BEA Advisory Committee

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)
• Economic Effect of the Credit Crisis on GDP Statistics (PDF)
• Selected Current Financial Interventions by the Federal Government (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)