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National Association for Business Economics

(Redirected from Adam Smith Award)

The National Association for Business Economics (NABE) is the largest international association of applied economists, strategists, academics, and policy-makers committed to the application of economics.[1] Founded in 1959, it is one of the member organizations of the Allied Social Science Associations. According to the association's website, "NABE's mission is to provide leadership in the use and understanding of economics.".[2]

National Association for Business Economics
Formation1959
PurposeBusiness economics
HeadquartersWashington, D.C.
Region served
United States
Membership
3,000[1]
Executive Director
Tom Beers
Websitehttp://www.nabe.com

NABE was holding its annual conference at the Marriott World Trade Center hotel during the 9/11 attacks.[3][4]

The association's membership is divided into subject-oriented subdivisions or round tables, including: financial, health economics, international, manufacturing, real estate/construction, regional/utility, small business/entrepreneurship, technology, and transfer pricing. Each round table plans and executes webinars and sessions at NABE meetings each year.[5] NABE also has local and student chapters[6] in many cities and much of the United States.[7]

Leadership

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Presidents

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Past presidents of the NABE include former Chairman of the Federal Reserve Alan Greenspan and Federal Reserve, Council of Economic Advisers and Congressional Budget Office advisor Diane C. Swonk.[8][9] Since 2009, NABE's executive director has been Tom Beers, former chief economist of the Manufactured Housing Institute and economist with the National Association of Realtors and the Bureau of Labor Statistics.

Past presidents include:[10]

Name Term Position
George W. McKinney Jr. 1965 – 1966 Senior vice president, Irving Trust Company
William Chartener 1967 – 1968 Chief economist, Goldman, Sachs & Co.
Alan Greenspan 1969 – 1970 Co-founder, Townsend, Greenspan & Co.
Diane C. Swonk 1999 – 2000 Chief economist, KPMG
Ellen Hughes-Cromwick 2007 – 2008 Chief economist, Ford Motor Company
Chris Varvares 2008 – 2009 President, Macroeconomic Advisers
Lynn Reaser 2009 – 2010 Chief economist, Point Loma Nazarene University
Richard L. Wobbekind 2010 – 2011 Director of business research division and associate dean for MBA and Enterprise Programs at the University of Colorado at Boulder
Gene Huang 2011 – 2012 Vice president & chief economist, FedEx
Ken Simonson 2012 – 2013 Chief economist, Associated General Contractors of America
Jack Kleinhenx 2013 – 2014 Chief economist, National Retail Federation
John Silvia 2014 – 2015 Managing director and chief economist, Wells Fargo
Lisa Emsbo-Mattingly 2015 – 2016 Research director, asset allocation, Fidelity Investments
Stuart P. M. Mackintosh 2016 – 2017 Executive director, Group of Thirty
Mine Yucel 2017 – 2018 Senior vice president and research director, Federal Reserve Bank of Dallas
Kevin Swift 2018 – 2019 Chief economist, American Chemistry Council
Constance Hunter 2019 – 2020 Chief economist, AIG[11] and, formerly, KPMG
Manuel Balmaseda 2020 – 2021 Chief economist, CEMEX;[10] adjunct professor, IE University[12]
David E. Altig 2021 – Executive vice president and director of research, Federal Reserve Bank of Atlanta[12]

Activities

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  • NABE Annual Meeting: The NABE Annual Meeting features speakers, panel discussions, educational sessions, and networking opportunities. In addition to NABE Members and those in related fields, attendees include business leaders, government officials, analysts, investors, and members of the business media.
  • Economic Policy Conference: Held annually in the spring in Washington, DC, focuses "on the one seemingly-unpredictable variable that regularly confounds many economists and their models: economic policy". Speakers at the Economic Policy Conference typically include leaders from the Federal Reserve Board, Treasury Department, Congressional Budget Office, Federal Deposit Insurance Corporation, and other government agencies, in addition to analysts at think tanks and other institutions.
  • Webinars/Teleconferences: Each of the ten NABE Roundtables conducts regular webinars and teleconferences on topics within its area of interest. These sessions are available to both members and non-members.
  • Publications: NABE offers a variety of publications. Business Economics, its journal - as below - is best known of these.
  • NABE Surveys: NABE regularly conducts three surveys of its membership: the Outlook Survey, the Industry Survey, and the Economic Policy Survey. The NABE Outlook Survey, the most well-known of the NABE surveys, provides the consensus forecast of NABE’s professional economic forecasters.

