NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
Conference on Research in Income and Wealth
Architecture for the National Accounts Conference
Organizers:
Dale Jorgenson, Steve Landefeld, William Nordhaus
Federal Reserve Board
Washington, D.C.
April 16 –April 17, 2004
PRELIMINARY PROGRAM
8:45 – 9:30 a.m. / Registration & Welcoming Reception
9:30 – 9:45 / Opening Remarks By Organizers
9:45 – 10:00 / Welcoming Remarks: Alan Greenspan, Chairman of the Federal Reserve
Session I: / Overview of the Architecture of the Accounts
: / Chair: William Nordhaus, Yale University and NBER
10:00 – 10:45 / Blueprint for an Expanded and Integrated Set of Accounts for the United States
Steve Landefeld, Bureau of Economic Analysis
Dale Jorgenson, Harvard University
Discussant: Robert Gordon, Northwestern University
10:45 – 11:15 / Coffee Break
11:15 – 12:00 / The Architecture of the System of National Accounts: A Three-Way National Comparison of Canada, Australia, and the United Kingdom
Karen Wilson, Statistics Canada, (UK and Australian Experience)
Discussant: Francois Lequiller, OECD
12:00 – 1:00 p.m. / Buffet Luncheon
Session II: / Expanding the Boundary of the U.S. Economic Accounts
Chair: Rosemary Marcuss, Bureau of Economic Analysis
1:00 – 1:45 / A Framework for Non-Market Accounting
Katharine Abraham, University of Maryland and NBER
Christopher Mackie, National Academy of Sciences
Discussant: Anne Harrison, OECD
1:45 – 2:30 / Principles of National Accounting for Non-Market Accounts
William Nordhaus, Yale University and NBER
Discussant: Robert Mendelsohn, Yale University
2:30 – 3:00 / Coffee Break
3:00 – 3:45 / The “Architecture” of Capital Accounting: Basic Design Principles:
Charles Hulten, University of Maryland and NBER
Discussant: Robert Hall, Stanford University and NBER
Session III: / Integrating the Accounts
Chair: Charles Hulten, University of Maryland and NBER
3:45 – 4:30 / Integrating Industry and National Economic Accounts: First Steps and Future Improvements
Ann Lawson, Brian Moyer, Sumiye Okubo and Mark Planting, Bureau of Economic Analysis
Discussant: Jack Triplett, Brookings Institution
4:30 – 5:15 / Aggregation Issues in Integrating and Accelerating BEA’s Accounts: Improved Methods for Calculating GDP by Industry
Brian Moyer, Marshall Reinsdorf, Robert Yuskavage, Bureau of Economic Analysis
Discussant: Erwin Diewert, University of British Columbia
5:15 p.m. / Adjourn Conference Session
5:15-5:45 p.m. / CRIW General Membership Meeting
Saturday, April 17, 2004
8:30 – 9:00 a.m. / Coffee and Pastries
Session IV: / Integrating the Accounts (Continued)
9:00 – 9:45 / Integrating Expenditures and Gross Product Originating Estimates: What To Do with the Statistical Discrepancy?
Joseph Beaulieu, Federal Reserve Board and Eric Bartelsman, Free University
Discussant: Bart van Ark, University of Groningen
9:45 – 10:30 / An Integrated BEA/BLS Production Account: A First Step and Theoretical Considerations
Michael Harper and Susan Powers, Bureau of Labor Statistics
Barbara Fraumeni and Robert Yuskavage, Bureau of Economic Analysis
Discussant: Carol Corrado, Federal Reserve Board
10:30 – 11:00 / Coffee Break
11:00 – 11:45 / The Integration of the Canadian Productivity Accounts Within the System of National Accounts
Tarek Harchaoui and John Baldwin, Statistics Canada
Discussant: Barry Bosworth, Brookings Institution
11:45 – 12:30 pm / Integrated Macroeconomic Accounts for the United States: Draft SNA-USA
Albert M. Teplin, CSE Analysis
Rochelle Antoniewicz, Susan Hume McIntosh and Michael Palumbo, Federal Reserve Board
Charles Ian Mead and Brent Moulton, Bureau of Economic Analysis
Discussant: Edward Prescott, Arizona State University and the Federal Reserve Board
12:30 – 1:30 / Buffet Luncheon
Session V: / Expanded Micro-Macro Accounts
Chair: Steve Landefeld, Bureau of Economic Analysis
1:30 – 2:15 / Micro and Macro Data Integration: The Case of Capital
Randy Becker, Bureau of the Census
John Haltiwanger, University of Maryland and NBER
Daniel Wilson, Federal Reserve Bank of San Francisco
Ron Jarmin and Shawn Klimek, Bureau of the Census
Discussant: Robert Parker, U.S. General Accounting Office
Session VI: / Wrap Up Panel
Chair: Dale Jorgenson, Harvard University
2:15 – 3:00 / Katherine Abraham, University of Maryland
Steve Landefeld, Bureau of Economic Analysis
Larry Slifman, Federal Reserve Board
Kathleen Utgoff, Bureau of Labor Statistics
3:00 p.m. / Adjourn