Economic Outlook Conference

What's Next for Kentucky in the Global Economy?

At the 2019 Economic Outlook Conference, sponsored by Central Bank, leading experts will address issues including the outlook for the local, state and national economy, the financial markets and current topics of interest.

Date

Wednesday, February 13, 2019
8:00 – 8:30 am Check-in & Continental Breakfast
8:30 – 12:00 pm Program

Registration fee: $120 per registrant
Discounted fee for multiple registrations: $105 per registrant.

You may register five or more people from the same business, at the same time, to receive the discounted fee.)

Register Today!


Location


Agenda

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

8:30 a.m.

Welcome and Introductions

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

8:50 a.m. A View from the Federal Reserve

Dr. Loretta J. Mester
President and CEO
Federal Reserve Bank of Cleveland
Cleveland, OH

9:30 a.m. Economic Outlook for 2019: Kentucky and Beyond

Dr. Jenny Minier
Sturgill Professor of Business and Public Policy, Director of the Center for Business and Economic Research,
and 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. Considering Revisions to Kentucky's Tax Structure in light of the Tax Cuts and Jobs Act

Dr. William Hoyt
Chair and Gatton Professor of Economics
Gatton College of Business and Economics
University of Kentucky

10:55 a.m. Fayette County Property Market Trends

Mr. David O'Neill, PVA
Property Valuation Administrator
Fayette County, Kentucky
Lexington, KY

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

Speaker Bios

Kenneth R. Troske

Associate Dean for Graduate Programs and Outreach, Gatton College of Business and Economics

Kenneth R. Troske is the Associate Dean for Graduate Programs 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


Loretta J. Mester

President and CEO

As president and chief executive officer of the Federal Reserve Bank of Cleveland, Loretta J. Mester participates in the formulation of U.S. monetary policy, and oversees 950 employees in Cleveland, Cincinnati, and Pittsburgh who conduct economic research, supervise banking institutions, and provide payment services to commercial banks and the U.S. government. She assumed her role as president and CEO in June 2014.

Dr. Mester was born in Baltimore, MD. She graduated summa cum laude with a bachelor of arts degree in mathematics and economics from Barnard College of Columbia University. She earned her M.A. and Ph.D. degrees in economics from Princeton University, where she was a National Science Foundation Fellow.

Prior to being named president and chief executive officer of the Federal Reserve Bank of Cleveland, Dr. Mester had been executive vice president and director of research at the Federal Reserve Bank of Philadelphia, where she was the chief policy advisor, attended meetings of the Federal Open Market Committee, and oversaw the economists and analysts in the Research Department, as well as professionals in the Financial Statistics Department and the Payments Cards Center. She joined the Federal Reserve Bank of Philadelphia in 1985 as an economist, becoming senior vice president and director of research in 2000, and executive vice president and director of research in 2010.

Dr. Mester is an adjunct professor of finance at the Wharton School of the University of Pennsylvania and is a fellow at the Wharton Financial Institutions Center. She has also taught in the undergraduate finance and M.B.A. programs at Wharton and in the Ph.D. program in finance at New York University.

Her areas of research expertise and interest include the organizational structure and productive efficiency of financial institutions, financial intermediation and regulation, agency problems in credit markets, credit card pricing, central bank governance, and inflation. Dr. Mester has published numerous articles in refereed academic and professional journals on a variety of topics including economics, central banking, and financial issues. In addition, Dr. Mester is managing editor of the International Journal of Central Banking and co-editor of the Journal of Financial Services Research; and is an associate editor of several other academic journals.

Dr. Mester is a director of the Greater Cleveland Partnership, a trustee of the Cleveland Clinic, a trustee of the Musical Arts Association
(Cleveland Orchestra), a director of the Council for Economic Education, a founding director of the Financial Intermediation Research Society, and a member of the advisory board of the Financial Intermediation Network of European Studies (FINEST). She is a member of the American Economic Association, the American Finance Association, the Econometric Society, and the Financial Management Association International.

Presentation: A View from the Federal Reserve


Jenny Minier

Sturgill Professor of Business and Public Policy, Director of the Center for Business and Economic Research and Professor of Economics, Gatton College of Business and Economics

Jenny Minier, Sturgill Professor of Business and Public Policy, Directory of the Center for Business and Economic Research and Professor in the Department of Economics in the Gatton College of Business and Economics at the University of Kentucky. She joined the department in 2004 after six years as an Assistant Professor at the University of Miami (FL). Professor Minier received her B.A. in Economics at Carleton College in Minnesota, and earned both her M.S. and Ph.D. in Economics at the University of Wisconsin -Madison.

Professor Minier's primary research interests are in economic growth and development, particularly the role of financial markets in economic development and the relationship between democracy and economic growth. She has published this work in journals such as the Journal of Monetary Economics and the Journal of Economic Growth. Professor Minier is also interested in empirical international trade, and has published work in this area in the Review of Economics and Statistics and the Canadian Journal of Economics.

Presentation: Economic Outlook for 2019: Kentucky and Beyond


William Hoyt

Chair and Gatton Professor of Economics

William Hoyt is the Chair and Gatton Professor of Economics at the Gatton College of Business and Economics at the University of Kentucky. He is also Professor of Public Policy in the Martin School of Public Administration and Policy at the University of Kentucky and a research affiliate at the Center for Economic Studies (CESifo) in Munich, Germany and is currently editor of the Journal of Benefit-Cost Analysis. Professor Hoyt’s has primarily focused taxation with a particular interest in state and local taxation and issues of “tax competition”. His research has been published in numerous economics journals and funded by private, state, and federal agencies and institutions including the National Science Foundation. Along with Bill Fox, he served as economic consultant to the Governor’s 2012 Blue Ribbon Commission on Tax Reform.

Presentation: Considering Revisions to Kentucky's Tax Structure in light of the Tax Cuts and Jobs Act


David O'Neill

Property Valuation Administrator, Fayette County

David O'Neill was appointed Fayette County Property Valuation Administrator by Governor Steve Beshear on February 11, 2009, overwhelmingly elected to a full four-year term in 2010, and ran unopposed for re-election to his third term in November 2014. Prior to his appointment, David's entire career was in the Thoroughbred horse racing industry, most of which was spent managing data for The Jockey Club and Equibase Company - racing's official database for racing information.

David serves on LFUCG’s Vacant Property Review Commission and the Infill and Redevelopment Committee and is actively engaged in pressing issues facing the community including growth, economic development and gentrification and other housing related topics.

In his spare time David is known for his unflagging support and promotion of local products and businesses and facilitating greater civic and politic participation.

Presentation: Fayette County Property Market Trends


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