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The ‘New Economy’: What Has Changed and the Challenges
for Economic Policy
Date: Friday, November 17, 2000
Site: Marriott at Metro Center, 775 12th Street, NW · Washington,
DC
Opening Remarks - Harvey Bronstein, SGE President
Keynote Speaker - Kathryn Shaw, President's Council
of Economic Advisors
Luncheon Speaker - Jack Triplett, Brookings Institution
Wrap-up Speaker -
The theme of the conference focused on the reactions, responses
and revisions inherent in the "new economy".
Is technological change ushering in a sustained increase
in worker productivity and restructuring business enterprises
and industrial structures? How
have the new technologies affected the efficiency of market? What are the new forms of compensation
and are they being defined and measured accurately?
What are the social and economic implications of the new
technologies? What challenges
face policymakers in understanding the "new economy" and managing
it? What are the implications of
global market inter-dependencies for the making of economic policy? Does the new economy also present new
challenges for the regulatory environment?
Public and private economists, statisticians,
researchers and representatives from the political arena are
invited to present their research and discuss their findings.
Conference Program
8:00 – 8:45 Registration and Continental Breakfast
8:45 – 9:00 Opening Remarks – Harvey
Bronstein, SGE President and Nabeel Alsalam, Conference Chair
9:00 – 9:45 Keynote Address – Kathryn Shaw, Council of Economic Advisers
10:00 - 11:30 Concurrent Sessions I
Session A The New Macro Environment (Boardroom)
Chair: Christopher Williams, Congressional Budget Office
Papers: Bob Arnold and Bob Dennis, Congressional Budget Office,
"Recent Productivity Growth"
Robert Tetlow, Federal Reserve Board, "Monetary Policy
Implications"
Barry Bosworth, Brooking
Institution, "Fiscal Policy Implications"
Session B Rapidly Evolving Markets: Implications for Federal
Regulation (Montreal II)
Chair: Robert S. Seiler Jr., Office of Federal Housing
Enterprise Oversight
Papers: Coleman D. Bazelon and David H. Moore, Congressional
Budget Office, "Old Spectrum and the New Economy"
Erik R. Sirri, Babson College, "The Graying of Securities Laws"
William W. Lang, Office of the Comptroller of the Currency,
"Internet Banking: Industry Structure
and Regulatory Implications" (coauthors: John Carlson,
Karen Furst, and Daniel E. Nolle)
Session C Socioeconomic Linkages in the New Economy (Montreal I)
Chair: Eileen L. Collins, National Science Foundation
Papers: Ernest J. Wilson, III, University
of Maryland, "The Digital Divide"
Richard N. Spivack, Advanced Technology Program, National
Institute of Standards and Technology, "Delivery of
Healthcare Via the Internet"
Peter T. Knight, Telematics for Education and Development,
Michael G. Moore, Pennsylvania University,
and Sandi de Levante, Marymount University and Telematics for
Education and Development, "Distance Education"
Maria C. Papadakis, Virginia Polytechnic Institute and State
University, "Implications of the Internet for Building
Community On- and Off-line"
Moderator: Nancy Breen, National Cancer Institute
11:45 - 1:00 Luncheon with speaker – Jack Triplett, The
Brookings Institution
1:00 - 2:30 Concurrent Sessions II
Session A The Efficiency of Markets: Effects of the Information
Technologies and Policy Implications (Boardroom)
Chair: B.K. Atrostic, Center for Economic Studies,
U.S. Census Bureau
Papers: Eric Wolff, Carnegie-Mellon University, "Pricing on the Web: Evidence
from the Online Book Industry" (coauthors: Karen Clay and
Ramayya Krishnan)
James Solodar, Pembroke Consulting, Inc., "The Changing Supply Chain: Challenges
and Implications for Economic Data Collection" (coauthors:
Adam Fein and Gregg Ruppersberger)
George Baker, Harvard Business
School, and Thomas Hubbard, University
of Chicago, "Make Versus Buy in Trucking:
Asset Ownership, Job Design, and Information in Trucking"
Session B Changing Infrastructure Needs of the New Economy
(Montreal II)
Chair: Eileen L. Collins, National Science Foundation
Papers: Stephen A. Merrill, Board on Science, Technology,
and Economic Policy, The National Academies, "Intellectual
Property I – New Developments in Biotechnology"
Alan S. Inouye, Board on Computer Science and
Telecommunications, The National Academies, "Intellectual
Property II – New Developments in Information Technologies"
Teresa Schwartz, Federal Trade Commission, "Trust in
Cyberspace"
Mary J. Culnan, Bentley College, "Privacy in
Cyberspace"
Moderator: Amanda Roberts, Bureau of Economic Analysis
Session C Risk sharing Between Employers and Employees
(Montreal I)
Chair: Dan Mont, National Academy of Social Insurance, and
Tony Barkume, Bureau of Labor Statistics
Papers: Dallas L. Salisbury,
EBRI,
"Recent Developments in Pensions"
Anne Polivka, BLS, "Trends in Alternative Work Arrangements
and Contract Work" (coauthor: Susan Houseman)
Sandra Cannon and Bruce Fallick, Federal Reserve Board, Michael
Lettau, BLS, and Raven Saks, Federal Reserve Board, "Has Compensation Become More
Flexible?"
Discussants: Jay Stewart, Bureau of Labor Statistics
2:30 - 2:45 Coffee Break
2:45 - 4:15 Concurrent Sessions III
Session A Globalization, Trade, and Economic Development (Montreal II)
Chair: Harvey Bronstein,
Small Business Administration
Papers: Catherine Mann,
Institute for International Economics, "Trade,
Technology, and Productivity Growth"
Colin Bradford, American
University, "The Stake of Developing Countries in the New World
Economy"
Henk-Jan Brinkman, United Nations, "Globalization
and World Income Distribution"
Discussants: James Tsao, George Washington University
Session B New Technologies and Industry Productivity
(Boardroom)
Chair: B.K. Atrostic, Center for Economic Studies,
U.S. Census Bureau
Papers: Mark Kazarozian, Stonehill
College, and Atreya Chakraborty, Brandeis University, "Computers and Product Differentiation
in the Trucking Industry"
John Haltiwanger, University of Maryland, "Wage and
Productivity Dispersion in U.S. Manufacturing: The Role of
Computer Investment" (coauthors: Timothy Dunne and Lucia
Foster)
Session C Changes in the Supply and Demand for Human Capital
(Montreal I)
Chair: Nabeel Alsalam, Congressional Budget Office
Papers: Burt Barnow, Johns Hopkins University, "Building a Workforce for the
Information Economy."
Mark Regets, National Science Foundation, "The Internationalization of
the High Skill Workforce."
William Aspray, Computing Research Association, "Recruitment and Retention of
Computer Science Faculty and Graduate Students: Problems and
Possible Solutions"
Discussants: David Henry, US Dept of Commerce (Digital
Economy 2000) and Duncan Chaplin, Urban Institute
4:30 - 5:00 Closing Remarks– David H. Moore,
Congressional Budget Office
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