NABE 2008 Professional Development Seminar
“Economic Analysis: Quality Data, Meaningful Results”
Federal Reserve Bank of Dallas
June 16-18, 2008
Program as of April 21, 2008
Monday, June 16, 2008
OPTIONAL SKILLS SEMINARS
1:00-2:00 PM “Economic Statistics from the U.S. Government and Industry Sources”
Maurine Haver, Haver Analytics
2:15-3:15 PM “Price Index Number Construction and Issues”
Duncan Meldrum, Air Products
3:15-3:45 PM COFFEE BREAK
3:45-5:00 PM “Decomposition analysis – Seasonality, Trends, and Cycles”
Duncan Meldrum, Air Products
5:00-6:30 PM WELCOME RECEPTION
Tuesday, June 17, 2008
7:30-8:15 AM CONTINENTAL BREAKFAST
8:15-8:30 AM OPENING SESSION – WELCOME
8:30–10 AM CONCURRENT SESSIONS I
Gross Domestic Product and the National Accounts
Learn how the components of GDP are measured, and how economists from finance and consulting use the data in their work.
Rosemary Marcuss, Bureau of Economic Analysis, moderator
Data producer:
Shelly Smith, Bureau of Economic Analysis
Data Users:
John Silvia, Wachovia Bank
Ben Herzon, Macroeconomic Advisers, LLC
Understanding Industry: Evaluating Trends and Impact Analysis
Understand how to use industry data in developing national industry projections and impact studies.
Chris Swann, Economist, moderator
Data producer:
Robert A. Marske, Census Bureau
Data Users:
Jeff Werling, INFORUM/University of Maryland
Mohsen Bonakdarpour, Global Insight
10:00-10:30 AM COFFEE BREAK
10:30 AM-12:00 Noon CONCURRENT SESSIONS II
Labor Markets – Employment
Understand the difference between the household and establishment employment data, and how the data are gathered and analyzed.
Maurine Haver, moderator
Data producers:
Tom Nardone, Bureau of Labor Statistics
Pat Getz, Bureau of Labor Statistics
Data User:
Ben Herzon, Macroeconomic Advisers, LLC
Regional Economics – Evaluating growth and impact analysis
Discover how the Federal Reserve Bank economists assemble regional data into economic indicators and for analysis.
John Kleinhenz, Kleinhenz and Associates, Inc., moderator
“Building and Interpreting Indicators of the Texas Economy”
Keith Phillips, Federal Reserve Bank of Dallas, San Antonio
“Regional Economic Indicators in the Southeast United States”
Michael Chriszt, Federal Reserve Bank of Atlanta
“Creation of the Beige Book and Its Role in Fed Policy”
Charles Steindel, Federal Reserve Bank of New York
12:00-1:30 PM LUNCHEON
Learn what data are used in corporate planning for a large automobile company, and how they are used.
“Business Planning: Economics in a Corporate Setting ”
Ellen Hughes Cromwick, NABE President/Chief Economist, Ford Motor Company
1:30-3PM CONCURRENT SESSIONS III
Flow of Funds
Find answers to the questions, What are the flow of funds data? Where can you find them? How are they useful?
John Silvia, Wachovia Bank, moderator
Data producer:
Susan Hume McIntosh, Federal Reserve Board
Data Users:
Robert McGee, U.S. Trust and Bank of America Wealth Management
Charles Steindel, Federal Reserve Board of New York
Housing and Construction
Learn how housing and construction data are used in analyzing regional development, finding potential markets for commercial construction, and estimating construction costs.
Duncan Meldrum, Air Products, moderator
Data producer:
Arthur R. Cresce, Jr., Census Bureau
Data Users:
Ken Simonson, Associated General Contractors of America
Richard Wobbekind, University of Colorado
3-3:30 PM COFFEE BREAK
3:30-5 PM CONCURRENT SESSIONS IV
Prices
Understand how the consumer price index, producer price index, and the personal consumption expenditure index are measured and how they are used in a major U.S. chemical company.
Maurine Haver, Haver Analytics, moderator
Data producers:
Mike Horrigan, Bureau of Labor Statistics
Brendan Leary, Bureau of Economic Analysis
Data User:
Duncan Meldrum, Air Products
Comparative Regional Analysis
Learn how forecasts for state and metropolitan areas are developed and how regional impact studies are performed.
Rosemary Marcuss, Bureau of Economic Analysis, moderator
Data Producer:
Robert A. Marske, Census Bureau
Data Users:
Jim Diffley, Global Insight
Mark D'Amato, REMI
5:30-7:30 PM
Join your colleagues for dinner at the top of the Westin hotel. Enjoy the spectacular views of downtown Dallas while discussing timely economic topics. We’ll organize dinner tables by topics, such as—What economic conditions most attract businesses to localities? World commodity prices, the dollar, and inflation: what are the connections? GDP: can you believe comparisons across countries? How does a fall in asset prices (including home prices) affect the “real” economy? What role do multinational companies play in the U.S. economy?
Wednesday, June 18, 2008
7:30-8:15 AM CONTINENTAL BREAKFAST
8:30 AM-10:00 AM CONCURRENT SESSIONS V
Corporate Profits
Unravel the mysteries of corporate profit data—what data are available and how are they used for economic analysis in the private sector?
John Silvia, Wachovia Bank, moderator
Data Producer:
Shelly Smith, Bureau of Economic Analysis
Data User:
Nora Mirshafii, U.S. Trust/Bank of America Private Wealth Management
John Mauldin, Millennium Wave Investments
International Trade and Capital Flows
Chris Swann, Economist, moderator
Data Producer:
Maria Borga, Bureau of Economic Analysis
Data User:
Allen Shiau, Global Economic Consulting Associates, Inc.
Adolfo Laurenti, Mesirow Financial
10:00-10:30 AM COFFEE BREAK
10:30 AM-11:45 AM GENERAL SESSION
Panel on economic analysis, quality data, and meaningful results
Harvey Rosenblum, Federal Reserve Bank of Dallas, moderator
Robert Fry, DuPont
Maurine Haver, Haver Analytics
John Kleinhenz, Kleinhenz and Associates, Inc.
John Silvia, Wachovia Bank
11:45 AM ADJOURN
