of Management
Massachusetts Institute of Technology
Richard Schmalensee is Professor of Economics and Management at the Massachusetts Institute of Technology (MIT) and has been the John C Head III Dean of the MIT Sloan School of Management since 1998.
Professor Schmalensee was a member of the President’s Council of Economic Advisers from 1989 through 1991 and a deputy dean of the MIT Sloan School from 1996 through 1998. He has served as director of the MIT Center for Energy and Environmental Policy Research, as a member of the Environmental Protection Agency’s Environmental Economics Advisory Board and as chairman of its Advisory Council on Clean Air Act Compliance Analysis. He has also served on the Committee on National Statistics of the National Academies. He is a director of the International Securities Exchange and of MFS Investment Management.
Professor Schmalensee’s research has centered on industrial economics and its application to managerial and public policy issues. He has studied antitrust, regulatory, and environmental policies. He has published over one hundred articles in professional journals and books and is the author of three books and coauthor of five others. Professor Schmalensee was coeditor of the Handbook of Industrial Organization and founding editor of the MIT Press Regulation of Economic Activity monograph series, and he has served on the editorial boards of the American Economic Review, the Journal of Economic Perspectives, and several other professional journals. He is a research associate of the National Bureau of Economic Research, a member of the International Academy of Management, and a Fellow of the Econometric Society and the American Academy of Arts and Sciences. He has served as a member of the Executive Committee of the American Economic Association.
Professor Schmalensee grew up in Belleville, Illinois. He received his SB (Economics, Politics, and Science; 1965) and PhD. (Economics; 1970) degrees from MIT. Prior to joining the MIT faculty in 1977, he taught at the University of California, San Diego.
Thomas F. Siems
Senior Economist and Policy Advisor
Federal Reserve Bank of Dallas
Thomas F. Siems is senior economist and policy advisor at the Federal Reserve Bank of Dallas. As a member of the free enterprise group, Siems' research focuses primarily on how enabling technologies, particularly the Internet and e-commerce, impact productivity and the economy. He is also a senior lecturer with the Engineering Management, Information and Systems Department in the School of Engineering at Southern Methodist University and an advisory board member of the Cato Institute's Project on Social Security Choice. Siems has published more than 45 articles, some of which have appeared in such journals as Journal of Money, Credit and Banking, European Journal of Political Economy, Research in Finance, Review of Financial Economics, The Annals of Operations Research, and various Federal Reserve Bank of Dallas publications.
Siems earned a B.S.E. in industrial and operations engineering from the University of Michigan in 1982 and an M.S. and Ph.D. in operations research from Southern Methodist University in 1985 and 1991, respectively. In addition, Siems is a 1989 graduate of the Public Finance Institute at the University of Michigan and a 1991 alumnus of the Graduate School of Banking at Colorado. Siems began his career with the Federal Reserve in 1984.
Siems is active in the Bank's economic education programs and has taught economics, statistics, finance, operations management and other business courses at SMU, LeTourneau University and the University of Dallas.
John Silvia
Chief Economist
Wachovia Bank, N.A.,
Dr. John Silvia joined Wachovia in February 2002 as chief economist for the Bank. Previously, John worked on Capitol Hill as senior economist for the U.S. Senate Joint Economic Committee and chief economist for the U.S. Senate Banking, Housing and Urban Affairs Committee. Prior to that, he was chief economist of Kemper Funds and managing director of Scudder Kemper Investments, Inc. Before joining Kemper Funds, John worked for Harris Bank and taught economics at Indiana University.
John holds a B.A. and a Ph.D. degree in economics from Northeastern University in Boston and has a Master’s degree in economics from Brown University in Providence, RI.
John serves as a member of the Blue Chip Panel of Economic Forecasters and also serves on an informal advisory group for the Federal Reserve Bank of Philadelphia. He is a member of the Economic Advisory Committee at the American Bankers Association and is President of the Charlotte Economics Club. In the past, John has served on economic advisory committees to the Federal Reserve Bank of Cleveland, the Federal Reserve Bank of Chicago, and the Public Securities Association.
In addition, John is Treasurer and a member of the Board of Directors for The Second Harvest Food Bank of Metrolina, a Charlotte civic association. He is also a member of the Business Advisory Committee for the City of Charlotte and he serves on the President’s Council for Charlotte’s Central Piedmont Community College.
Kenneth D. Simonson
Chief Economist,
Associated General Contractors of America
Ken Simonson joined AGC of America on September 10, 2001. Ever since Day Two he has been provided insight into what was happening to the economy and what it implied for construction and related industries.
Ken’s weekly one-page email newsletter for AGC, The Data DIGest, provides 6000 readers with the latest economic news relevant to construction. He also sends out a variety of state-specific and tax news. He is interviewed and quoted almost daily by local and national media, including The Wall Street Journal, USA Today, Business Week, and CNBC. In addition, he has written eight booklets explaining tax provisions in plain English, and he contributes frequently to a variety of business and professional publications and conferences, including columns for Fleet Owner, a trucking magazine, and The Electrical Distributor.
