National Association for Business Economics

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 Sciences Association. According to the association's website, "NABE's mission is to provide leadership in the use and understanding of economics.".^[2]

The association's membership is divided into subject-oriented subdivisions or roundtables including: Financial, Health Economics, International, Manufacturing, Real Estate/Construction, Regional/Utility, Small Business/Entrepreneurship, Technology, and Transfer Pricing. Each roundtable plans and executes webinars and sessions at NABE meetings each year.^[3] NABE also has local and student chapters^[4] in many cities and much of the United States.^[5]

Leadership

Presidents

Past presidents of the NABE include former Chairman of the Federal Reserve Alan Greenspan.

Activities

• NABE Annual Meeting: For over 50 years, "the nation’s top business economists have gathered at the NABE Annual Meeting to debate and discuss the economic trends impacting their companies and their outlook for the global and U.S. economies". The NABE Annual Meeting features prominent speakers, panel discussions, educational sessions, and networking opportunities. In addition to NABE Members and those in related fields, the NABE Annual Meeting regularly attracts 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". An opportunity for business economists and those who use economics in the workplace "to glean insight from and network with" economic policymakers and policy analysts, the NABE Economic Policy Conference has become "the premier national event addressing the nexus of economics, business, and policymaking". Speakers at the Economic Policy Conference have included leaders from the Federal Reserve Board, Treasury Department, Congressional Budget Office, FDIC, and other government agencies, in addition to top analysts at think tanks and other institutions.

• Webinars/Teleconferences: Each of the ten NABE Roundtables conducts regular webinars and teleconferences on timely economics topics within its area of interest. These sessions are available to both members and non-members.
• Publications: NABE offers a variety of publications designed to provide its members "with timely, easy-to-use economic information and association updates". Business Economics, its journal - as below - is best known of these. NABE NewsDigest is a weekly e-newsletter which combines the most recent NABE and NABE Foundation updates with real-time business economics content. NABE NewsDigest pulls from hundreds of blogs, working papers, and op-ed pages to deliver the latest business economics news, information and research to your inbox each week.

• NABE Surveys: NABE regularly conducts three surveys of its membership: the Outlook Survey, the Industry Survey, and the Economic Policy Survey. The results of these surveys "are greatly anticipated and frequently impact market trading, receiving excellent media coverage and wide use by economists, analysts, investors, and policymakers". NABE members receive complimentary access to all three survey reports. 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

• 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 most popular offerings. Each Summer, NABE offers the Certificate in Applied Econometrics, and each Fall, the Certificate in Time-Series Analysis and Forecasting.

• NABE career site: EconJobs.org caters to those seeking a job or an employee in the field of economics.

Journal publication

NABE is the publisher of Business Economics, a scholarly journal that covers different aspects of applied economics and is published quarterly.^[6] 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 Award^[7] to prominent economists and policy makers that have contributed to business economics. Just some of the recipients of the award include, 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,^[8] 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, Professor of Economics at Princeton University Paul Krugman in 1995, and influential economist and recipient of the Nobel Prize in Economics Milton Friedman in 1989.^[9]

External links

• NABE homepage

References