Education and career development

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  • Certified Business Economist: NABE offers continuing education through its Certified Business Economist program which features a comprehensive exam developed and administered by the association. Candidates must have at least a four-year degree, and two years of work experience in applied business economics or in a related field.
  • Econometrics Certificate Programs: Offered twice yearly at Federal Reserve Banks, NABE's Econometrics Seminars are among its offerings. Each Summer, NABE offers the Certificate in Applied Econometrics, and each Fall, the Certificate in Time-Series Analysis and Forecasting.
  • NABE career site: caters to those seeking a job or an employee in the field of economics.
  • No accreditation appears to exists for their educational products or services.

Journal publication

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NABE is the publisher of Business Economics, a scholarly journal that covers different aspects of applied economics and is published quarterly.[13] The journal serves as an essential resource and provides practical information for people who apply economics in the workplace. It is the leading forum for debating solutions to critical business problems, analyzing key business and economic issues, and sharing of best-practice models, tools, and hands-on techniques from practitioners in the field of economics.

Adam Smith Award

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Since 1982, NABE has awarded the Adam Smith Award[14] to prominent economists and policy makers who have contributed to business economics. Recipients of the award include former Federal Reserve chairman Ben Bernanke, in 2014; CEO and president of TIAA-CREF Roger Ferguson, in 2013; vice chair of the Board of Governors of the Federal Reserve System Janet Yellen, in 2010;[15] former director of the National Economic Council Lawrence Summers in 2009, chief executive of the Federal Reserve Bank of St. Louis William Poole, in 2006; Princeton University economics professor Paul Krugman, in 1995; and Chicago School economist and recipient of the Nobel Prize in Economics Milton Friedman in 1989.[16]

Paul A. Volcker Lifetime Achievement Award for Economic Policy

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Each March, NABE presents the Paul A. Volcker Award[17] to a senior policymaker recognizing outstanding contributions to the field of economic and monetary policy in his or her career. Past recipients include:

Year NABE
2013 Paul A. Volcker
2014 Jean-Claude Trichet
2015 Alice Rivlin
2016 Stanley Fischer
2017 Joseph Stiglitz
2018 Mervyn King
2019 Alan Greenspan
2020 Roger Ferguson

See also

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References

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  1. ^ a b "About The National Association for Business Economics". Palgrave Macmillan Journals. Retrieved August 16, 2010.
  2. ^ "About NABE". National Association for Business Economics Website. Archived from the original on 2009-08-28.
  3. ^ "Brush with disaster close for Chicagoans" Susan Chandler, Chicago Tribune, September 12, 2001. Retrieved October 15, 2022.
  4. ^ Swonk, Diane (2003-01-23). The Passionate Economist: Finding the Power and Humanity Behind the Numbers. Wiley. ISBN 9780471269960. Retrieved October 15, 2022.
  5. ^ "NABE Roundtables". Archived from the original on 2010-08-30.
  6. ^ "NABE Student Chapters". Archived from the original on 2010-11-26.
  7. ^ "NABE State Chapters". Archived from the original on 2010-12-10.
  8. ^ "Diane C. Swonk". lsa.umich.edu. University of Michigan LSA Department of Economics. Retrieved 2022-10-15.
  9. ^ "Grant Thornton names Diane Swonk as chief economist". www.businesswire.com. 2018-01-08. Retrieved 2019-02-02.
  10. ^ a b "Past Presidents of NABE" National Association for Business Economics. Retrieved October 15, 2022.
  11. ^ "AIG hires respected economist as global head of strategy and ESG" Roxanne Libatique, Insurance Business magazine, 15 Dec 2021. Retrieved October 15, 2022.
  12. ^ a b "NABE Board of Directors 2021-22" National Association for Business Economics. Retrieved October 15, 2022.
  13. ^ "Most Recent Articles from Business Economics". CBS Money Watch. Retrieved August 16, 2010.
  14. ^ "Adam Smith Award". Archived from the original on 2013-05-21. Retrieved 2009-02-09.
  15. ^ Beckner, Steven Yellen Pleased w/Resolution Regime;Must Monitor Regultn Impact Archived 2011-07-13 at archive.today Market News International, October 11, 2010 (accessed October 11, 2010)
  16. ^ "Adam Smith Award Addresses". National Association for Business Economics Website. Archived from the original on 2011-09-27.
  17. ^ "Paul A. Volcker Award". Archived from the original on 2016-11-05. Retrieved 2016-10-05.
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