Ken has 30 years of experience analyzing, advocating and communicating about economic and tax issues. Before joining AGC, he was senior economic advisor in the U.S. Small Business Administration’s Office of Advocacy and 13 years. Earlier, he was vice president and chief economist for the American Trucking Associations. He also worked with the President’s Commission on Industrial Competitiveness, the U.S. Chamber of Commerce, the Federal Home Loan Bank Board, and an economic consulting firm.
Ken is a board member of the National Association for Business Economics (NABE) and author of “Digging into Construction Data,” published in NABE’s journal, Business Economics. Since 1982, he has co-chaired the Tax Economists Forum, a professional meeting group he co-founded for leading researchers and policy makers among tax economists. He is vice president of Community Tax Aid, an organization that prepares returns for free for low-income taxpayers. He was one of the principal subjects of The Lobbyists, a bestseller by Jeffrey Birnbaum, now a writer for the Washington Post.
Ken has a BA in economics from the University of Chicago, an MA in economics from Northwestern University, and he has taken advanced graduate economics courses at the Universite de Paris, Johns Hopkins University and Georgetown University.
Sydney Smith Hicks
Senior Vice President, Corporate Strategy
Metavante Corporation
Sydney Smith Hicks, Ph.D., Senior Vice President, Corporate Strategy, has more than 25 years of experience in the financial industry including banking, working with the Federal Reserve and as an academic professor. In her current role, she is responsible for shaping the company’s ongoing strategies and developing plans that will accelerate revenue growth.
Prior to her current position, she was president of VECTORsgi, Inc., a wholly owned subsidiary of Metavante, where she was responsible for maximizing business performance and strategically guiding the growth and expansion of VECTORsgi. Prior to Metavante’s acquisition of VECTORsgi, Hicks was senior vice president of Sterling Commerce and president of the Banking Systems Division of Sterling Commerce. For more than six years prior to that she was vice president of Operations and Business Development with the Banking Systems Division, where she led new business development, supervised product acquisitions and was responsible for managing the strategy, design, development, maintenance, installation services and customized consulting for 11 product solutions, which contained over 50 products.
Hicks brings extensive knowledge of banking and electronic transactions from NationsBank, a predecessor of Bank of America, where she served as senior vice president of Transaction Solutions and Image Initiatives. Hicks was chief economist for NCNB (and First Republic and InterFirst), financial economist for the Federal Reserve Bank of Dallas and a visiting scholar for the Federal Reserve Bank of St. Louis. During her career, she has also held a board position with the Electronic Check Clearing House Organization (ECCHO), was the founding chairman of the board of Payment Systems Network (PSN), now owned by The Clearing House Payments Company, and held various academic positions. In the Dallas area community, Hicks is and has been on the boards of several not-for-profits and currently serves on the board of a privately held for-profit company, Smart Start, Inc, an ignition interlock company.
Hicks earned both a master’s degree and a doctorate in Economics from Washington University. She also has a bachelor’s degree in Economics from Cornell College, where she graduated with distinction
Gene Sperling
Senior Fellow for Economic Policy and Director of the Center for Universal Education
Council on Foreign Relations
Gene Sperling is a Senior Fellow for Economic Policy at the Council on Foreign Relations. He is the coauthor of the Council report What Works in Girl's Education. His current work examines ways to extend education to displaced children and those living in emergency situations.
He was the National Economic Adviser and Head of the National Economic Council during the Clinton Administration. Other positions include Senior Fellow, Center for American Progress (current); Contributing Editor and Columnist, Bloomberg News (current); Governor, Philadelphia Stock Exchange (current); Chair, U.S. Chapter of the Global Campaign for Education (current); member, UN Millennium Task Force on Gender Equality and Education; member, Education Expert Group, World Economic Forum's Global Governance Initiative.
Philip Swan
Chief Economist
IBM
Chris Swann
Economist
Bureau of Economic Analysis
Christopher Swann is an economist at the Bureau of Economic Analysis (BEA). He writes the article, “GDP and the Economy” for the monthly publication, Survey of Current Business, and develops research and communications on NIPA and industry topics. Before joining BEA he was a senior consultant and economist at Global Insight, Inc in the macro and international areas, and in telecommunications industry analysis. He began his career at Bell Atlantic (Verizon) where he was engaged in regulatory, corporate planning, product management, and business research. He holds a B.A. in Economics from Washington University, St. Louis, and M.A. and Ph.D. degrees in Economics from Temple University in Philadelphia. He is a Past President of the Philadelphia Chapter, a Past Chair of the NABE Technology Roundtable, and currently serves as a member of the NABE Board of Directors.
Diane Swonk
Chief Economist
Mesirow Financial
Diane Swonk is a senior managing director and chief economist for Mesirow Financial, a diversified financial services firm based in Chicago. As one of the most sought-after economists in the world, Diane is called upon by policymakers and business leaders from Washington to Tokyo. Diane joined Mesirow Financial after 19 years with Bank One Corporation and its predecessors, most recently as director of economics/chief economist and senior vice president. She started her career with the legacy First Chicago Corporation in 1985 and quickly moved up the ranks, proving herself as a regional economist with her forecast for a renaissance in the Industrial Midwest just one year later. During her tenure there, Diane designed the bank's regional model, published several nationally acclaimed studies, managed the Bank One Corporate Economics Group and published her first book: The Passionate Economist: Finding the Power and Humanity Behind the Numbers. In addition, she serves as a Clinical Professor for DePaul University'