The BEA Advisory Committee advises the Director of BEA on matters related to the development and improvement of BEA's national, regional, industry, and international economic accounts, especially in areas of new and rapidly growing economic activities arising from innovative and advancing technologies, and provides recommendations from the perspectives of the economics profession, business, and government.
Upcoming Meetings
- May 10, 2024
- November 8 , 2024
May 10, 2024 Meeting
| Time | Topics | Speakers | |
|---|---|---|---|
| 9:30 AM - 10:00 AM |
Welcome & Bureau Update |
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| 10:00 AM - 10:50 AM | Data as an Asset: Update |
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Presentation Background Material |
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| 10:50AM - 11:00 AM | Break |
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| 11:00 AM - 12:30 PM | Consumption Zones |
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Presentation |
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Presentation |
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| 12:30 PM - 1:30 PM | Lunch |
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| 1:30 PM - 3:00 PM | Distribution of Personal Consumption Expenditures |
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Presentation |
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Presentation |
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| 3:00 PM | Adjournment |
The BEA Advisory Committee advises the Director of BEA on matters related to the development and improvement of BEA's national, regional, industry, and international economic accounts, especially in areas of new and rapidly growing economic activities arising from innovative and advancing technologies, and provides recommendations from the perspectives of the economics profession, business, and government.
The BEA Advisory Committee advises the Director of BEA on matters related to the development and improvement of BEA's national, regional, industry, and international economic accounts, especially in areas of new and rapidly growing economic activities arising from innovative and advancing technologies, and provides recommendations from the perspectives of the economics profession, business, and government.
Committee Members
Appointed: October 2021
Current Term Ends: October 26, 2024
Louise Sheiner
Brookings Institution
BEA Advisory Committee Chair
Louise Sheiner is the Robert S. Kerr Senior Fellow in Economic Studies and policy director for the Hutchins Center on Fiscal and Monetary Policy at Brookings.
She previously served as a senior economist in the Fiscal Analysis Section for the Research and Statistics Division with the Federal Reserve Board of Governors. In her time at the Fed, she was also appointed deputy assistant secretary for economic policy at the U.S. Treasury Department and served as senior staff economist for the Council of Economic Advisers. Before joining the Fed, Sheiner was an economist at the congressional Joint Committee on Taxation.
Sheiner pursues research on federal, state, and local fiscal policy, productivity measurement, demographic change, health policy, and other fiscal and macroeconomic issues.
She received her Ph.D. in economics from Harvard University, as well as an undergraduate degree in biology from Harvard.
Appointed: March 2023
Current Term Ends: March 28, 2026
Marshall Reinsdorf
Economic consultant
BEA Advisory Committee Vice Chair
Marshall Reinsdorf is an economic consultant specializing in prices, national accounts, and productivity and a supporting editor of the 2025 System of National Accounts.
Before becoming a consultant, he served in several U.S. government posts and gained experience around the world. Reinsdorf was chief of BEA's National Economic Accounts research group. He was a senior economist in the International Monetary Fund's Statistics Department, a job he took after many years conducting technical assistance and training missions for IMF as a short-term expert. He served as a research economist at the Bureau of Labor Statistics and the Federal Deposit Insurance Corporation.
Reinsdorf has published extensively on economic measurement issues and is a past president of the International Association for Research in Income and Wealth. He is a recipient of the Julius Shiskin Memorial Award for Economic Statistics.
Reinsdorf received his Ph.D. in economics from the University of Maryland, College Park, and a bachelor's degree from Amherst College.
Appointed: October 2003
Current Term Ends: September 30, 2024
Alan J. Auerbach
University of California, Berkeley
Alan J. Auerbach is the Robert D. Burch Professor of Economics and Law, director of the Burch Center for Tax Policy and Public Finance, and former chair of the Economics Department at the University of California, Berkeley. He is also a research associate of the National Bureau of Economic Research and previously taught at Harvard and the University of Pennsylvania.
Auerbach was deputy chief of staff of the U.S. Joint Committee on Taxation in 1992 and has been a consultant to government agencies and institutions in the United States and abroad.
He served as an executive committee member and vice president of the American Economic Association; as editor of that association's Journal of Economic Perspectives and American Economic Journal: Economic Policy; and as president of the National Tax Association and the Western Economic Association International.
He received his Ph.D. in economics from Harvard University and his B.A. in economics and mathematics from Yale University.
Appointed: November 2020
Current Term Ends: November 1, 2026
Julia Coronado
MacroPolicy Perspectives
Julia Coronado is president and founder of the economic research firm MacroPolicy Perspectives LLC and a clinical associate professor at the McCombs School of Business at the University of Texas at Austin.
Previously, she was chief economist at Graham Capital Management and the global investment bank BNP Paribas, and a senior economist at Barclays Capital. She served as a staff economist at the Federal Reserve Board.
Coronado has published scholarly articles about pension finances, Social Security, retirement saving, data collection, and monetary policy. She is a member of the Economic Advisory Panel of the Federal Reserve Bank of New York and the Economic Studies Council at the Brookings Institution.
She served on the board of the National Association of Business Economists and as president of the New York Association of Business Economists.
Coronado received her B.A. in economics from the University of Illinois at Urbana-Champaign and her Ph.D. from the University of Texas at Austin.
Appointed: October 2022
Current Term Ends: October 24, 2025
Robert Feenstra
University of California, Davis
Robert Feenstra is an international trade economist who has spent most of his career on the faculty of the University of California, Davis.
Feenstra is recognized for his research on price index measurement in the presence of product turnover; advocacy for the use of scanner data for improved economic measurement; and contributions to understanding of living standards worldwide through the creation of the next generation of the Penn World Tables.
He was director of the International Trade and Investment Program at the National Bureau of Economic Research, 1992 to 2016. He received the Bernhard Harms Prize from the Kiel Institute for the World Economy and the Julius Shiskin Memorial Award for Economic Statistics. He is a fellow of the Econometric Society and an elected member of the American Academy of Arts and Sciences.
Feenstra received his Ph.D. in economics from the Massachusetts Institute of Technology and his B.A. in economics from the University of British Columbia.
Appointed: July 2023
Current Term Ends: July 16, 2026
Eli Fenichel
Yale University
Eli Fenichel is the Knobloch Family Professor of Natural Resource Economics at Yale University. His research focuses on measuring and valuing natural resource assets, with a specific interest in the connection to national balance sheets and national accounts.
Fenichel co-led the experts group on national accounting for the ocean and ocean economy, which is part of the High Level Panel for a Sustainable Ocean Economy. He also served as an outside advisor on the development of valuation methods for the United Nations System of Environmental Economic Accounting. Fenichel co-led Yale's environmental data science initiative and serves on Yale's committee for data driven social science.
In 2008, Fenichel began his academic career as an assistant professor of ecological- and bio-economics at Arizona State University. He joined the Yale faculty in 2012 as an assistant professor of bioeconomics and ecosystem management. From 2021-23, he served as the White House Office of Science and Technology Policy's assistant director for natural resource economics and accounting, where he helped organize the National Strategy for Statistics for Environmental-Economic Decisions.
Fenichel has an M.S. in agricultural economics and Ph.D. in fisheries and wildlife, with a focus on natural resource economics, from Michigan State University. He has a B.S. in wildlife ecology from the University of Maine.
