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

Friday, April 16, 2004
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 International 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   (link to Prof. Diewert's Comments)
5:15 p.m.	Adjourn Conference Session
5:15-5:45 p.m.	CRIW General Membership Meeting
5:30 p.m.	Reception for all participants on the Terrace
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, Genevieve Solomon, Federal Reserve Board
	Charles Ian Mead, Karin Moses, and Brent Moulton, Bureau of Economic Analysis
	Discussant: Edward Prescott, Arizona State University and the Federal Reserve Bank of Minneapolis
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
	Thomas Mesenbourg, Census Bureau
	Steve Landefeld, Bureau of Economic Analysis
	Larry Slifman, Federal Reserve Board
	Kathleen Utgoff, Bureau of Labor Statistics
3:00 p.m.	Adjourn