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Long-Run & Near-Term Perspectives on the US Economy
Course Information
Content Level: Intermediate
NAPFA Subject Area: I - Economic & Political Development
Course Description

There are several key long-run trends that have shaped the recent performance of the U.S. economy. Included in these are the forces of demographics, globalization, and technical change. In this keynote session, economic policy advisor Jim Dolmas will survey the post-pandemic landscape and ask: Is the economy coming back into balance? Is the battle with inflation complete? And lastly, which structural shifts are likely to persist? Dolmas will provide an outlook on expectations for growth, and inflation and employment over the next several years and in the long run.

Learning Objectives
  1. Determine how demographic shifts -– an older, slower-growing population – have shaped the prospects for U.S. economic growth
  2. Learn what caused the surge in inflation over the past few years and what the Federal Government did to combat it
  3. Discuss higher interest rates – are they the new normal?
Speaker

Jim Dolmas, PhD 

Jim Dolmas is an economic policy advisor and senior economist at the Federal Reserve Bank of Dallas. His main research interests are in the field of macroeconomics, where he has worked on such topics as the costs associated with business cycles, the effectiveness of stabilization policy, inflation measurement, and the politico-economic determinants of inflation, taxation, and immigration policy. His research has appeared in scholarly journals such as the International Economic Review, Review of Economic Dynamics, and Journal of Economic Dynamics and Control.

Dolmas holds a PhD in economics from the University of Rochester and a bachelor’s degree with honors in economics from the University of Chicago. Prior to joining the Dallas Fed in June 2000, he taught economics at the undergraduate and graduate level at Southern Methodist University. He has also taught at the University of Rochester and the University of Texas in Austin.

Dolmas developed and now maintains the Dallas Fed’s Trimmed Mean PCE inflation rate. In addition to briefing the Federal Reserve Bank of Dallas’s president on national economic conditions, Dolmas writes monthly analyses of inflation data for the bank’s website.

Summary
Availability: On-Demand
Expires on May 31, 2025
Cost: FREE
Credit Offered:
1 NAPFA CE Credit
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