Appointed: July 2023
Current Term Ends: July 19, 2026
Keith Hall
George Mason University
Keith Hall is a distinguished visiting fellow at the Mercatus Center at George Mason University. Among his notable leadership roles, Hall was director of the Congressional Budget Office from 2015-2019 and commissioner of the Bureau of Labor Statistics from 2008-2012. He also served as chief economist at the U.S. International Trade Commission (USITC) and the White House Council of Economic Advisors.
Earlier in his career, Hall was chief economist at the U.S. Department of Commerce, where he provided technical advice regarding the scope, emphasis, and state of the economic and statistical activities of the U.S. Census Bureau and the Bureau of Economic Analysis. He also worked for 10 years as a senior international economist at USITC.
Before coming to George Mason in 2022, Hall was a professor at Georgetown University's McCort School of Public Policy. He also served in economics faculty positions at the universities of Arkansas and Missouri.
Hall received his M.S. and Ph.D. in economics from Purdue University and his B.A. in economics and psychology from the University of Virginia.
Appointed: September 2024
Current Term Ends: September 5, 2027
Carlos Herrera
The Coca-Cola Company, North America
Carlos Herrera is chief economist for The Coca-Cola Company, North America. He has spent the last 31 years at the company, serving in operations, finance, marketing, and strategic planning.
The main thrust of Herrera’s work is to increase the visibility of ‘what’s to come’ through a deeper understanding of the foodservice industry from an economic perspective. His forecasts are a key input to the development of the company’s strategic and operational plans. Herrera shares his insights on the impact of the economy on consumers and the restaurant industry with leaders of foodservice companies around the world.
Prior to coming to Coca-Cola, Herrera worked for 8 years at Federal Express. He is a member of the board of the National Association for Business Economics, the National Business Economists’ Issues Council, and the Harvard Industry Economists Discussion Group.
Herrera received his master’s degree in industrial and systems engineering from the Georgia Institute of Technology and an undergraduate degree from the Monterrey Institute of Technology and Higher Education.
Appointed: October 2021
Current Term Ends: October 26, 2024
Nela Richardson
Automatic Data Processing Inc. (ADP)
Nela Richardson is the chief economist at ADP and co-head of the ADP Research Institute. Previously, she was principal and investment strategist at the financial services firm Edward Jones, where she analyzed and interpreted economic trends and financial market conditions and recommended investment strategies.
Richardson is also the former chief economist at national real estate brokerage and technology company Redfin Corp. She held research positions at the Commodity Futures Trading Commission, Harvard University's Joint Center for Housing Studies, and Freddie Mac. She served as an adjunct finance professor at the Carey Business School at Johns Hopkins University.
Richardson has served on the boards of the U.S. Chamber of Commerce and the National Association of Business Economists.
She received her Ph.D. in economics from the University of Maryland, College Park, a master's degree in economics from the University of Pennsylvania, and a bachelor's degree from Indiana University, Bloomington.
Appointed: October 2021
Current Term Ends: October 26, 2024
Heather Stephens
West Virginia University
Heather Stephens is director of the Regional Research Institute at West Virginia University, as well as an associate professor of resource economics and management and an adjunct associate professor of economics there. Her research focuses on regional economic development and the differing impacts of policies across regions.
She serves as the chair of the Technical Advisory Committee for the Northeast Regional Center for Rural Development, on the Advisory Council for the Ohio River Valley Institute, and on the editorial boards of Growth and Change and Regional Science Policy and Practice.
Previously, Stephens was an assistant professor of economics and the director of economic research at California State University, Long Beach. She has experience working for a U.S. congressman, on strategic partnership development for a Fortune 100 company, as a local economic development director, and on regional economic development at a university-based applied research institute.
Stephens has a Ph.D. and an MBA from The Ohio State University and a bachelor's from Duke University.
Appointed: April 2023
Current Term Ends: April 17, 2026
Diane Swonk
KPMG
Diane Swonk is chief economist and managing director at KPMG U.S.
Before joining KPMG, Swonk had her own economic consulting firm and worked at Grant Thornton. For more than 10 years she was senior managing director and chief economist at Mesirow Financial. She started her career with First Chicago Bank, which later became part of Bank One, rising to director of research and chief economist.
Swonk has served as a nonpartisan advisor to the Congressional Budget Office and the White House National Economic Council. She regularly briefs the regional Federal Reserve banks and the Board of Governors and has provided congressional testimony on income inequality and economic statistics.
Swonk, a fellow of the National Association for Business Economics, serves on the NABE statistics committee and the Economic Advisory Board of the U.S. Chamber of Commerce.
She has master's and bachelor's degrees in economics from the University of Michigan and an MBA from the University of Chicago.
Appointed: November 2020
Current Term Ends: November 1, 2026
Susan Wachter
The Wharton School of the University of Pennsylvania
Susan Wachter is the Albert Sussman Professor of Real Estate and a professor of finance at The Wharton School of the University of Pennsylvania.
She is the author of more than 200 scholarly publications and the recipient of several awards for teaching excellence at The Wharton School. She co-founded and is co-director of the Penn Institute for Urban Research. She also founded and serves as director of Wharton's Geographical Information Systems Lab.
Previously, Wachter was chairperson of the Real Estate Department and professor of real estate and finance. She was the editor of Real Estate Economics from 1997 to 1999 and currently serves on the editorial boards of several real estate journals.
Wachter received the American Real Estate and Urban Economics Lifetime Achievement Award in 2005. She has served on multiple boards, including the Affordable Housing Advisory Committee of Fannie Mae and the Office of Financial Research Advisory Committee of the U.S. Treasury.
Appointed: March 2024
Current Term Ends: March 1, 2027
Jeff Werling
Economist
Jeff Werling retired from the U.S. Congressional Budget Office (CBO) in 2022 after serving as director of the macroeconomic analysis division since 2016. His division was in charge of producing CBO’s economic projections, which underlie the agency’s federal budget projections. That included examining labor force participation, productivity growth, and inflation and interest rates, as well as modeling proposed changes in federal tax and spending policies.
Before going to the CBO, Werling was the director of Inforum, a research center that was housed in the Department of Economics at the University of Maryland, College Park. Previously, he held positions as an international and industry economist with the Manufacturers Alliance for Productivity and Innovation and Wharton Econometric Forecasting Associates. He has also contributed several consensus economic forecasts.
Werling received a Ph.D. in economics from the University of Maryland, College Park, and a B.S. in mineral economics from the Pennsylvania State University.
Appointed: January 2024
Current Term Ends: January 18, 2027
Teryn Zmuda
National Association of Counties
Teryn Zmuda is the chief research officer and chief economist at the National Association of Counties (NACo), overseeing the Programs and Practices Division and the Research and Data Analytics Division.
Teryn leads efforts to promote NACo as a thought leader, leveraging research and best practices to elevate the county role across the spectrum of local government authorities and policy implementation, within the nation’s intergovernmental system. She also leads NACo's economic analysis, representing the county perspective in federal policy, and guides the development of the issue-focused programmatic work, including peer learning networks and cohorts.
Teryn holds an M.A. in applied economics from George Washington University, a B.A. in sociology from the University of Maryland, and is currently pursuing a PhD in public policy and administration at George Washington University.
