Conference on Research in Income and WealthNATIONAL BUREAU OF ECONOMIC RESEARCH Conference on Research in Income and Wealth
Measuring Capital in the New Economy April 26 - April 27, 2002 Carol Corrado, John Haltiwanger and Dan Sichel, Organizers Martin Building, Dining Rooms D, E, and F Federal Reserve Board Washington, DC PROGRAM Friday, April 26, 2002 7:30 AM Registration Opens 8:00 AM Continental Breakfast 8:50 AM Participants Assemble in Seats and Conference Convenes Introduction of Chairman Greenspan, MARTIN FELDSTEIN, Harvard University and NBER Welcoming Remarks ALAN GREENSPAN, Federal Reserve Board 9:15 AM Session 1. Overview of Issues CHAIR: MARTIN FELDSTEIN, Harvard University and NBER ROBERT HALL, Stanford University and NBER, Remarks CAROL CORRADO and DAN SICHEL, Federal Reserve Board CHARLES HULTEN, University of Maryland and NBER Measuring Capital and Technology: An Expanded Framework
DISCUSSANT: EDWARD C. PRESCOTT, University of Minnesota and Federal Reserve Bank of Minneapolis 10:30 PM Break
11:00 PM Session 2. New Results on the New Economy CHAIR: DENNIS FIXLER, Bureau of Economic Analysis MARK DOMS, Federal Reserve Board Communications Equipment: What Has Happened to Prices? DISCUSSANT: MATTHEW SHAPIRO, University of Michigan and NBER SANDRA BLACK, University of California, Los Angelos LISA LYNCH, Tufts University and NBER Measuring Organizational Capital in the New Economy DISCUSSANT: KATHRYN SHAW, Carnegie-Mellon University
12:30 PM Buffet Lunch 1:45 PM Session 3. The Role of R&D CHAIR: JOHN HALTIWANGER, University of Maryland FRANK LICHTENBERG, Columbia University Pharmaceutical Knowledge-Capital Accumulation and Longevity DISCUSSANT: ERIC BARTELSMAN, Free University of Amsterdam and Statistics Netherlands
BARBARA FRAUMENI and SUMIYE OKUBO, Bureau of Economic Analysis R&D in the National Income and Product Accounts: A First Look at its impact on GDP DISCUSSANT: BRONWYN HALL, University of California, Berkeley 3:15 PM Break 3:45 PM Roundtable Discussion: Private-Sector Approaches to Accounting for Intangible Assets MODERATOR: MARTIN BAILY, Institute for International Economics BARUCH LEV, New York University JANAMITRA DEVAN, McKinsey & Company ED BERSOFF, Re-route Corporation 4:45 PM - 5:30 PM Meeting, CRIW Members (Dining Room L) 5:30 PM - 7:00 PM Reception, all Conference Attendees (Board Terrace and Adjoining Area)
Saturday, April 27, 2002 8:30AM Continental Breakfast 9:00 AM Session 4. The Role of Human Capital CHAIR: DAVID WILCOX, Federal Reserve Board
DALE JORGENSON, Harvard University MUN HO, Resources for the Future KEVIN STIROH, Federal Reserve Bank of New York Information Technology, Education, and the Sources of Economic Growth across U.S. Industries DISCUSSANT: MICHAEL HARPER, Bureau of Labor Statistics JOHN ABOWD, Cornell University and NBER JOHN HALTIWANGER, University of Maryland JULIA LANE, Urban Institute PAUL LENGERMANN, University of Maryland RON JARMIN, KRISTIN MCCUE, KEVIN MCKINNEY and KRISTEN SANDUSKY, US Census Bureau The Relationship Between Human Capital, Productivity and Market Value: Building Up from Micro Evidence DISCUSSANT: KATHARINE ABRAHAM, University of Maryland 10:30 AM Break 11:00 AM Session 5. Approaches to Assessing the Value of Intangibles at the Firm Level CHAIR: DAN SICHEL, Federal Reserve Board BARUCH LEV, New York University SURESH RADHAKRISHNAN, University of Texas-Dallas DISCUSSANT: TIM BRESNAHAN, Stanford University and NBER JASON CUMMINS, Federal Reserve Board The Value of Intangible Capital: Estimates from Firm-level Panel Data DISCUSSANT: M. ISHAQ NADIRI, New York University 12:30 PM Buffet Lunch 1:30 PM Session 6. Risk, Capital and the National Accounts CHAIR: CAROL CORRADO, Federal Reserve Board LARS PETER HANSEN and JOHN HEATON University of Chicago and NBER NAN LI, University of Chicago . DISCUSSANT: SUSANTO BASU, University of Michigan and NBER ERWIN DIEWERT, University of British Columbia DISCUSSANT: FRANK WYKOFF, Pomona College 3:00 PM Break 3:15 PM Session 6, continued. BRUCE GRIMM, BRENT MOULTON and DAVE WASSHAUSEN, Bureau of Economic Analysis Information processing Equipment and Software in the National Accounts DISCUSSANT: BARRY BOSWORTH, The Brookings Institution
4:00 PM Roundtable Discussion: Next Steps
MODERATOR: BRIAN KAHIN, University of Maryland
FREDERICK KNICKERBOCKER, Census Bureau RANDALL KROSZNER, Council of Economic Advisers J. STEVEN LANDEFELD, Bureau of Economic Analysis MARILYN MANSER, Bureau of Labor Statistics LARRY SLIFMAN, Federal Reserve Board 5:00 PM Adjourn
4/19/02 |
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