NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SUMMER INSTITUTE 2000

Price, Out put and Productivity Measurement

Ernst Berndt and Charles Hulten, Organizers

NBER

1050 Massachusetts Avenue

Cambridge, Massachusetts

July 31 - August 1, 2000

PRELIMINARY PROGRAM

MONDAY, JULY 31:

Session Title: Price, Output, and Productivity Measurement I

9:00 AM Coffee and Doughnuts

9:30 AM MARY KOKOSKI, Bureau of Labor Statistics

KEITH WAEHRER, Department of Justice

Hedonic Methods of Quality Adjustment in the CPI:

The Consumer Audio Products Component

Discussant: DAN SICHEL, Federal Reserve Board

10:30 AM Break

10:45 AM ERNST BERNDT, MIT and NBER

ELLEN DULBERGER, IBM Corporation

NEAL RAPPAPORT, Air Force Academy and NBER

Personal Computer Prices for Laptops and Desktops:

A Quarter Century of History

Discussant: BRENT MOULTON, Bureau of Economic Analysis

11:45 AM Lunch

1:00 PM ANA AIZCORBE and CAROL CORRADO, Federal Reserve Board

MARK DOMS, US Bureau of Census

Constructing Price and Quantity Indexes for High

Technology Goods

DISCUSSANT: JOHN GREENLEES, Bureau of Labor Statistics

SI00 PRPM Program

Page 2

2:00 PM CHARLES R. HULTEN, University of Maryland and NBER

Measuring Innovation in the New Economy

Discussant: MATTHEW SHAPIRO, University of Michigan and NBER

3:00 PM Break

3:15 PM JACK E. TRIPLETT, Brookings Institution

Household Consumption of Banking

Services in the System of National Accounts: A Hedonic Model

Discussant: DENNIS FIXLER, Bureau of Labor Statistics

4:15 PM Adjourn

6:30 PM Reception and Dinner

Siam Garden

47 Mt. Auburn St.

Cambridge, MA

TUESDAY, AUGUST 1:

8:30 AM Coffee and Doughnuts

Session Title: Price, Output, and Productivity Measurement II

9:00 AM ALAN WHITE, Analysis Group/Economics

The Measurement of Stock Market Prices

Discussant: BOYAN JOVANOVIC, New York University and NBER

10:00 AM Break

10:15 AM ROBERT GORDON, Northwestern University and NBER

Conflicting Indexes: Hedonic vs. Matched Model

Price Indexes for Apparel, 1914-1993

Discussant: CHARLES HULTEN, University of Maryland and NBER

11:15 AM BRIAN SLIKER, Bureau of Labor Statistics

General Functional Forms for Age-Efficiency Functions

Discussant: FRANK C. WYKOFF, Pomona College

SI00 PRPM Program

Page 3

12:15 PM Lunch

12:45 PM Luncheon Address: MARTIN BAILEY,

Chairman, President's Council of Economic Advisors

Do We Have a New Economy?

1:30 PM ROBERT SUMMERS, University of Pennsylvania and NBER

ALAN HESTON, University of Pennsylvania

Improving Capital Stock Estimates for Sixty Countries

Discussant: EDWIN DEAN, George Washington University

2:30 PM Break

2:45 PM THIJS TEN RAA, Tilburg University

EDWARD N. WOLFF, New York University and NBER

Outsourcing of Services and the Productivity Recovery in US

Manufacturing in the 1980s and 1990s

Discussant: JOHN HALTIWANGER, University of Maryland and NBER

3:45 PM Break

4:00 PM W. ERWIN DIEWERT, University of British Columbia and NBER

Production of an Annual Superlative Index Using Monthly Price Data

Discussant: MARSHALL REINSDORF, Bureau of Economic Analysis

5:00 PM Adjourn

07/24/00