Past Meetings
| Time | Topics | Speakers | |
|---|---|---|---|
| 10:00 AM - 10:30 AM | Welcome & Bureau Update |
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| 10:30 AM - 11:15 AM | Direct Investment by Ultimate Host Country |
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Presentation Paper |
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| 11:15 AM - 11:25 AM | Break |
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| 11:25 AM - 12:10 PM | Capitalization of Marketing Expenditures |
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Presentation Background Material |
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Discussion |
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| 12:10 PM - 1:00 PM | Lunch |
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| 1:00 PM - 2:00 PM | 2023 Comprehensive Update |
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Presentation |
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| 2:00 PM - 2:30 PM | Celebrating Dan Sichel | ||
| 2:30 PM | Adjournment |
| Time | Topics | Speakers | |
|---|---|---|---|
| 10:00 AM - 10:30 AM | Welcome & Bureau Update |
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| 10:30 AM - 11:30 AM | Regional R&D Satellite Account |
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Presentation Background Material |
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Presentation |
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Presentation |
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| 11:30 AM - 11:40 AM | Break |
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| 11:40 AM - 12:10 PM | Distribution of Personal Income by State |
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Presentation Background Material |
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Presentation |
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| 12:10 PM - 1:00 PM | Lunch |
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| 1:00 PM - 2:30 PM | Global supply chains |
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Presentation |
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Presentation |
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Presentation |
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| 2:30 PM | Adjournment |
| Time | Topics | Speakers | |
|---|---|---|---|
| 10:00 AM - 11:00 AM | Welcome & Bureau Update |
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Recognition of Dale Jorgenson |
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| 11:00 AM - 11:10 AM | Break |
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| 11:10 AM - 11:45 PM | SNA and BOP Manual Update |
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Presentation Background |
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| 11:45 AM - 12:20 PM | Lunch |
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| 12:20 PM - 1:20 PM | Data Science |
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Presentation |
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Presentation | ||
| 1:20 PM - 1:30 PM | Break |
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| 1:30 PM - 3:00 PM | Health Care Update |
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Presentation |
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Presentation |
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Presentation | ||
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Presentation | ||
| 3:00 PM | Adjournment |
| Time | Topics | Speakers | |
|---|---|---|---|
| 10:00 AM - 10:45 AM | Welcome & Bureau Update |
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| 10:45 AM - 11:20 AM | Space Economy |
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Presentation |
| 11:20 AM - 11:30 AM | Break |
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| 11:30 AM - 12:30 PM | Future Direction for the Regional Accounts |
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Presentation |
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Presentation |
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Presentation | ||
| 12:30 PM - 1:00 PM | Lunch |
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| 1:00 PM - 2:30 PM | Data as an Asset |
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Presentation | ||
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Presentation Background | ||
| 2:30 PM | Adjournment |
| Time | Topics | Speakers | |
|---|---|---|---|
| 10:00 AM - 10:45 AM | Welcome & Bureau Update |
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New International Statistics:
Updates to Balance of Payments Manual and System of National Accounts |
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Presentation |
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| 10:45 AM - 12:00 PM | Trade in Value Added: Update on Work with NSF |
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Presentation |
| 12:00 PM - 1:00 PM | Lunch |
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| 1:00 PM - 2:30 PM | Measuring Infrastructure in BEA's National Accounts |
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Presentation
Background |
| 2:30 PM | Adjournment |
| Time | Topics | Speakers | |
|---|---|---|---|
| 10:00 AM - 10:20 AM | Welcome & Bureau Update |
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| 10:20 AM - 10:40 AM | American Rescue Plan |
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Presentation Background |
| 10:40 AM - 11:10 AM | Housing (Final update ahead of 2021 annual update) |
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Presentation |
| 11:10 AM - 11:20 AM | Break |
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| 11:20 AM - 12:20 PM | Future Direction for the International Accounts |
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Presentation |
| 12:20 PM - 1:00 PM | Lunch |
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| 1:00 PM - 2:30 PM | GDP and Beyond: Next Phase |
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Presentation
Background |
| 2:30 PM | Adjournment |
| Time | Topics | Speakers | |
|---|---|---|---|
| 10:00 AM - 10:20 AM | Welcome & Bureau Update |
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| 10:20 AM - 11:00 AM | BEA's response to COVID-19: Enhanced Products and Early Research |
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PresentationBEA's Response to COVID-19: Enhanced Products and Early Research by Erich Strassner BackgroundNew data highlighting the effects of Selected Federal Pandemic Response Programs Second Quarter Industry, State GDP Stats Come Earlier This Year |
| 11:00 AM - 11:10 AM | Break |
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| 11:10 AM - 12:15 PM | Measuring the Small Business Economy |
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Presentation Measuring the Small Business Economyby Tina Highfill Presentation Small Business Identification: How and Whyby Richard Prisinzano Presentation Measuring the Contribution of Small Businesses to the Canadian Economyby Danny Leung Presentation BEA Satellite Account on Small Business Activityby John Haltiwanger BackgroundMeasuring the Small Business Economy Experimental Estimates of Wages and Gross Output by Business Size and Industry, 2002-2012 Background Information for BEA's Small Business Satellite Account |
| 12:15 PM - 1:00 PM | Lunch |
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| 1:00 PM - 2:00 PM | Prototype GDP Statistics for Puerto Rico |
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Presentation Puerto Rico GDP Project: Prototype Estimates For 2012–2018by Aya Hamano and Amy Filipek Presentation BEA GDP Accounts for Puerto Rico, 2012-2018by Barry Bosworth BackgroundPrototype Gross Domestic Product for Puerto Rico, 2012-2018 |
