NATIONAL BUREAU OF ECONOMIC RESEARCH, INC

 

Conference on Research on Income and Wealth

 

Summer Institute 2006

 

Ernst R. Berndt, Carol A. Corrado, and Charles R. Hulten, Co-organizers

 

July 17-19, 2006

 

Royal Sonesta Hotel

Room- University BC

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

 

PROGRAM

 

MONDAY, JULY 17:

 

 

  8:15 am

Coffee and Pastries

 

 

  8:45 am

MARTIN FELDSTEIN, Harvard University and NBER

 

Opening Remarks

 

 

  9:00 am

BARRY BOSWORTH, Brookings Institution

 

JACK TRIPLETT, Brookings Institution

 

Is the 21st Century Productivity Expansion Still in Services? And What Should be Done About It?

 

 

 

Discussant: CHARLES HULTEN, University of Maryland and NBER

 

 

10:00 am

Break

 

 

10:15 am

MICHAEL HORRIGAN, DEANNA BATHGATE and ROSLYN SWICK,

 

Bureau of Labor Statistics

 

Services Producer Price Indices: Past, Present, and Future

 

 

 

Discussant: CAROL CORRADO, Federal Reserve Board

 

 

11:15 am

Break

 

 

11:30 am

ANA AIZCORBE, Bureau of Economic Analysis

 

NICOLE NESTORIAK, Bureau of Economic Analysis

 

Measuring the Real Output of Medical Care Services

 

 

 

Discussant: DAVID CUTLER, Harvard University and NBER

 

 

12:30 pm

Lunch- Room- University A

 

 

 1:30 pm

SCOTT GOLDFARB and ROGER HELLER, Q/P Management Group

 

ALAN WHITE and JAISON ABEL, Analysis Group

 

Price Indexes for Custom and Own-Account Software and appendices

 

 

 

Discussant: IAIN COCKBURN, Boston University and NBER

 

 

  2:30 pm

ROBERT YUSKAVAGE, Bureau of Economic Analysis

 

Distributive Services in the U.S. Economic Accounts

 

 

 

Discussant: BART VAN ARK, University of Groningen

 

 

 3:30 pm

Break

 

 

 3:45 pm

Keynote:

 

RANDALL KROSZNER, Federal Reserve Board

 

Innovative Statistics for a Dynamic Economy

 

 

 3:55 pm

Roundtable:

 

MARTIN FELDSTEIN, Harvard University and NBER, Chair

 

ERNST BERNDT, MIT and NBER

 

STEPHEN CECCHETTI, Brandeis University and NBER

 

JOHN GREENLEES, Bureau of Labor Statistics

 

PAUL SCHREYER, OECD

 

 

 5:00 pm

Adjourn

 

 

Background Agency Papers:

 

BLS-PPI

Census

 

 

 

 

 

 

 

TUESDAY, JULY 18

 

 

 8:30 am

Coffee and Pastries

 

 

 9:00 am  

DENNIS FIXLER, Bureau of Economic Analysis

 

MARSHALL REINSDORF, Bureau of Economic Analysis

 

Computing Real Bank Services

 

 

 9:45 am

SUSANTO BASU, Boston College

 

ROBERT INKLAAR, University of Groningen and the Conference Board

 

CHRISTINA WANG, Federal Reserve Bank of Boston

 

The Value of Risk: Measuring the Services of U.S. Commercial Banks

 

 

 

SUSANTO BASU, Boston College

 

CHRISTINA WANG, Federal Reserve Bank of Boston

 

Technological Progress, "Money" in the Utility Function, and the “User Cost of Money”

 

 

10:30 am 

Break

 

 

 10.45 am

Discussant Panel:

 

FRANK WYKOFF, Pomona College

 

KEVIN STIROH, Federal Reserve Bank of New York

 

BARRY BOSWORTH, Brookings Institution

 

 

 12:00 pm

Lunch- Room- University A

 

 

  1:00 pm

DAVID PATON, Nottingham University

 

DONALD SIEGEL, UC, Riverside

 

LEIGHTON WILLIAMS, Nottingham Trent University

 

Productivity Measurement in Gambling: Plant-Level Evidence from the United Kingdom

 

 

 

Discussant: AMIL PETRIN, University of Chicago and NBER

 

 

2:00 pm

THEODORE CRONE, Federal Reserve Bank of Philadelphia

 

LEONARD NAKAMURA, Federal Reserve Bank of Philadelphia

 

RICHARD VOITH, Econsult Corporation 

 

Rents Have Been Rising, Not Falling, in the Postwar Period

 

 

 

Discussant: ROBERT GORDON, Northwestern University

 

 

3:00 pm

Break

 

 

3:15 pm

W. ERWIN DIEWERT, University of British Columbia and NBER

 

On Measuring Inventory Change in Current and Constant Dollars

 

 

 

Discussant: MARSHALL REINSDORF, Bureau of Economic Analysis

 

 

4:15 pm

Adjourn

 

 

WEDNESDAY, JULY 19

 

 

 8:15 am

Coffee and Pastries

 

 

 8:45 am

ROBERT INKLAAR, MARCEL TIMMER and BART VAN ARK,

 

University of Groningen

 

Mind the Gap!  International Comparisons of Productivity in Services and Goods Production

 

 

 

Discussant: PAUL SCHREYER, OECD

 

 

   9:45 am 

Break

 

 

 10:00 am

CAROL CORRADO, Federal Reserve Board

 

PAUL LENGERMANN, Federal Reserve Board

 

ERIC BARTELSMAN, Free University of Amsterdam

 

J. JOSEPH BEAULIEU, Brevan Howard, Inc.

 

Modeling Aggregate Productivity at a Disaggregate Level: New Results for U.S. Sectors and Industries

 

 

 

Discussant: MARTIN BAILY, Institute for International Economics

 

 

11:00 am 

Break

 

 

11:15 am  

CHARLES HULTEN, University of Maryland and NBER

 

ANDERS ISAKSSON, UNIDO

 

Why Development Levels Differ: The Sources of Differential Economic Growth in a Panel of High and Low Income Countries

 

 

 

Discussant: SUSAN COLLINS, Georgetown University

 

 

12:15 pm

Lunch- Room- University A

 

 

 1:15 pm

BAOLINE CHEN, Bureau of Economic Analysis

 

A Balanced System of Industy Accounts for the U.S. and Structural Distribution of Statistical Discrepancy

 

 

 

Discussant: TAREK HARCHAOUI, Statistics Canada

 

 

 2:15 pm

Break

 

 

 2:30 pm

CINDY ZOGHI, Bureau of Labor Statistics

 

Changes to the BLS Labor Composition Index

 

 

 

Discussant:  JUDITH HELLERSTEIN, University of Maryland

 

 

 3:30 pm

Break

 

 

3:45 pm

ANA AIZCORBE, Bureau of Economic Analysis

 

STEVE OLINER, Federal Reserve Board

 

DAN SICHEL, Federal Reserve Board

 

Shifting Trends in Semiconductor Prices and the Pace of Technological Progress

 

 

 

Discussant: JOHN FERNALD, Federal Reserve Bank of San Francisco

 

 

4:45 pm

Adjourn

 

 

 

 

6/30/06