Alan Greenspan: The challenge of measuring and modeling a dynamic economy Remarks by Alan Greenspan, Chairman of the Board of Governors of the US Federal Reserve System, delivered at the Washington Economic Policy Conference of the National Association for Business Economics, in Washington DC on 27 March 2001.
* * * I am pleased to have this opportunity to address an issue of considerable importance to both business economists and policymakers--that is, the challenge of measuring and modeling our dynamic economy. Moreover, I would like to raise the issue of how much of our finite resources should be directed to measuring and how much to modeling.