| 2:00 PM | Adjournment | ||
| Download/Print Complete Agenda | |||
| Time | Topics | Speakers | |
|---|---|---|---|
| 10:00 AM - 10:30 AM | Bureau & Committee Update |
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| 10:30 AM - 11:00 AM | GDP and Beyond: Reaching a Milestone |
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Presentation GDP and Beyond: Update |
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PresentationA Distribution of Personal Income BackgroundMeasuring Inequality in the National Accounts Technical Document: A Methodology for Distributing Personal Income |
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| 11:00 AM - 11:15 AM | Break |
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| 11:15 AM - 12:15 PM |
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Presentation Comments on BEA's Personal Income Distributionby David Splinter Presentation Correcting Underreporting in Survey Incomeby Jonathan Rothbaum Presentation How CBO Adjusts for Underreporting of Means-Tested Transfersby Bilal Habib |
| 12:15 PM - 1:00 PM | Current issue: Impact of Covid-19 on BEA's Economic Accounts |
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PresentationImpact of Covid-19 on BEA's Economic Accounts BackgroundTechnical Note: Coronavirus (COVID-19) Impact on First-Quarter 2020 GDP COVID-19 Pandemic: Federal Recovery Legislation and the NIPAs How did BEA adjust March 2020 wages and salaries? How does the 2020 CARES Act affect BEA's estimates of personal interest payments? How does BEA measure public education services during the closings of schools and college campuses? |
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| 1:00 PM | Adjournment | ||
| Download/Print Complete Agenda | |||
| Time | Topics | Speakers | |
|---|---|---|---|
| 8:30 AM - 9:00 AM | Registration and Coffee | ||
| 9:00 AM - 9:45 AM | Opening Remarks & Bureau Update |
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PresentationEconomic Statistics for Puerto Rico: Consumer Spending, Business Investment, and Trade in Goods |
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| 9:45 AM - 10:45 AM | Improving Measures of Housing Services in BEA's Accounts |
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PresentationImproving Measures of Housing Services in BEA's Accounts by Bettina H. Aten and Dylan G. Rassier BackgroundImproving Measures of National and Regional Housing Services in the U.S. Accounts BackgroundThe Owner-Premium Adjustment in Housing Imputations |
| 10:45 AM - 11:00 AM | Break |
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| 11:00 AM - 12:15 PM | Improving Measures of Housing Services in BEA's Accounts, continued |
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Presentation Measurement of Owner Occupied Housing in the U.S. Consumer Price Indexby Robert Cage Presentation Comments on Proposed Methodology for Measuring Flow of Services from Owner-Occupied Housing by Randy Verbrugge Presentation Improving Measures of Housing Services in BEA's Accountsby Susan M. Wachter Background Housing Services Discussion Questions |
| 12:15 PM - 1:30 PM | Lunch | ||
| 1:30 PM - 2:00 PM | Toward Simultaneous Releases of National, State and Industry-level GDP |
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PresentationBringing Together National, Industry, and State GDP for the First Timeby Erich H. Strassner |
| 2:00 - 3:30 PM | State-level Estimates of Defined Benefit Pension Plans for State & Local Governments |
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PresentationTransactions of State and Local Government Defined Benefit Pension Plans: New experimental data on a state by state basisby David G. Lenze PresentationState-level Public Pension Estimates by Don Boyd PresentationState & Local Government DB Plansby Alan Auerbach BackgroundTransactions of State and Local Government Defined Benefit Pension Plans |
| 3:30 PM | Adjournment | ||
| Download/Print Complete Agenda | |||
| Time | Topics | Speakers | |
|---|---|---|---|
| 8:30 AM - 9:00 AM | Registration and Coffee | ||
| 9:00 AM - 9:30 AM | Opening Remarks |
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| 9:30 AM - 10:15 AM | Measuring the Digital Economy | ||
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PresentationMeasuring the Digital Economy: Plans and Progressby Erich Strassner |
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PresentationComparing the Digital and Physical Sectors Using BEA Approach to Digital Economyby Michael Mandel |
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| 10:15 AM - 10:30 AM | Break |
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| 10:30 AM - 12:00 PM | Measuring the Digital Economy, continued |
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PresentationDisentangling Cell Phone Spending from Cellular Telephone Servicesby Ana Aizcorbe BackgroundGetting Smart About Phones: New Price Indexes and the Allocation of Spending Between Devices and Services Plans in Personal Consumption Expenditures |
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PresentationMeasuring Data in the National Accountsby Robert Kornfeld BackgroundTreatment of Data in National Accounts BackgroundValue of Data: There's No Such Thing as a Free Lunch in the Digital Economy |
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Presentation"Free" Media and Informationby Rachel Soloveichik BackgroundMeasuring the "Free" Digital Economy Within the GDP and Productivity Accounts BackgroundValuing "Free" Media in GDP: An Experimental Approach |
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| 12:00 PM - 1:00 PM | Lunch | ||
| 1:00 PM - 2:00 PM | Measuring the Digital Economy, continued |
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| 2:00 - 3:30 PM | Update: GDP & Beyond |
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PresentationGDP and Beyond: Next Stepsby Steve Landefeld |
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PresentationImproving the Measure of the Distribution of Personal Incomeby David Johnson BackgroundImproving the Measure of the Distribution of Personal Income BackgroundToward National and Regional Distributions of Personal Income |
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PresentationDistributional Financial Accounts of the United Statesby Elizabeth Holmquist BackgroundIntroducing the Distributional Financial Accounts of the United States |
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| 3:30 PM | Adjournment | ||
| Download/Print Complete Agenda | |||
| Time | Topics | Speakers | |
|---|---|---|---|
| 8:30 AM - 9:00 AM | Registration and Coffee | ||
| 9:00 AM - 9:45 AM | Opening Remarks & BEA Update |
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| 9:45 AM - 10:15 AM | Update Session: GDP by County |
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PresentationGross Domestic Product by County Statistics: A Project Update PPTXby Joel Platt |
| 10:15 AM - 10:30 AM | Break |
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| 10:30 AM - 12:00 PM | GDP and Beyond: Priorities & Plans |
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PresentationGDP and Beyond: Priorities and Plans PPTXby Steve Landefeld BackgroundGDP and Beyond: Measuring Economic Progress and Sustainability |
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PresentationComments on GDP and Beyond: Priorities and Plans PPTX
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BackgroundMeasuring Economic Progress and Sustainability PDF PresentationGDP and Beyond: Priorities and Plans PDF |
