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Economic Summit, The Challenge: Keeping Up

June 17–18, 2014 · Federal Reserve Bank of Dallas

This flagship two-day conference for university faculty and secondary educators addressed those complex issues currently making news that often defy solution.

No better example of this challenge can be found than in the 2013 winners of the Nobel Memorial Prize in Economic Science, Robert Shiller from Yale University and Eugene Fama of University of Chicago. They are leading proponents of opposing views about the rationality of financial markets, and yet they were both awarded the coveted prize.

The Economic Summit addressed issues such as the efficiency of markets, health care, energy, labor market polarization, the nation's debt, virtual currency and understanding FOMC communication.


Tuesday, June 17

8 a.m.

Registration & Continental Breakfast

8:40 a.m.


9 a.m.

What Do Economists Really Know?
Ed Skelton
Business Economist
Federal Reserve Bank of Dallas

10:15 a.m.

Are Markets Efficient? The Nobel Laureate Debate: Shiller and Fama
Josh Zorsky
Financial Industry Analyst
Federal Reserve Bank of Dallas

11:15 a.m.

Labor Market PolarizationPDF
Melissa LoPalo
Research Analyst
Federal Reserve Bank of Dallas

1 p.m.

U.S. Budget Deficit Shrinks, but Long-Term Challenges Remain
Jason Saving
Senior Research Economist and Advisor
Federal Reserve Bank of Dallas

2:15 p.m.

What Does Shopping Tell Us About the Economy?PDF
Anne Macy
Gene Edwards Professor of Finance
West Texas A&M University

3:30 p.m.

Bank Tour (optional)
Catherine Harper
Library Relations Specialist
Federal Reserve Bank of Dallas

Wednesday, June 18

8:30 a.m.


9 a.m.

Understanding FOMC CommunicationPDF
Mark Wynne
Vice President, Associate Director of Research
Director, Globalization and Monetary Policy Institute
Federal Reserve Bank of Dallas

10 a.m.

The Rollout: An Update on the Affordable Care ActPDF
Marah Short
Senior Staff Researcher, James A. Baker III Institute for Public Policy
Rice University

11:15 a.m.

Too Big To Fail
Kenneth Robinson
Assistant Vice President
Federal Reserve Bank of Dallas


Business, Banks and Bragging: How Dallas Was Selected to Be a Federal Reserve City
Princeton Williams
Economic Education Program Coordinator
Federal Reserve Bank of Dallas

1:15 p.m.

From Scarcity to Abundance: How the Energy Revolution Is Transforming America's EconomyPDF
Bernard Weinstein
Associate Director, Maguire Energy Institute
Adjunct Professor of Business Economics, Cox School of Business
Southern Methodist University

2:15 p.m.

Virtual Currency: BitcoinPDF
Stephen Clayton
Senior Economic Education Specialist
Federal Reserve Bank of Dallas

3:30 p.m.


Related Reading in Dallas Fed Publications

U.S. Budget Deficit
“U.S. Budget Deficits Shrink, but Long-Run Issues Remain,”PDF Economic Letter, March 2014.

FOMC Communication
“A Short History of FOMC Communication,”PDFEconomic Letter, Sept. 2013.

Labor Polarization
“Middle-Skill Jobs Lost in U.S. Labor Market Polarization,”PDFEconomic Letter, May 2014.

Dallas’ Selection as a Federal Reserve City
An Argument for Dallas: 100 Years of the Federal Reserve Bank of Dallas 1914–2014PDF

Too Big to Fail
“Vanquishing Too Big to Fail,”PDF Federal Reserve Bank of Dallas 2012 Annual Report

Order Hard Copies of Publications

Request a classroom set (35 copies) using the online order form.

For More Information

Contact: Sharon Wallace
Phone: 214-922-5276


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