2018 Economic Outlook Conference

What's Next for Kentucky in the Global Economy?

The University of Kentucky Gatton College of Business and Economics, The Lane Report and Commerce Lexington, Inc. present the 29th Annual Economic Outlook Conference. Leading experts address issues including: the outlook for the local, state and national economy, the financial markets and current topics of interest.

Date

Tuesday, February 6, 2018
8:00 – 8:30 am Check-in & Continental Breakfast
8:30 – 12:00 pm Program

Registration fee: $120 (includes continental breakfast and materials.)
Discounted fee for multiple registrations of five or more together: $105 per registrant

Register Today!


Location


Agenda

8:00 a.m. Check-in and Continental Breakfast

8:30 a.m.

Moderator and Introductions

Dr. Kenneth R. Troske
Associate Dean for Graduate Program and Outreach; Sturgill Endowed Professor of Economics
Gatton College of Business and Economics
University of Kentucky

8:40 a.m.

Welcome

Dr. David W. Blackwell
Dean
Gatton College of Business and Economic
University of Kentucky

8:50 a.m. U. S. Economy and Monetary Policy

Dr. James Bullard
President and CEO
Federal Reserve Bank of St. Louis
St. Louis, MO

9:30 a.m. Economic Outlook for 2018: National and Local Relationships

Dr. Christopher R. Bollinger
Director of the Center for Business and Economics Research,
Gatton Endowed Professor of Economics
Gatton College of Business and Economics
University of Kentucky

10:00 a.m. Break (Please submit your written questions for the speakers ahead of time, at the registration table. The Q&A will be at the end of the conference. If we are unable to ask your question due to time constraints, the speakers will be available briefly after the conference.)
10:20 a.m. The Financial Condition of the States: Another View

Dr. Merl Hackbart
Distinguished Service Professor of Finance and Public Administration
University of Kentucky

10:55 a.m. Kentucky's Response to the Changing Nature of Work

Secretary Hal Heiner
Cabinet Secretary
Kentucky Education and Workforce Development Cabinet
Commonwealth of Kentucky
Frankfort, KY

11:30 a.m. Q & A
12:00 p.m. Adjourn

Speaker Bios

Kenneth R. Troske

Associate Dean for Graduate Program and Outreach, Gatton College of Business

Kenneth R. Troske is the Associate Dean for Graduate Program and Outreach, the William B. Sturgill Professor of Economics at the University of Kentucky and a research fellow with the Institute for the Study of Labor in Bonn, Germany. Troske served as a member of the Congressional Oversight Panel whose task was to assess the existing condition of Americas financial markets and the regulatory system and closely monitor the actions of the U.S. Department of the Treasury and financial institutions to determine if their actions are in the best interest of the American economy. He is also a member of the Federal Reserve Bank of Cleveland Lexington Business Advisory Council. Before moving to Kentucky, Troske was an assistant professor and an associate professor of economics at the University of Missouri. His primary research areas are labor and human resource economics. Troske has authored a number of widely known papers using employer-employee matched data on topics such as education, productivity, technology and discrimination. His most recent work has focused on evaluating various aspects of the Workforce Development System in the U.S., the role of human capital in promoting the economic growth of a region and the impact of tax incentives on the creation of jobs in a region. His papers have appeared in many leading journals in economics including the Quarterly Journal of Economics, the Journal of Labor Economics, the Journal of Human Resources, the Review of Economics and Statistics and the American Economic Review.

Presentation: Welcome and Introductions


James Bullard

President and CEO

James “Jim” Bullard is the president and CEO of the Federal Reserve Bank of St. Louis. He oversees the activities of the Eighth Federal Reserve District, including operations in the St. Louis headquarters and its branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn. He also participates on the Federal Reserve’s Federal Open Market Committee, or FOMC, which meets eight times each year to set the direction of U.S. monetary policy.

Bullard is a noted economist and scholar, and his positions are founded on research-based thinking and an intellectual openness to new theories and explanations. He is often an early voice for change. In addition, he makes public outreach and dialogue a priority to help build a more transparent and accessible Fed. He regularly engages with many audiences—including academics, policymakers, business and labor organizations, charities, students and media, among other public groups—to discuss monetary policy and the U.S. economy and to help further the regional Reserve banks’ role of being the voice of Main Street.