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| 12:00 PM - 1:15 PM | Lunch | ||
| 1:15 PM - 2:15 PM | Current Issue: Offshore Profit Shifting |
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PresentationCurrent Issue: Offshore Profit Shifting PPTXby Ray Mataloni BackgroundStrategic Movement of Intellectual Property within U.S. Multinational Enterprises PDF Offshore Profit Shifting and Domestic Productivity Measurement Multinational Profit Shifting and Measures Throughout Economic Accounts PDF |
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PresentationOffshore Profit Shifting and the National Accounts PPTXby Alan Auerbach |
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| 2:15 PM - 3:30 PM | Machine Learning for National Economic Accounting |
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PresentationMachine Learning for National Economic Accounting PPTXby Jeff Chen BackgroundOff to the Races: A Comparison of Machine Learning and Alternative Data for Nowcasting of Economic Indicators PDF |
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PresentationDiscussion of "Machine Learning National Economic Accounts" PPTXby Pat Bajari |
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| 3:30 PM | Adjournment | ||
| Download/Print Complete Agenda | |||
| Time | Topics | Speakers | |
|---|---|---|---|
| 8:30 AM - 9:00 AM | Registration & Coffee | ||
| 9:00 AM - 9:10 AM | Opening Remarks |
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| 9:10 AM - 10:00 AM | Current Issue: Impact of Tax Reform on BEA's Accounts |
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Presentation2017 Tax Cuts and Jobs Act: Impact on the U.S. National Accounts PDFby Ben Mandel |
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PresentationComments on The Tax Cuts & Jobs Act PDFby Joel Prakken BackgroundThe Macroeconomic Impact of the Tax Cuts and Jobs Act PDFby Joel Prakken, Chris Varvares |
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| 10:00 AM - 10:45 AM | Update on the Outdoor Recreation Satellite Account |
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PresentationOutdoor Recreation Satellite Account: Prototype Estimates, 2012–2016 PDFby Lucas Hitt |
BackgroundSurvey of Current Business: Introducing the Outdoor Recreation Satellite Accountby Tina Highfill, Connor Franks, Patrick S. Georgi, and Thomas F. Howells III |
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News Release: Outdoor Recreation Satellite Account: Prototype Statistics for 2012-2016 |
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Blog: Prototype Statistics: Outdoor Recreation Accounted for 2 Percent of GDP in 2016 |
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PresentationIndustry's Perspectives on ORSA PDFby Rob Southwick |
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| 10:45AM - 11:00 AM | Break | ||
| 11:00 AM - 11:20 AM | Bureau Update |
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| Launching a New bea.gov |
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| 11:20 AM - 12:30 PM | Housing Services: Alternative Measures and Data Sources |
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PresentationHousing Services and the National Accounts PDFby Erich Strassner |
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PresentationOwner-occupied Housing: Alternative methods of valuing expenditures PDFby Bettina H. Aten BackgroundWorking Paper: Valuing Owner-Occupied Housing: an empirical exercise using the American Community Survey (ACS) Housing files PDFby Bettina H. Aten Working Paper: Rental equivalence estimates of national and regional housing expenditures PDFby Bettina H. Aten Working Paper: Imputing Rents to Owner-Occupied Housing by Directly Modelling Their Distribution PDFby Arnold J. Katz |
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PresentationBig Data in Housing: An Overview of Zillow Microdata and its Potential for National Accounts PDFby Scott Wentland and Marina Gindelsky BackgroundMonetary Policy and Home Prices: Big Data Research Applications at BEA PDFby Scott Wentland (BEA) & Jeremy Moulton (UNC) |
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| 12:30 PM - 1:45 PM | Lunch | ||
| 1:45 PM - 3:00 PM | Housing Services: Alternative Measures and Data Sources (continued) |
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PresentationThoughts on Measuring Aggregate Housing Services PDFby Raven Molloy |
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PresentationDiscussion of Housing Services PDFby David Johnson |
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BackgroundCanadian Housing Statistics Program Overview PDF |
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| 3:00 PM - 3:30 PM | Toward Prototype GDP by County Statistics |
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PresentationResearch and Development of Prototype Gross Domestic Product by County Statistics PDFby Ledia Guci BackgroundWorking Paper: A Research Agenda for Measuring GDP at the County Level PDFby Ledia Guci, Charles Ian Mead, Sharon D. Panek |
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| 3:30 PM | Adjournment | ||
| Download/Print Complete Agenda | |||
| Time | Topics | Speakers | Presentations & Background Materials |
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| 8:30 AM - 9:00 AM | Registration and Coffee | ||
| 9:00 AM - 9:30 AM | Opening Remarks & Bureau Update |
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| 9:30 AM - 10:00 AM | Current Issue: Treatment of Disasters in BEA's Economic Accounts |
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PresentationThe Treatment of Disasters in the National Income and Product Accounts PDF |
| 10:00AM - 11:00 AM | Quality-Adjusted Prices for Medical Care |
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PresentationAre Medical Care Prices Still Declining? A Systematic Examination of Quality-Adjusted Price Index Alternatives for Medical Care PDF BackgroundAre Medical Care Prices Still Declining? A Systematic Examination of Quality-Adjusted Price Index Alternatives for Medical Care PDF by Seidu Dauda, Abe Dunn, and Anne Hall |
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PresentationDiscussion of "Are Medical Care Prices Still Declining?" PDF |
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| 11:00 AM - 11:15 AM | Break | ||
| 11:15 AM - 12:00 PM | Toward a Satellite Account for Outdoor Recreation |
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PresentationOutdoor Recreation Satellite Account PDF |
| 12:00 PM - 1:15 PM | Lunch | ||
| 1:15 PM - 2:00 PM | Update on Seasonal Adjustment Plans |
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PresentationUpdating BEA's National Accounts: Update on Seasonal Adjustment Plans PDF |
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PresentationResidual Seasonality in GDP … Again? PDF BackgroundFEDS Notes: Residual Seasonality in GDP (2015) by Charles E. Gilbert, Norman J. Morin, Andrew D. Paciorek, and Claudia R. Sahm FEDS Notes: Another Look at Residual Seasonality in GDP (2017) by Paul Lengermann, Norman Morin, Andrew Paciorek, Eugenio Pinto, and Claudia Sahm |
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| 2:00 PM - 3:30 PM | Quality-Adjusted Prices for High Tech Goods/Services – Current Work and Future Plans |
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PresentationQuality-Adjusted Prices for High Tech Goods/Services: Current Work and Future Plans PDF |
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| 3:30 PM | Adjournment |
| Time | Topics | Speakers | Presentations & Background Materials |
