Naroff Wins Forecast Award; Contributed Paper Honorees Named

Joel Naroff, chief economist of Commerce Bank and president of Naroff Economic Advisors, has won the 2007 NABE Outlook Award.

The outlook award is presented to the NABE outlook panelist with the most accurate forecasts of quarterly gross domestic product and 10-Year Treasury Bond Note rates for the forecasts dated November 2006 through May 2007.

Naroff and the contributed papers award recipients will receive the awards during the annual meeting in San Francisco, Sept. 9-11.

The NABE Contributed Papers Selection Committee has chosen the following recipients:

Edmund A. Mennis Contributed Paper Award

“Forecasting Components of Consumption with Components of Consumer Sentiment”
James A. Wilcox, Haas School of Business, University of California, Berkeley

NABE Contributed Paper Award

“An Empirical Model of the Sources of Innovation in the U.S. Manufacturing Sector”
Jeremy A. Leonard, Economic Consultant, Manufacturers Alliance/MAPI
Cliff Waldman, Economist, Manufacturers Alliance/MAPI