NATIONAL BUREAU OF ECONOMIC RESEARCH

AND THE CONFERENCE ON RESEARCH IN INCOME AND WEALTH

SUMMER INSTITUTE 2001

Output and Price Measurement

Ernst R. Berndt, Charles Hulten and David Wilcox, Co-Organizers

National Bureau of Economic Research

1050 Massachusetts Avenue

Cambridge, Massachusetts 02138

July 30 - 31, 2001

PRELIMINARY PROGRAM

Monday, 30 July 2001:

8:30 AM Continental Breakfast

9:00 AM EDUARDO LEY, International Monetary Fund

Whose Inflation? A Characterization of the CPI Plutocratic Bias

Discussant: DAVID JOHNSON, Bureau of Labor Statistics

10:00 AM JACK TRIPLETT, Brookings Institution

DIETMAR MOCH, Centre for European Economic Research

International Comparisons of Hedonic Price Indexes for Computers:

A Preliminary Examination

Discussant: DAN SICHEL, Federal Reserve Board

11:00 AM Break

11:15 AM W. ERWIN DIEWERT, University of British Columbia and NBER

Hedonic Regressions: A Consumer Theory Approach

Discussant: STEVE BERRY, Yale University

12:15PM Lunch

1:30 PM MARK DOMS, Federal Reserve Board

CHRISTOPHER FORMAN, Northwestern University

Prices for Local Area Network Equipment

Discussant: MELVYN FUSS, University of Toronto

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Page Two

2:30 PM Break

2:45 PM LARRY ROSENBLUM and RANDAL KINOSHITA, Bureau of Labor Statistics

BRIAN SLIKER, Bureau of Economic Analysis

Hedonic Estimation of Depreciation for Single Family Homes

Discussant: FRANK WYKOFF, Pomona College

3:45 PM Break

4:00 PM DANIEL LEVY, Bar-Ilan University

GEORG MULLER, Litholink Corp.

SHANTANU DUTTA, University of Southern California

MARK BERGEN, University of Minnesota

Price Rigidity During Holiday Periods

Discussant: WALTER OI, University of Rochester

5:00 PM Adjourn

Tuesday, July 31, 2001:

8:30 AM Continental Breakfast

9:00 AM CHARLES HULTEN, University of Maryland and NBER

Measuring Intangible Capital

Discussant: M. ISHAQ NADIRI, New York University and NBER

10:00 AM J. CHRISTINA WANG, University of Michigan

Bank Production, Risk, and Output Measurement:

Implementation and Estimation

Discussant: DENNIS FIXLER, Bureau of Labor Statistics

11:00 AM Break

11:15 AM CHRISTIAN EHEMAN, Bureau of Economic Analysis

An Approach to Measuring Real Change in Inventories

Discussant: W. ERWIN DIEWERT, University of British Columbia and NBER

12:15 PM Lunch

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Page Three

1:30 PM RALPH BRADLEY, Bureau of Labor Statistics

Price Index Estimation Using Price Imputation for Unsold Items

Discussant: MARSHALL REINSDORF, Bureau of Economic Analysis

2:30 PM Break

2:45 PM WILLIAM GULLICKSON and MICHAEL HARPER, Bureau of Labor Statistics

Bias in Aggregate Productivity Trends Revisited

Discussant: CHARLES FLEISCHMAN, Federal Reserve Board

3:45 PM Break

4:00 PM DANIEL WILSON, University of Maryland

Is Embodied Technology the Result of UpstreAM R&D?

Discussant: DAVID POPP, Syracuse University and NBER

5:00 PM Adjourn

07/11/01