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| 9:15 AM - 9:30 AM | Registration | ||
| 9:30 AM - 9:45 AM | Welcome & Opening Remarks |
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| 9:45 AM - 11:15 AM | Measuring Quality Adjusted Prices in the 21st Century |
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| 11:15 AM - 12:30 PM | Launching a New Bea.gov |
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| 12:30 PM - 1:30 PM | Lunch | ||
| 1:30 PM - 1:45 PM | BEA Update |
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| 1:45 PM - 2:30 PM | Updating BEA's National Accounts | ||
| Overview of Plans Including Seasonal Adjustment |
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| 2:30 PM - 2:45 PM | Break | ||
| 2:45 PM - 3:30 PM | Updating BEA's National Accounts, continued | ||
| Consumer Spending & Use of Big Data |
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| The Government Sector & Harmonized Treatment of Pensions |
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| 3:30 PM | Adjournment |
| Time | Topics | Speakers | Presentations | Background Materials |
|---|---|---|---|---|
| 8:30 AM - 9:00 AM | Registration and Coffee | |||
| 9:00 AM - 9:15 AM | Opening Remarks | Justin Antonipillai, ESA | ||
| 9:15 AM - 10:45 AM | Update on GDP Initiatives: Source Data Acceleration & Impacts on GDP |
Ron Jarmin, Census Bureau | Source Data Acceleration & Impacts on GDP PDF by Ron Jarmin | |
| David Wasshausen | Source Data Acceleration PDF by Thomas Howells and David Wasshausen | |||
| Seasonal Adjustment Improvements | Brent Moulton | Residual Seasonality in GDP and GDI PDF by Brent Moulton | Residual Seasonality in GDP and GDI: Findings and Next Steps PDFby Brent Moulton and Benjamin Cowan BEA Moves Ahead on Second Phase to Combat Potential for Residual Seasonality in GDP | |
| Discussant: Joel Prakken | ||||
| 10:45 AM - 11:00 AM | Break | |||
| 11:00 AM - 12:00 PM | Trade in Services Initiative | Paul Farello Kristy Howell |
Trade in Services Initiative PDF by Paul Farello and Kristy Howell New Separately Published Countries Handout PDF Services Detail by Type Handout PDF |
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| Discussant: William Shpiece, USTR |
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| 12:00 PM - 1:30 PM | Working Lunch: Update on the Commission on Evidence-Based Policymaking |
Katharine Abraham | Commission on Evidence-Based Policymaking PDF by Katharine G. Abraham | About CEP PDF |
| 1:30 PM - 1:50 PM | Update on BEA Activities | Brian Moyer | ||
| 1:50 PM - 2:00 PM | Break | |||
| 2:00 PM - 3:30 PM | Measuring the Digital Economy | Erich Strassner | Measuring the Digital Economy PDF by Erich Strassner | |
| Quality Adjustment of High-Tech Goods and Services Prices | Ana Aizcorbe | Improving ICT Deflators in the National Accounts PDF by Ana Aizcorbe | ||
| Daniel Sichel | A New Look at Prices of Personal Computers, Tablets, and Cell Phones: A Progress Report PDF by Daniel Sichel | |||
| Discussants: | ||||
| Giulia McHenry, NTIA | Measuring the Digital Economy: Motivations and Initiatives PDF by Giulia McHenry | |||
| Carol Corrado, The Conference Board | Discussion of Improving ICT Deflators in the National Accounts PDF by Carol Corrado | |||
| 3:30 PM | Adjournment | |||
| Topics | Materials |
|---|---|
| Introducing BEA's New Strategic Plan | |
| Update: Improvements to Seasonal Adjustment in GDP | |
| County-level GDP: Proposed Method and Research Agenda | |
| Big Data Update: Enhancing Consumer Spending Statistics | |
| Information on the 2016 Annual Updates to BEA Accounts |
| Time | Topics | Speakers | Presentations | Background Materials |
|---|---|---|---|---|
| 8:30 AM - 9:00 AM | Registration and Coffee | |||
| 9:00 AM - 9:30 AM | Opening Remarks & Bureau Update | Brian Moyer | ||
| Ellen McGratten | ||||
| 9:30 AM - 10:45 AM | Exploring the Boundaries of Production: Cultivated Assets and Valuing "Free" Media | Brent Moulton, Rachel Soloveichik |
Long-Lived Farm Animals As Capital Assets PDFBy Eldon Ball, Roberto Mosheim (ERS) and Rachel Soloveichik (BEA)
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| Discussant: Chuck Hulten | ||||
| 10:45 AM - 11:00 AM | Break | |||
| 11:00 AM - 12:15 PM | Update Session: | |||
| Latest Results from the Health Care Satellite Account | Abe Dunn | Introducing the New BEA Health Care Satellite Account PDFBy Abe Dunn, Lindsey Rittmueller, and Bryn Whitmire |
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| New Measurements of the Impacts of Globalization | Jim Fetzer, Tom Howells | Update on New Measurements of the Impacts of Globalization PDFby James J. Fetzer and Thomas F. Howells III |
Identifying Heterogeneity in the Production Components of Globally Engaged Business Enterprises in the United States PDFby James J. Fetzer and Erich H. Strassner
Supply-Use Tables for the United States PDFby Jeffrey A. Young, Thomas F. Howells III, Erich H. Strassner, and David B. Wasshausen |
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| New FDI Data on Greenfield and Acquisitions | Patricia Abaroa | |||
| Committee Discussion | ||||
| 12:15 PM - 1:45 PM | Lunch | |||
| 1:45 PM - 2:45 PM | Big Data: Tackling New Projects and Exploring New Sources | Dennis Fixler | ||
| Discussant: Roberto RigobonMassachusetts Institute of Technology |
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| 2:45 PM - 3:30 PM | Prototyping BEA's Next Generation Website: A Better Way to Connect with Customers | Lucas Hitt | Prototyping BEA's Next Generation Website: A Better Way to Connect with Customers PDFby Lucas Hitt and PJ Urquilla
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| P.J. Urquilla | ||||
| Committee Discussion | ||||
| 3:30 PM | Adjournment | |||
| Time | Topics | Speakers | Presentations | Background Materials |
|---|---|---|---|---|
| 8:30 AM - 9:00 AM | Registration and Coffee | |||
| 9:00 AM - 9:15 AM | Welcome and Opening Remarks |
Brian Moyer
Ernst Berndt |
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| 9:15 AM - 10:45 AM | BEA's Regional Program: Recent Improvements and Future Work |
Joel Platt & Ledia Guci
Ray Rasker, Headwaters Economics
Discussant: Andrew Reamer |
Real Personal Income and Regional Price Parities for States and Metropolitan Areas, 2008–2012 PDFby Bettina H. Aten and Eric B. Figueroa
Prototype Personal Consumption Expenditures by State for 1997–2012 PDFby Christian Awuku-Budu, Ledia Guci, Christopher A. Lucas, and Charles Ian Mead
Prototype Quarterly Gross Domestic Product by State Statistics for 2005–2013 PDFby Lam Cao, Charles Ian Mead, Todd Siebeneck, and Catherine (Zheng) Wang
The Importance of Non-labor Income: An Analysis of Socioeconomic Performance in Western Counties by Type of Non-labor Income PDFby Megan M. Lawson, Ray Rasker, and Patricia H. Gude |
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| 10:45 AM - 11:00 AM | Break | |||
| 11:00 AM - 12:00 PM | Update Session: Harmonizing BEA's Measures of GDP, GDI, and Value Added |
Brent Moulton
Committee Discussion |
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| 12:00 PM - 1:30 PM | Lunch: Plans for BEA's Web Site Redesign |
Lucas Hitt & P.J. Urquilla |
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| 1:30 PM - 1:45 PM | International Trade and Investment Facts Web Application | Ryan Howley |
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| 1:45 PM - 2:15 PM | Update on BEA Activities |
Under Secretary Mark Doms
Brian Moyer |
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| 2:15 PM - 3:30 PM | Better Measuring the Financial Sector Output: BEA/FRB Integrated Macro Accounts and Shadow Banking |
Bob Kornfeld & Kyle Hood
