As one of the Heritage Foundation’s lead "numbers crunchers," Norbert Michel uses advanced econometric modeling programs to analyze how particular policy decisions affect saving, spending and investment practices in the corporate and consumer world. One of his first projects for Heritage was an analysis of how company disclosures of employee stock options affect the market value of that company, and the real story behind the relationship between stock options and the corporate accounting scandals of 2002. Michel is also part of a team of economists who are constructing a new macroeconomic model, which will give The Heritage Foundation economic forecasting capabilities similar to those of the Congressional Budget Office. Once completed, the model will allow Heritage researchers to get a clear picture of how certain policy decisions on Capitol Hill affect the economy. Prior to joining The Heritage Foundation, Michel worked for the global energy company, Entergy, where he built a logistic regression model to help predict bankruptcies of commercial clients. Michel’s work allowed Entergy to better monitor monetary losses caused by delinquent payments from customers. Michel earned his BBA in Finance and Economics from Loyola University and his Ph.D. from the University of New Orleans. Before coming to Heritage he worked as an economic researcher for the National Ports and Waterways Institute. He currently resides in Arlington, Va. | ||||
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