Location: The Heritage Foundation's Allison Auditorium
Notwithstanding the large volume of high quality macroeconomic data published by the Bureau and Economic Analysis (BEA) and other government agencies, our nation continues to face important challenges associated with the measurement of our standard of living and turning points in our economy. For example, the recent recession has highlighted important measurement issues in the financial and housing areas. In addition, the National Income and Product Accounts continue to lack comprehensive metrics of the contributions to economic activity from innovation and entrepreneurial activity, although the BEA and allied government and private sector organizations are moving ahead to address these shortcomings through the incorporation of more information on innovation and entrepreneurship. This day-long conference will explore the measurement challenges associated with the recession, particularly in the financial and housing sectors; how innovation can become a standard component of our national accounting system; and how incorporating innovation metrics will aid the development of a unified picture of the sources of growth and economic disruption.
Survey of Current Business Online, February, 2010
Opening Remarks (9:45-10:00 a.m.) William BeachThe Heritage FoundationKaren DynanThe Brookings Institution
Measuring Innovation and Change (10:00 a.m.-10:20 a.m.)
How Should We Think about Measuring Innovation and Change? Rebecca Blank Economics and Statistics AdministrationDownload Transcript
Addressing Gaps in Economic Data on Saving and Retirement Incomes Marshall ReinsdorfBureau of Economic AnalysisDownload PresentationDownload Personal Savings PaperDownload Defined Benefit Paper
Paul SmithFederal Reserve BoardDownload Presentation
Break (11:00-11:15 a.m.)
Measuring Innovation and Change (11:15 a.m.-12:30 p.m.)
Filling Gaps in the Nation's Economic Accounts Steven LandefeldBureau of Economic AnalysisDownload PresentationDownload Paper
Stress Testing Economic Data Alan KruegerU.S. Department of the TreasuryDownload Paper
Discussants:
Mark DomsEconomics and Statistics Administration
Karen DynanThe Brookings InstitutionDownload Transcript
Donald MarronLightyear CapitalDownload Transcript
Luncheon Buffet (12:30-1:30 p.m.)
Bringing Innovation into the U.S. Economic Accounts (1:30-2:30 p.m.) Integrating R&D and Innovation Measurement Download Innovation Paper Download R&D Paper Dennis FixlerBureau of Economic AnalysisDownload Presentation
Michael HarperBureau of Labor StatisticsDownload Presentation
Discussant: E.J. ReedyThe Kauffman FoundationDownload Presentation
Break (2:30-2:45 p.m.)
Integrating Statistics: Developing a Unified Picture of the Sources of Growth and Disruptions (2:45-3:45 p.m.) Integrating Macro and Industry Data Brent MoultonBureau of Economic AnalysisDownload PresentationDownload PaperBrian MoyerBureau of Economic Analysis
Michael HarperBureau of Labor Statistics
Discussant: Martin BailyThe Brookings Institution
Conference Wrap-Up (3:45-4:00 p.m.) Dale JorgensonHarvard UniversityDownload Transcript
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Enterprise & Free Markets Initiative of the Leadership for America Campaign
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