Advisory Committee
About the BEA Advisory Committee
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 members of BEA's Advisory Committee are:
- Chair: Ernst R. Berndt, Massachusetts Institute of Technology
- Alan J. Auerbach, University of California, Berkeley
- Barry P. Bosworth, The Brookings Institution
- Susan M. Collins, University of Michigan
- Karen Dynan, Brookings Institution
- Jeffrey A. Frankel, Harvard University
- Robert J. Gordon, Northwestern University
- Maurine A. Haver, Haver Analytics, Inc.
- Charles R. Hulten, University of Maryland
- Dale W. Jorgenson, Harvard University
- Ellen R. McGrattan, Federal Reserve Bank of Minneapolis
- Therese J. McGuire, Northwestern University
- William D. Nordhaus, Yale University
- Joel L. Prakken, Macroeconomic Advisors
- Andrew D. Reamer, George Washington University
View the BEA Advisory Committee Member Photos
The BEA Advisory Committee meets twice yearly. The meeting schedule through Fall of 2012 is as follows:
- November 4, 2011
- May 11, 2012
- November 16, 2012
BEA Advisory Committee Meetings
May 11, 2012
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)
November 4, 2011
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)
May 6, 2011
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)
November 5, 2010
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)
May 7, 2010
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)
November 6, 2009
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)
May 1, 2009
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)
November 7, 2008
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)
May 2, 2008
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)
About the Federal Economic Statistics Advisory Committee (FESAC)
- Census website: Federal Economic Statistics Advisory Committee (FESAC)