Bullard is active in the community. He is an honorary professor of economics at Washington University in St. Louis, where he also sits on the advisory council of the economics department, as well as several advisory boards. In addition, he is a member of the Greater St. Louis Financial Forum, the St. Louis Regional Chamber’s board of directors, the University of Missouri-St. Louis (UMSL) Chancellor’s Council and the St. Cloud State University School of Public Affairs advisory council. He is also chairman of the United Way’s U.S.A. Board of Trustees and a member of the United Way Worldwide board. In addition, he is a member of the Central Bank Research Association’s senior council.

A native of Forest Lake, Minn., Bullard received his doctorate in economics from Indiana University in Bloomington. He holds Bachelor of Science degrees in economics and in quantitative methods and information systems from St. Cloud State University in St. Cloud, Minn.

Presentation: U. S. Economy and Monetary Policy


Christopher R. Bollinger

Director of the Center for Business and Economics Research and Gatton Endowed Professor of Economics, Gatton College of Business and Economics

Christopher R. Bollinger is the director of the Center for Business and Economics Research and Gatton Endowed Professor of Economics in the Gatton College of Business and Economics at the University of Kentucky. He has been an Associate and Assistant Professor of Economics at the University of Kentucky and an Assistant Professor of Economics at Georgia State University. He received his B.B.A. in Economics at Michigan State University and earned both an M.S. and Ph.D. in economics at the University of Wisconsin, Madison. Professor Bollingers research has focused on measurement error in estimation of micro economic models. His work on measurement error has been published in journals such as Review of Economics and Statistics, the Journal of the American Statistical Association, and the Journal of Econometrics. Professor Bollinger also has interests in Urban Economics and Labor Economics. His work in these areas has been published in journals such as the Journal of Labor Economics and the Journal of Urban Economics.

Presentation: Economic Outlook for 2018: National and Local Relationships


Merl Hackbart

Provost Distinguished Service Professor of Finance and Public Administration

Merl Hackbart, Ph.D., is Provost Distinguished Service Professor of Finance and Public Administration at the University of Kentucky. He has previously served as State Budget Director for Kentucky as a Senior Policy Advisor to the Governor of Kentucky and on the Kentucky Council on Postsecondary Education. He is also a Senior Fellow at the Council of State Governments. He has held various administrative positions at the University of Kentucky including Special Assistant to the Chancellor, Associate and Interim Dean of the Gatton College and Director of the Martin School of Public Policy and Administration. His research has focused on state financial management issues including state budgeting, debt management, transportation finance and state investment policies.

Presentation: The Financial Conditions of the States: Another View


Hal Heiner

Cabinet Secretary, Kentucky Education and Workforce Development Cabinet

Secretary Hal Heiner has firsthand experience in bringing jobs to the Commonwealth and keeping jobs in the Commonwealth. As a successful businessman with a passion for education and public service, Heiner has long been focused on shaping civic policy and improving education and career opportunities for all Kentuckians.

He now brings that focus to his new role as Secretary of Kentucky’s Education and Workforce Development Cabinet, where he oversees the work of educating, preparing and training Kentucky’s current and future workforce.

Heiner is a longtime Kentucky resident and has been an active community leader. He has served as a vice chair of Greater Louisville, Inc., and in 2002, he was elected to the Louisville Metro Council where he spent eight years focusing on finding efficiencies in services, government transparency and innovative ways for the community to grow and prosper.

Heiner’s greatest civic passion has been involvement in numerous educational organizations. These have included serving as founding chairman of Kentuckians Advocating for Reform in Education and Kentucky Charter Schools Association and as chairman of the Christian Academy of Louisville School System.

He also served on the Asbury University Board of Trustees, University of Louisville Board of Overseers and Summit Academy Board of Trustees. Currently Heiner serves on the Metro Leadership Foundation Board, an organization focused on after-school instruction for elementary school children.

Heiner’s private sector career began after receiving a master’s degree in engineering from the University of Louisville. He then became a partner in a civil engineering firm that worked across Kentucky.

His interest in real estate led him to the position of president of the commercial division of a multi-state development company. In 1997, Heiner founded Capstone Realty which has developed more than five million square feet of new office and industrial buildings and helped to attract and keep more than 5,000 jobs in the region.

Presentation: Kentucky's Response to the Changing Nature of Work