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. 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.". NABE was holding its annual conference at the Marriott World Trade Center hotel during the 9/11 attacks. The association's membership is divided into subject-oriented subdivisions or round tables, including: financial,

health economics Health economics is a branch of economics concerned with issues related to Health care efficiency, efficiency, effectiveness, value and behavior in the production and consumption of health and healthcare. Health economics is important in dete ...

, 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. NABE also has local and student chapters in many cities and much of the United States.

Leadership

Presidents

Past presidents of the NABE include former

Chairman of the Federal Reserve The chair of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, and is the active executive officer of the Board of Governors of the Federal Reserve System. The chairman presides at meetings of the Board. ...

Alan Greenspan and

Federal Reserve The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of ...

Council of Economic Advisers The Council of Economic Advisers (CEA) is a United States agency within the Executive Office of the President established in 1946, which advises the president of the United States on economic policy. The CEA provides much of the empirical resea ...

and

Congressional Budget Office The Congressional Budget Office (CBO) is a List of United States federal agencies, federal agency within the United States Congress, legislative branch of the United States government that provides budget and economic information to Congress. I ...

advisor Diane C. Swonk. 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 The National Association of Realtors (NAR) is an American trade association for those who work in the real estate industry. it had over 1.5 million members, making it the largest trade association in the United States including NAR's institute ...

and the

Bureau of Labor Statistics The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor. It is the principal fact-finding agency for the government of the United States, U.S. government in the broad field of labor economics, labor economics and ...

. Past presidents include:"Past Presidents of NABE"
National Association for Business Economics. Retrieved November 6, 2024.

Activities

*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 Washington, D.C., formally the District of Columbia and commonly known as Washington or D.C., is the capital city and Federal district of the United States, federal district of the United States. The city is on the Potomac River, across from ...

, 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,

Federal Deposit Insurance Corporation The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was cr ...

, and other government agencies, in addition to analysts at

think tank A think tank, or public policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governme ...

s and other institutions. *Webinars/Teleconferences: Each of the ten NABE Roundtables conducts regular

webinar Web conferencing is used as an umbrella term for various types of online conference, conferencing and collaborative services including webinars (web seminars), webcasts, and web meetings. Sometimes it may be used also in the more narrow sense of ...

s and

teleconference A teleconference or telecon is a live exchange of information among several people remote from one another but linked by a communications system. Terms such as audio conferencing, telephone conferencing, and phone conferencing are also someti ...

s 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 forecast Economic forecasting is the process of making predictions about the economy. Forecasts can be carried out at a high level of aggregation—for example for GDP, inflation, unemployment or the fiscal deficit—or at a more disaggregated level, fo ...

ers.

Education and career development

*Certified Business Economist: NABE offers

continuing education Continuing education is the education undertaken after initial education for either personal or professional reasons. The term is used mainly in the United States and Canada. Recognized forms of post-secondary learning activities within the d ...

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 Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. M. Hashem Pesaran (1987). "Econometrics", '' The New Palgrave: A Dictionary of Economics'', v. 2, p. 8 p. 8 ...

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

NABE is the publisher of ''Business Economics'', a

scholarly journal An academic journal (or scholarly journal or scientific journal) is a periodical publication in which scholarship relating to a particular academic discipline is published. They serve as permanent and transparent forums for the dissemination, scr ...

that covers different aspects of

applied economics Applied economics is the application of economic theory and econometrics in specific settings. As one of the two sets of fields of economics (the other set being the ''core''), it is typically characterized by the application of the ''core'', i.e ...

and is published quarterly. 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

Since 1982, NABE has awarded the

Adam Smith Adam Smith (baptised 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the field of political economy and key figure during the Scottish Enlightenment. Seen by some as the "father of economics"——— or ...

Award to prominent economists and policy makers who have contributed to business economics. Recipients of the award include former

chairman

Ben Bernanke Ben Shalom Bernanke ( ; born December 13, 1953) is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Federal Reserve, he was appointed a distinguished fellow at the Brookings Insti ...

, 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; 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 Princeton University is a private university, private Ivy League research university in Princeton, New Jersey, United States. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial ...

economics professor Paul Krugman, in 1995; and Chicago School economist and recipient of the Nobel Prize in Economics

Milton Friedman Milton Friedman (; July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and ...

in 1989.

Paul A. Volcker Lifetime Achievement Award for Economic Policy

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

External links

NABE homepage

References

{{reflist Economics societies 1959 establishments in the United States Organizations established in 1959 Business in the United States