U.S. Policy in an Uncertain Global Economy

5-6:30 pm

Reception
Sponsored by AUBER

London I & II

8:00:9:00

Open Borders versus Security
A look at cross-border movement of capital and labor, including immigration issues.
Harvey Rosenblum, NABE President and Director of Research/SVP, Federal Reserve Bank of Dallas, presiding
Stephen E. Flynn, Senior Fellow, National Security Studies, Council on Foreign Relations
David Andrea, Director of the Forecasting Group, Center for Automotive Research

9:15-10:15

A Serious Look at Inflation Measures
A look at price and cost of living indexes and measurement.
Charles L. Schultze, Brookings Institution
John Greenlees, Bureau of Labor Statistics
Mark Sniderman, Federal Reserve Bank of Cleveland

10:15:10:30

Coffee Break

Sponsored by Bank One

10:30-11:15

Trends in Credit Quality and Their Impact on the Credit Cycle
Michael R. Englund, Standard & Poor's, presiding
Carl Tannenbaum, LaSalle Banks/ABN AMBRO N.A., introduction
John D. Hawke, Comptroller of the Currency

Sponsored by the Financial Roundtable

11:15 -12:15 PM

Educational Sessions A

Session 1
Measuring Attitudes During times of Uncertainty
What do consumer and business confidence survey measure? What are they currently telling us?
Timothy D. Hogan, Director,
L. William Seidman Research Institute, Arizona State University, presiding
William C. Dunkelberg, Chief Economist, National Federation of Independent Business
Delos R. Smith, Senior Business Analyst, The Conference Board

Sponsored by AUBER

Session 2
Transatlantic Differences in Merger Policy: How the EU and US Evaluate Merger Deals
A discussion of the difference in policy, law, and economics.
Daniel Levine, Principal, MetroCompare LLC and Chair, Corporate Planning Roundtable, presiding
William Kovocic, General Counsel, Federal Trade Commission
Debra A Valentine, Partner, O'Melveny & Myers

Sponsored by the NABE Corporate Planning Roundtable

12:30-1:45

Luncheon
Trade Policy
Harvey Rosenblum, NABE President and Director of Research/SVP, Federal Reserve Bank of Dallas, presiding
Tim O'Neill, Executive Vice President and Chief Economist, Bank of Montreal, introducing
Paula Stern, President, The Stern Group, Inc., and former head of the U.S. International Trade Commission

Sponsored in part by Bank of Montreal

2:00-3:00

Educational Sessions B

Session 1
Overhauling Corporate Financial Reporting
Richard B. Berner, Morgan Stanley, presiding
Patricia Fairfield, Consultant to Morgan Stanley
Gary S. Schieneman, Financial Accounting Standards Board

Session 2
Industries Under Stress
Updates on the troubled industry sectors of travel and tourism and retail trade in the aftermath of September ll.
Richard L. Wobbekind, Associate Dean, Leeds School of Business, presiding
William J. Hannigan, Chairman and CEO, Sabre

Rick Gallagher, Vice President, National Federation of Retailers and Publisher/Editor, STORES magazine

Sponsored by AUBER

3:15-4:30

Educational Sessions C
Session 1
State and Local Government Issues: Changing Fiscal Realities and Macroeconomic Implications
Gary Ciminero, Acting Executive Director, Rhode Island House Policy Office and Chair, Regional/Utility Roundtable, presiding
Sara Johnson, Managing Director, DRI-WEFA
Scott Pattison, Executive Director, National Association of State Budget Officers

John Tepper Marlin, Chief Economist, New York City Comptroller Office

Sponsored by the NABE Regional/Utility Roundtable

Session 2 will meet from 3:15 to 4:45 PM
Private Health Insurance Today and Tomorrow
James F. Rodgers, Vice President, American Medical Association and chair, Health Economic Roundtable, presiding
Recent Trends In Employer-Based Health Insurance
Jon Gabel, Hospital Research and Educational Trust
Government's Role In Private Health Insurance
Glenn Hubbard, Chair, Council of Economic Advisers
A Perspective on the Future of Private Health Insurance
Len Nichols, Center for Studying Health System Change

Sponsored by the NABE Health Economics Roundtable

5:00-6:30 PM

Reception
Bank of America
730 15th Street NW

Sponsored by Cambridge Consumer Credit Index

8-9:15 am

Breakfast
U.S. Monetary Policy in a Global Context
Harvey Rosenblum, NABE President and Director of Research/SVP, Federal Reserve Bank of Dallas, presiding
Diane Swonk, Chief Economist and Sr Vice President, Bank One, Introduction
William McDonough, President and CEO, Federal Reserve Bank of New York

9:30-10:30

Roundtable on Central Bank Policy
Discussion will focus on the role of monetary policy in managing economic risks.
William McDonough, President and CEO, Federal Reserve Bank of New York, presiding
David Dodge, Governor, Bank of Canada
Otmar Issing, Member of the Executive Board, European Central Bank

10:30-10:45

Coffee Break

Co-sponsored by Haver Analytics

10:45-11:30

The Return of Discretionary Fiscal Policy: Myth or Reality?
We will cover the FY 2003 budget as well as the changing government structure and increased policy volatility.
Thomas Woodward, Assistant Director for Tax Policy, Congressional Budget Office, presiding.
Kathleen B. Cooper, Under Secretary for Economic Affairs, U.S. Dept of Commerce

11:30-12:30

Educational Sessions D

Session 1
IT, Logistics, and Productivity in the Post-9/11 Era
Yorgos Papatheodorou, Chief Economist, Lockwood Greene Engineers and Chair, Manufacturing Roundtable, presiding
James Manyika and Mike Nevens, McKinsey Global Institute and authors of the just-published study, "US Productivity and the Impact of IT"
Kevin J. Stiroh, Federal Reserve Bank of New York

Sponsored by the NABE Manufacturing Roundtable

Session 2
Policy and 3G Cellular
A look at appropriate government policy to promote the next generation of cell phone technology.
Bruce J. Kratofil, President, BJK Research and Chair, Technology Roundtable, presiding
Christine Loredo, Senior Analyst, International Wireless Practice, The Strategis Group

Sponsored by the Technology Roundtable

12:30-1:45

Luncheon
Harvey Rosenblum, NABE President and Director of Research/SVP, Federal Reserve Bank of Dallas, presiding
Honorable Paul O'Neill
Secretary of the Treasury

Sponsored by Bloomberg News

1:45-2:30

Is the Macroeconomic Policy Mix Right?
We will examine the monetary and fiscal policy mix and discuss its appropriateness.
Alan S. Blinder, Professor, Princeton University

Introduced by Rosemary Marcuss, Deputy Director, Bureau of Economic Analysis,

2:30-3:15

Closing Reception

Sponored in part by Fannie Mae

Post Conference Trip to Capitol Hill
We plan to facilitate arranging meetings for you with your Senators and Congressional representatives.