Discussants: Susan Hume McIntosh, Federal Reserve Board, & Daniel Sichel
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Financial Subsectors in the Integrated Macroeconomic Accounts PDFby Robert Kornfeld, Lisa Lynn, and Takashi Yamashita
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Financial Subsectors in the Integrated Macroeconomic Accounts PDFby Robert Kornfeld, Lisa Lynn, and Takashi Yamashita
Research Spotlight: Alternative Measures of Implicitly Priced Financial Services of Savings Institutions and Credit Unions PDFby Kyle K. Hood
How do you Complete the Picture of Credit Intermediation?: Production and Consumption of Shadow Banking Services in the United States PDFby Carol Corrado, Kyle Hood, and Marshall Reinsdorf |
| 3:30 PM | Adjournment | |||
| Time | Topics | Presentation | Background Materials |
|---|---|---|---|
| 8:30 AM - 9:00 AM | Registration and Coffee | ||
| 9:00 AM - 9:30 AM | Welcome and Opening Remarks | ||
| 9:30 AM - 11:00 AM | Health Care Satellite Account |
Discussant's Remarks:
Comments on David Johnson's, "Overview of BEA's New Health Care Satellite Account" PDFby Ernst R. Berndt |
Household Consumption Expenditures for Medical Care: An Alternate Presentation PDFby Ana Aizcorbe, Eli B. Liebman, David M. Cutler, and Allison B. Rosen
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| 11:00 AM - 11:15 AM | Break | ||
| 11:15 AM - 12:15 PM | Update Session: Factoryless Goods Manufacturing, Global Value Added Chains |
Update on BEA efforts to measure the economic impacts of Global Value Chains PDFby Ray Mataloni and Erich Strassner
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| 12:15 PM - 1:30 PM | Lunch | ||
| 1:30 PM - 2:15 PM | Update on BEA Activities | ||
| 2:15 PM - 3:30 PM | Revisions to GDP/GDI |
Discussant's Remarks:
Comments on Dennis J. Fixler's, "Revisions to GDP and GDI" PDFby Ellen R. McGrattan |
The Revisions to GDP, GDI, and Their Major Components PDFby Dennis J. Fixler, Ryan Greenaway-McGrevy, and Bruce T. Grimm
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| 3:30 PM | Adjournment | ||
Agenda PDF
Background Material
- America is Open for Business, DOC Strategic Plan, FY2014-2018 PDF
- Improving the Quality of Economic Statistics by Michael Boskin PDF
- Summary of the 1992 Economic Statistics Initiative PDF
- The Comprehensive Restructuring of the International Economic Accounts, by Maria Borga and Kristy L. Howell PDF
- Preview International Transactions and International Investment Position Tables
- Preview of the 2013 Comprehensive Revision of the Industry Economic Accounts, by Erich H. Strassner and David B. Wasshausen PDF
- Prototype Quarterly Statistics on U.S. Gross Domestic Product by Industry, 2007–2011, by Erich H. Strassner and David B. Wasshausen PDF
- A Prototype BEA/BLS Industry-Level Production Account for the United States, by Susan Fleck, Steven Rosenthal, Matthew Russell, Erich H. Strassner, Lisa Usher PDF
- U.S. Bureau of Economic Analysis and National Endowment for the Arts Release Preliminary Report on Impact of Arts and Culture on U.S. Economy PDF
- Stumbling into the Great Recession: How and Why GDP Estimates Kept Economist and Policymakers in the Dark, by Andrew Reamer PDF
Presentations
- Comprehensive Restructuring of the International Economic Accounts, by Paul Farello, Kristy Howell and Christopher Gohrband PDF
- Recent Enhancements & Extensions of the Industry Accounts, by Erich Strassner and Dave Wasshausen PDF
- Stumbling into the Great Recession: How and Why GDP Estimates Kept Economist and Policymakers in the Dark, by Andrew Reamer PDF
Agenda PDF
Background Material
- Experimental PCE-by-State Statistics, by Christian Awuku-Budu, Ledia Guci, Christopher Lucas, and Carol Robbins PDF
- A Test of Hedonic Price Indexes for Imports, by Mina Kim, BLS and Marshall Reinsdorf, BEA PDF
- Measuring "Factoryless" Manufacturing: Evidence from U.S. Surveys, by Fariha Kamal, Census Bureau, Brent Moulton and Jennifer Ribarsky, BEA PDF
- Data Watch 7.1: Implications of Global Value Chains for the Measurement of Trade Flows, 2013 Economic Report of the President PDF
- Measuring Trade in Value-Added: An OECD-WTO Joint Initiative (Concept Note) PDF
Presentations
- Personal Consumption Expenditures by State: Source Data, Methodology, and Preliminary Results, by Carol Robbins (with Christian Awuku-Budu, Ledia Guci, Christopher Lucas) PDF
- Discussant's Remarks: Personal Consumption Expenditures by State, by Therese J. McGuire
- An Update on Research on Price Measurement Implications of Globalization, by Marshall Reinsdorf PDF
- Measuring "Factoryless" Manufacturing, by Brent Moulton (with Fariha Kamal, Jennifer Ribarsky) (PPT)
- Trade in Value Added, by Maria Borga and Jiemin Guo (PPTX)
- Accounting for the Changing Impact of the Federal Government Including the Affordable Care Act, by Benjamin A. Mandel PDF
Agenda PDF
Background Material
- Trends in the Distribution of Household Income Between 1979 and 2007, by Edward Harris and Frank Sammartino, Congressional Budget Office PDF
- Accounting for the Distribution of Income in the U.S. National Accounts, by Dennis Fixler, BEA, and David S. Johnson, Census Bureau PDF
- Integration of Micro and Macro Data on Consumer Income and Expenditures, by Clinton P. McCully, BEA PDF
- BEA's Plans for FY2013, by Steve Landefeld, BEA (Word)
Presentations
- Trends in the Distribution of Household Income, 1979–2009, by Edward Harris, Congressional Budget Office (PPT)
- Discussant's Remarks: Incorporating Distributional Information Into the National Accounts, by Dale W. Jorgenson, Harvard University (PPT)
- Accounting for the Distribution of Income in the U.S. National Accounts, by Dennis Fixler, BEA, and David S. Johnson, Census Bureau PDF
- Discussant's Remarks: Discussion of Fixler and Johnson, by Robert Gordon, Northwestern University
- Consumer Income & Expenditures: Integrating Micro & Macro Data, by Clinton P. McCully, BEA
- Discussant's Remarks: Discussion of "Consumer Income and Expenditures: Integrating Micro and Macro Data", by Karen Dynan, Brookings Institution
Agenda PDF
Background Material
- Echo of financial crisis heard in recent jobless claims drop, by Lewis Alexander and Jeffrey Greenberg (NOMURA) PDF
- Stronger data ahead: explanation and implication, by Ellen Zentner, Aichi Amemiya, Jeffrey Greenberg (NOMURA) PDF
- Seasonal bias in sentiment indicators: reduced, but not eliminated, by Lewis Alexander, Ellen Zentner, Jeffrey Greenberg (NOMURA) PDF
- Another springtime rope-a-dope?, by Michael Feroli (JPMorgan Chase Bank) PDF
- FY2012 Budget by Major Product (Word)
- Adding Actuarial Information on Defined Benefit Pension Plans and Social Security to the National Accounts, by Dominque Durant (Banque de France-Autorite de contrôle prudentiel), David Lenze, and Marshall Reinsdorf PDF
Presentations
- Seasonal Adjustment and BEA's Estimates of GDP and GDI, by Bob Kornfeld (PPT)
- Modeling Recession Effects and the Consequences for Seasonal Adjustment, by Demetra Lytras (PPT)
- Recessions and the Seasonal Adjustment of Industrial Production, by Charles Gilbert (PPT)
- Seasonal Adjustment, by Maurine Haver (PPT)
- Comments on Seasonal Adjustment, by Lewis Alexander (PPT)
- BEA's Budget: Setting Priorities in the Face of Tight Budgets, by Brian Moyer (PPT)
- Looking Ahead: 2013 NIPA Comprehensive Revision, by Brent Moulton (PPT)
- Actuarial Measures of Defined Benefit Pension Plans for the National Accounts, by Marshall Reinsdorf (PPT)
- Comments on: Actuarial Measures of DB Pension Plans, by Barry Bosworth (PPT)
Agenda PDF
Background Material
- Revisions to GDP, GDI, and Their Major Components by By Dennis J. Fixler, Ryan Greenaway-McGrevy, and Bruce T. Grimm PDF
