Policies to Boost Economic Growth and Security—What’s Needed?
Preliminary Program, subject to change (Last updated 1/25/06)
Sunday, March 12, 2006
5:30-6:30 PM Welcome Reception
Entertainment provided by NABE jazz musicians.
Sponsor: AUBER and NABE
Monday, March 13, 2006
8:00-8:40 AM The Role of the SEC in Enhancing the Functioning of U.S. Securities Markets
Welcome
Stuart G. Hoffman, NABE President/Chief Economist, PNC Financial Group
Jerry N. Conover, AUBER President/Director, Indiana Business Research Center Indiana University
The Role of the SEC in Enhancing the Functioning of U.S. Securities Markets
John E. Silvia, Chief Economist, Wachovia Bank, N.A., presiding
Annette L. Nazareth, Commissioner, U.S. Securities and Exchange Commission
8:45-9:45 AM The Policy Agenda: Perspectives from Inside the Beltway and Wall Street
The panelists will evaluate possible outcomes of the expected economic policies and initiatives as they move through Congress and will offer their perspectives on which economic policies will work and which won’t.
Thomas R. Keene, Editor-at-Large, Bloomberg News, presiding
Gregory R. Valliere, Chief Strategist, Stanford Washington Research Group
Keith T. Anderson, Managing Director, BlackRock Financial Management
Henry J. Herrmann, Chief Executive Officer, Waddell & Reed Financial, Inc.
9:50-10:30 AM Setting the Policy Agenda
Allan Hubbard, Assistant to the President for Economic Policy/Director, National Economic Council
10:30-5:00 PM Poster Session
Sign up for the poster session to showcase your analyses and research. Use the attached registration coupon. For more information, see the Poster Session Page.
10:30-10:45 AM Networking Break
10:45-12:00 Noon Concurrent Educational Sessions A
Restoring Fiscal Sanity
Panelists will discuss the desirability of, and options for reigning in government spending and the federal budget deficit.
Donald B. Marron, Acting Director, Congressional Budget Office, presiding
Isabel Sawhill, Senior Fellow, Brookings Institution
Kevin A. Hassett, Director, Economic Policy Studies, American Enterprise Institute
Value-Based Purchasing and Consumer-Directed Health Care: The Third Way
Hear about recent developments in managing health-care costs.
Richard Manning, Senior Director, Corporate Policy, Pfizer Inc., presiding
Dean Smith, Professor of Health Management and Policy, University of Michigan, School of Public Health
Stephen Parente, Assistant Professor, Carlson School of Management, University of Minnesota; Principal, Health Systems Innovation Network, LLC
Immigration
Richard L. Wobbekind, Associate Dean, Leeds School of Business, University of Colorado, presiding
" The Business Perspective on Immigration Reform"
Angelo Amador, Director of Immigration, U.S. Chamber of Commerce
"The Economic and Financial Consequences of Illegal Latino Immigrants in the Southeast"
Douglas Woodward, Director, Division of Research, University of South Carolina
"Immigration Puts Lexington Nebraska on a New Growth Path: Are There Lessons for Other Rural Communities?"
Eric Thompson, Director, Bureau of Business Research, University of Nebraska-Lincoln
12:00-1:30 PM Luncheon Enhancing Fed Credibility
The Fed, like many other central banks, greatly values its credibility--that is, the public's confidence in its commitment to price stability. In her remarks, Janet Yellen will discuss the benefits of Fed credibility, particularly through the anchoring of inflation expectations to price stability, and, looking ahead, she will consider the role of transparency, including a possible future explicit numerical inflation objective, in maintaining Fed credibility.
