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4- Gross Domestic Product and the National Accounts
Presentations
Speakers
Rosemary Marcuss
Deputy Director
Bureau of Economic Analysis
Rosemary Marcuss is the Deputy Director of the US Bureau of Economic Analysis and was the President of NABE in 2004-2005. She was a member of the Board of Directors of NABE from 2000 to 2003.
From 1983 to 1998, she was the Assistant Director for Tax Analysis, U.S. Congressional Budget Office (CBO), where she was responsible for Congressional tax receipts forecasts and tax policy analysis. She has also been: Senior Manager and Economist, Data Resources, Inc.; Assistant to the President, American Federation of State, County, and Municipal Employees; junior staff member, Council of Economic Advisers; Director, National Tax Association; Member: District of Columbia Tax Revision Commission.
She has a Ph.D. University of Maryland, where she had a National Science Foundation Fellowship.
Shelly Smith
Economist
Bureau of Economic Analysis
Shelly Smith is an economist with the National Income and Wealth Division (NIWD) of the Bureau of Economic Analysis (BEA), U.S. Department of Commerce (USDOC). She began working at BEA in May of 1997. At BEA, she serves as a member of the team responsible for the review and analysis of the quarterly gross domestic product (GDP) estimates. Prior to joining NIWD, Ms. Smith was an economist with the Federal Branch of BEA’s Government Division where she developed estimates of several components of the government accounts, including Federal Government spending on research and development and the current surplus of Federal Government enterprises.
Ms. Smith received her Masters Degree in Applied Economics from the Johns Hopkins University, and her Bachelor’s Degree in International Studies and in Economics from Frostburg State University in western Maryland.
John Silvia
Chief Economist
Wachovia Bank N.A.
Dr. John Silvia joined Wachovia in February 2002 as chief economist for the Bank. Previously, John worked on Capitol Hill as senior economist for the U.S. Senate Joint Economic Committee and chief economist for the U.S. Senate Banking, Housing and Urban Affairs Committee. Prior to that, he was chief economist of Kemper Funds and managing director of Scudder Kemper Investments, Inc. Before joining Kemper Funds, John worked for Harris Bank and taught economics at Indiana University.
John holds a B.A. and a Ph.D. degree in economics from Northeastern University in Boston and has a Master’s degree in economics from Brown University in Providence, RI.
John serves as a member of the Blue Chip Panel of Economic Forecasters and also serves on an informal advisory group for the Federal Reserve Bank of Philadelphia. He is a member of the Economic Advisory Committee at the American Bankers Association and is President of the Charlotte Economics Club. In the past, John has served on economic advisory committees to the Federal Reserve Bank of Cleveland, the Federal Reserve Bank of Chicago, and the Public Securities Association.
In addition, John is Treasurer and a member of the Board of Directors for The Second Harvest Food Bank of Metrolina, a Charlotte civic association. He is also a member of the Business Advisory Committee for the City of Charlotte and he serves on the President’s Council for Charlotte’s Central Piedmont Community College.
Ben Herzon
Macroeconomic Advisers
Ben joined Macroeconomic Advisers in June 1998 as a 'Mr.' and was upgraded to a 'Dr.' in May 1999 when he was awarded a Ph.D. in economics from Washington University in St. Louis. Ben's primary responsibilities at Macroeconomic Advisers involve utilizing monthly data to update MA's current-quarter forecast. This involves research into the construction of the National Accounts and modeling of interactions among monthly data series. Ben is a member of the National Association of Business Economics and a former member of the renowned rock group Lunker Buzz. Prior to his current stint with applied macroeconomics, Ben traveled the country in a Ford Econoline 150 with the band playing both known and unknown clubs for unconscionably low sums of money.


