| National Association for Business Economics | |
| Formation: | 1959 |
| Purpose: | Business economics |
| Headquarters: | Washington, D.C. |
| Region Served: | United States |
| Membership: | 3,000 |
| Leader Title: | Executive Director |
| Leader Name: | Tom Beers |
| Website: | http://www.nabe.com |
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]
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]
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 |
| 2016 – 2017 | ||
| 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; adjunct professor, IE University[12] |
| David E. Altig | 2021 – | Executive vice president and director of research, Federal Reserve Bank of Atlanta |
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.
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]
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 |