Janet L. Yellen, President & CEO, Federal Reserve Bank of San Francisco
1:45-3:00 PM Concurrent Educational Sessions B
The Bernanke Fed
Greg Ip, Reporter, Wall Street Journal
Stuart Hoffman, Chief Economist, PNC Financial Services Group
Laurence Meyer, former Fed Governor and Vice Chairman, Macroeconomic Advisers
Nancy R. Lazar, Executive Vice President,
ISI Group Inc
Trade Policy Pitfalls and Pluses of Alternative Policy Strategies to Achieve Freer Trade
Matthew Slaughter, Member, Council of Economic Advisers
Catherine L. Mann, Senior Fellow, Institute for International Economics
Sponsor: NABE International Roundtable
Telecommunications at a Cross Roads
Broadband wireline and wireless technologies are enabling the convergence of voice, data, and video services, and are creating a different landscape in the communications industry. This session will address how public policy should best facilitate growth in broadband services.
Christopher Swann, Bureau of Economic Analysis, presiding
Carolyn Brandon, Vice President of Policy, CTIA – The Wireless Association®
Robert W. Crandall, Senior Fellow Brookings Institution
Sponsor: NABE Technology Roundtable
3:00-3:30 PM Networking Break
3:30-4:45 PM Concurrent Educational Sessions C
Policy Solutions to Cost Shifting in Health Care
Louis F. Rossiter, Professor and Director, Schroeder Center for Healthcare Policy , William and Mary College
Deborah Chollet, Senior Fellow, Mathematica Policy Research ¨
Richard Scheffler, Distinguished Professor of Health and Public Policy, University of California at Berkeley
Sponsor: NABE Health Economics Roundtable
Oil, Gas, and Policy Options for Energy Security
The current high prices of oil and gas have been blamed on rapid demand growth in China, geopolitical risk, twenty years of under investment, and lack of liquefied natural gas terminals. Will more investment do the trick? Or are we in for a future of scarcity and high prices, and what can be done about it?
Yorgos Papatheodorou, Director, Strategic Analysis, CH2M HILL, presiding
Charles T. Maxwell, Weeden & Co., LP
Edgard Habib, Chief Economist, Chevron Texaco Corporation
Sponsor: Regional-Utility Roundtable
China’s Policy Mix: Implications for the Global Economy
Listen to experts discuss China’s next policy steps and what they mean for the global economy.
Gene Huang, Chief Economist, FedEx Corporation, presiding
Richard N. Cooper, Professor of International Economics, Harvard University
C. Fred Bergsten, Director, Institute for International Economics
Sponsor: NABE International Roundtable
5:00-5:45 PM Economic Policy BriefingThe Pension Benefit Guarantee Corporation, Retirement Security, and Taxpayer Liability
The PBGC plays a pivotal role in assuring the retirement security of millions of American workers, yet is also responsible to the Congress and the taxpayer. What can these covered workers expect, and what will be the likely cost to the taxpayer under the most likely best-case and worst-case scenarios? How will reform proposals now on the table affect these outcomes?
David A. Wyss, Chief Economist, Standard & Poor’s, presiding
Bradley D. Belt, Executive Director, Pension Benefit Guaranty Corporation
Sponsor: NABE Corporate Planning Roundtable
6:00-8:00 PM Dinner: Directions for Tax Reform
Our speaker will highlight the proposals of the President’s advisory panel on federal tax reform and will discuss the adverse consequences of an overly complicated and loophole-ridden tax code and the economic benefits that would flow from making the system simpler, fairer and more conducive to economic growth.
Stuart Hoffman, NABE President/Chief Economist, PNC Financial Group, presiding
The Honorable John Breaux, Co-chair, President’s Commission on Tax Reform and former Senator from Louisiana
Tuesday, March 14, 2006
8:00-9:30 AM Breakfast "The Administration's Health Policy Agenda"
Julia Ciorletti, Vice President, Centene, presiding
Katherine Baicker, Member, Council of Economic Advisers
9:45-10:30 AM How Tax Reform Can Contribute to Growth and Economic Efficiency
Chris P. Varvares, President, Macroeconomic Advisers, presiding
Martin Feldstein, Professor, Harvard University/President, National Bureau of Economic Research
10:30-11:00 AM Networking Break
11:00-12:15 PM Concurrent Educational Sessions D
The Bush Tax Cuts: End ‘Em or Extend ‘Em or Reform ‘Em
The panelists will address the 2001-03 tax cuts, and what that experience tells us about directions for tax reform.
