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1:45-3:00 pm Salon C
Panelists will give an assessment of the interplay between the large U.S. current account deficit and the path of the dollar, and how both may be affected by policies of some of our trading partners to manage their currencies against the dollar.
Jim O'Neill slides (PDF, 136 K)
Catherine Mann slides (PDF, 161 K)
Institute for International Economics
Catherine Mann's home page at the IIE
Michael Mussa's home page at the IIE
Goldman Sachs & Co Insight Page
John E. Silvia, Chief Economist, Wachovia Bank N.A., moderator
Catherine L. Mann
Senior Fellow
Institute for International Economics
Dr. 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. The New Economy and APEC (2001) 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, Dr. 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. Dr. Mann received her PhD in Economics from the Massachusetts Institute of Technology. Her undergraduate degree is from Harvard University.
Jim O'Neill
Head of Global Economic Research
Goldman Sachs & Company
Michael Mussa
Senior Fellow
Institute for International Economics
Senior Fellow, served as Economic Counselor and Director of the Department of Research at the International Monetary Fund from 1991-2001, where he was responsible for advising the Management of the Fund and the Fund's Executive Board on broad issues of economic policy and for providing analysis of ongoing developments in the world economy. By appointment of President Ronald Reagan, Dr. Mussa served as a Member of the US Council of Economic Advisers from August 1986 to September 1988. He was a member of the faculty of the Graduate School of Business of the University of Chicago (1976-91) and was on the faculty of the Department of Economics at the University of Rochester (1971-76). During this period he also served as a visiting faculty member at the Graduate Center of the City University of New York, the London School of Economics, and the Graduate Institute of International Studies in Geneva, Switzerland.
Dr. Mussa's main areas of research are international economics, macroeconomics, monetary economics, and municipal finance. He has published widely in these fields in professional journals and research volumes.