- FAQ: How did the recent GDP revision change the picture of the 2007-2009 recession and recovery? PDF
- FAQ: Why has the initial estimate of real GDP for the fourth quarter of 2008 been revised down so much? PDF
- Annual Revision of the National Income and Product Accounts... by Eugene P. Seskin and Shelly Smith PDF
- The Role of Profits and Income in the Statistical Discrepancy, by Dylan G. Rassier PDF
- BEA Priorities PDF
Presentations
- The Role of Profits and Income in the Statistical Discrepancy by Dylan G. Rassier PDF
- Revisions to BEA's Estimates of GDP and GDI by Dennis Fixler PDF
- Income, Expenditures, and the "two map problem" by William D. Nordhaus PDF
Agenda PDF
Background Material
- Not Really 'Made in China', by Andrew Batson, Wall Street Journal
- Give Credit Where Credit is Due: Tracking Value Added in Global Production Chains, by Robert Koopman, William Powers, Zhi Wang, Shang-Jin Wei PDF
- Economic Classification Policy Committee(ECPC) Recommendations for Classification of Outsourcing in North American Industry Classification System (NAICS) Revisions for 2012 PDF
- Comparing the Consistency of Price Parities for Regions of the U.S. in an Economic Approach Framework, by Bettina Aten and Marshall Reinsdorf* PDF
- Notes on Estimating the Multi-Year Regional Price Parities by 16 Expenditure Categories: 2005-2009, by Bettina Aten, Eric Figueroa and Troy Martin PDF
Presentations
- Global Manufacturing and Measurement Issues Raised by the iPhone, by Robert E. Yuskavage and Jennifer Ribarsky PDF
- Update on NIPA Projects and Plans, by Brent Moulton PDF
- Update on BEA Management, Communication, and IT Activities, by Brian C. Moyer PDF
- Consistency of Price Parities for Regions of the U.S. in an Economic Approach Framework, by Bettina Aten and Marshall Reinsdorf PDF
Agenda PDF
Background Material
- Measurement Issues Arising from the Growth of Globalization – Conference Summary, by Susan N. Houseman and Kenneth F. Ryder, Jr. PDF
- Measurement Issues Arising from the Growth of Globalization - Conference Papers, edited by Susan N. Houseman and Kenneth F. Ryder, Jr. PDF
- Regional Directorate Research Update, by Carol Robbins PDF
Presentations
- Measurement Issues Arising from the Growth of Globalization, by Susan N. Houseman and Kenneth F. Ryder, Jr. PDF
- BEA's 2011 Research Agenda, by Ana Aizcorbe, Dennis Fixler, Tom Howells, Carol Robbins, Ned Howenstine, and Marshall Reinsdorf PDF
Agenda PDF
Background Material
- Accounting for Investments in Formal Education, by Katharine G. Abraham PDF
- Human Capital Accounting in the United States: 1994 to 2006, by Michael S. Christian PDF
- The Income- and Expenditure-Side Estimates of U.S. Output Growth, by Jeremy J. Nalewaik PDF
- Appendix, by Jeremy J. Nalewaik PDF
- Discussant's Remarks by J. Steven Landefeld for the Brookings Papers on Economic Activity Spring 2010 Conference (DOC)
- Associated charts (PPT)
- GDP and Beyond: Measuring Economic Progress and Sustainability, by J. Steven Landefeld, Brent R. Moulton, Joel D. Platt, and Shaunda M. Villones PDF
Presentations
- Accounting for Investments in Formal Education, by Katharine G. Abraham PDF
- Human Capital and the National Accounts, by Dale W. Jorgenson PDF
- Human Capital Accounting in the United States: 1994-2006, by Michael S. Christian PDF
- Discussion of Michael Christian: "Human Capital Accounting in the US: 1994-2006", by Ellen R. McGrattan PDF
- Additional material: Comments for Ellen R. McGrattan presentation PDF
- Gross Domestic Product for the U.S. Territories, by Brian C. Moyer PDF
- Regional Economic Accounts: New Project Development, by Joel D. Platt PDF
- The Income-and Expenditure-Side Estimates of U.S. Output Growth, by Jeremy J. Nalewaik PDF
- GDP vs. GDI: Source Data Issues, by Brent R. Moulton PDF
- Advisory Committee Discussion of GDP vs GDI, by Dennis J. Fixler PDF
- The Statistical Discrepancy, by William D. Nordhaus PDF
Agenda PDF
Background Material
- GDP and Beyond: Measuring Economic Progress and Sustainability, by J. Steven Landefeld and Shaunda M. Villones PDF
Presentations
- GDP & Beyond: Measuring Economic Progress & Sustainablility, by J. Steven Landefeld, BEA Director PDF
- Monitoring Economic Stimulus in the NIPAs: Update on Economic Conditions, by Carol E. Moylan PDF
- Federal Economic Stimulus in the NIPAs, by Pamela Kelly, BEA PDF
Agenda PDF
Background Material
- Future Directions for the Industry Accounts, by Brian C. Moyer PDF
- Preview of the 2009 Comprehensive Revision of the NIPAs: Changes in Definitions and Presentations, by Eugene P. Seskin and Shelly Smith PDF
- Preview of the 2009 Comprehensive Revision of the National Income and Product Accounts: New Classifications for Personal Consumption Expenditures, by Clinton P. McCully and Teresita D. Teensma PDF
- Preview of Revised NIPA Estimates for 2002, by Kurt Kunze and Stephanie H. McCulla PDF
- Macro Focus - The Shape of Things to Come ©, Courtesy of Macroeconomic Advisers PDF
Presentations
- Measuring the Rapidly Changing Economy: GDP, National Income, Financial Sector, and Government Programs, by Brent R. Moulton, BEA PDF
- Measuring the Rapidly Changing Economy: Industry Economic Accounts, by Nicole Mayerhauser, BEA PDF
- Measuring the Rapidly Changing Economy - International Aspects, by Obie G. Whichard, BEA PDF
- Comments on Measuring the Rapidly Changing U.S. Economy, by Bart van Ark, Vice President and Chief Economist, The Conference Board PDF
- Comments on Measuring the Rapidly Changing U.S. Economy, by Charles P. Thomas, Board of Governors of the Federal Reserve System PDF
- Corporate Profits and the Recession, by Alan Auerbach, BEA (PDFB)
- Update on BEA Activities, by Steve Landefeld, BEA Director PDF
- Developments in the Industry Accounts, by Brian C. Moyer, BEA PDF
Agenda PDF
Presentations
- How Can the GDP Accounts Be Made More Effective for Business Cycle Analysis?, by Brent R. Moulton, BEA PDF
- Discussion of Issues: How Can the GDP Accounts Be Made More Effective for Business Cycle Analysis?, by Robert J Gordon, BEA Advisory Committee PDF
- The Effect of the Financial Crisis on the "Real Economy:" Separating Financial from Real Effects in the Current GDP Statistics, by Carol E. Moylan, BEA PDF
- The NIPA's and the Housing Financial "Crisis", by Steve Landefeld, BEA Director PDF
- BEA Statistical Developments, by Steve Landefeld, BEA Director (PDFB)
- Measuring the Effect of Changes in the Terms of Trade on Incomes, Exports, and Prices, by Marshall Reinsdorf, BEA PDF
- Real Income Measurement: The Canadian Experience, by Ryan MacDonald, Statistics Canada PDF
Agenda PDF
Background Material
- Declines in the Volatility Of the U.S. Economy: A Detailed Look, by Bruce Grimm and Brian Sliker PDF
- Handout for Discussion of: "Declines in the Volatility of the U.S. Economy: A Detailed Look", by Robert Gordon PDF
- Effects of Terms of Trade Gains and Tariff Changes on the Measurement of U.S. Productivity Growth, by Robert Feenstra, Marshall Reinsdorf, and Matthew J. Slaughter PDF
Presentations
- Update on BEA Activities, by Steve Landefeld PDF
- Sources of Moderation in the Volatility of GDP, by Bruce Grimm and Brian Sliker PDF
- Discussion of: "Declines in the Volatility of the U. S. Economy: A Detailed Look", by Robert J. Gordon PDF
- Effects of Changes in Terms of Trade on GDP, Productivity and Command-Basis GNP, by Marshall Reinsdorf PDF
- Personal Consumption Expenditures: New Classification System, by Clint McCully PDF
- Comments on New Classification System for PCE, by David Lebow PDF
Contact Us
The BEA Advisory Committee meets twice yearly. To attend, or to request additional information, please contact Gianna Marrone at gianna.marrone@bea.gov.