Steve Liesman, Senior Economic Reporter, CNBC, presiding
James Poterba, Mitsui Professor of Economics Massachusetts Institute of Technology
C. Eugene Steuerle, Senior Fellow, The Urban Institute
The IMF in a Changing World
Randall S. Kroszner, Professor of Economics, University of Chicago, presiding
Raghuram G. Rajan, Economic Counselor/Director of Research, International Monetary Fund
Sponsor: International Roundtable
Dealing with "Legacy" Costs in Private and Public Defined-Benefit Pension Systems
The unfunded legacy costs of past pension and health promises are a major roadblock to policy reforms. Policies for health care and pension funding that separate viable future commitments from such sunk costs will provide better incentives and policy outcomes. There are key benefits for investors, the taxpayer and policymakers.
Kathleen M. Camilli, President, Camilli Economics, presiding
Richard B. Berner, Chief U.S. Economist, Morgan Stanley
Douglas Holtz-Eakin, Director, Maurice R. Greenberg Center for Geoeconomic Studies, Council on Foreign Relations
12:30-2:00PM LuncheonAn Alternative Perspective on Fiscal Policy Directions
Ellen Hughes Cromwick, Chief Economist, Ford Motor Company, presiding
J. Bradford DeLong, Professor of Economics, University of California-Berkeley, Deputy Assistant Secretary for Economic Policy, U.S. Department of the Treasury under President Clinton
2:15-3:30 PM Concurrent Educational Sessions E
Emerging Regional Issues
Rosemary Marcuss, Deputy Director, Bureau of Economic Analysis, presiding
“The Real Estate Market Has Peaked…So What’s Next?”
James Diffley, Group Managing Director, U.S. Regional Services, Global Insight
“Exurberance: Is it Rational or Irrational in the Las Vegas Housing Market?
Keith Schwer, Director, Center for Business and Economic Research, University of Nevada Las Vegas
“Manufacturing in the Midwest: The Good, the Bad, and the Ugly”
William Strauss, Senior Economist/Economic Advisor, Federal Reserve Bank of Chicago
Sponsor: NABE Regional Utility Roundtable
Energy Policy: The Nascent Role of Environmental Finance and Climate Exchanges in Achieving Energy and Environmental Security
With the issue of global warming and CO2 emissions looming large, the question arises: How can we have both energy and environmental security? Investment banks like JPMorgan and Goldman Sachs, as well as GE and Ford, are launching environmental initiatives given the "sustainability" imperative. Any meaningful reduction in emissions would need significant financial, technological, and economic adjustments. The dilemmas are clear, but what are the policy choices and their implications?
Ellen Hughes Cromwick, Chief Economist, Ford Motor Company, presiding
Mindy S. Lubber, President, Ceres
Hans Tammemagi, Ph.D., Canadian Centre for Energy Information
Structural Adjustments in Developed Economies: Competitiveness Metrics and Policies for Industries in Transition
The session will analyze differences in U.S. manufacturing costs versus offshore, focusing on total landed cost comparisons.
Lloyd C. Nace, Strategic Business Analyst, American Standard, presiding
Daniel J. Meckstroth, Chief Economist, Manufacturers’ Alliance/MAPI Inc
Ronald C. Ritter, Expert Principal, McKinsey & Co
Sponsor: NABE Manufacturing Roundtable
3:45-5:00 PM Skills Session: Comparing Price Measures--CPI/PPI/PCE
Panelists will highlight the similarities, differences, and uses in both the policy and business arenas of the BLS indexes. Noting the recent narrowing of the gap between core CPI inflation and core PCE inflation, they will also point out the differences between these “preferred” consumer price measures.
Maurine Haver, President, Haver Analytics, presiding
John Greenlees, Associate Commissioner for Price Measurement, Bureau of Labor Statistics
Brian C. Moyer,Deputy Chief, National Income and Wealth Division,
Bureau of Economic Analysis
Douglas W. Elmendorf, Chief, Macroeconomic Analysis Section, Division of Research & Statistics, Board of Governors, Federal Reserve System
Sponsors: NABE Statistics Committee and AUBER
