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| Board of Directors |
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Joel L. Prakken, Chairman
In 1982, Dr. Prakken teamed with Chris Varvares and Laurence Meyer to found the
economic consulting firm of Laurence H. Meyer & Associates, Ltd. In June of
1996, when Dr. Meyer assumed a position on the Board of Governors of the
Federal Reserve System, the firm was renamed Macroeconomic Advisers and Dr.
Prakken became its new Chairman.
Dr. Prakken completed his undergraduate degree in economics at Princeton
University, and he holds a Ph.D. in economics from Washington University in
Saint Louis. Prior to founding Macroeconomic Advisers, he held the position of
Senior Economist at the World Headquarters of the IBM Corporation and, before
that, he served with the Federal Reserve Bank of New York. He has held
positions on the faculties of New York University's Graduate School of
Business, the Economics Department of Washington University, and the Olin
School of Business at Washington University. He is the past president and a
current director of the National Association for Business Economics, the
largest non-academic association of professional economists in the United
States. He is also past president of the Gateway Association of Business
Economists in Saint Louis.
Dr. Prakken has numerous publications to his credit, including papers written
for the Council of Economic Advisers, the American Council for Capital
Formation, and the Center for the American Study of Business on topics ranging
from tax reform, to budget policy, to monetary policy, to the impact of
technology on productivity. He has testified frequently on these topics before
committees in both the House of Representatives and the Senate. He also
participates regularly in the meetings of the Outside Consultants to both the
Congressional Budget Office and the Board of Governors of the Federal Reserve
System.
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Laurence H. Meyer, Vice Chairman
Dr. Laurence H. Meyer is Vice Chairman of Macroeconomic Advisers, LLC, the
company he co-founded with Joel Prakken and Chris Varvares as Laurence H. Meyer
& Associates in 1982. The firm became Macroeconomic Advisers in June of
1996 when Dr. Meyer joined the Board of Governors of the Federal Reserve
System. Dr. Meyer served as a member of the Board of Governors of the Federal
Reserve from June 20, 1996 until January 31, 2002 and re-joined MA in June of
2002.
During his tenure at the Board, he was widely recognized as an influential
member of the Federal Open Market Committee and built a reputation for
independent thinking and straight talk about monetary policy. Fed Chairman Alan
Greenspan said, "Larry Meyer has made an important contribution to the Board's
monetary policy. His thoughtful insights into technical issues and his
technical expertise have materially enhanced the deliberations of the Board and
the Federal Open Market Committee. His influence will carry on beyond his
tenure as a Board member." Dr. Meyer was chairman of the Committee on
Supervisory and Regulatory Affairs, overseeing the Board's regulatory
implementation of Gramm-Leach-Bliley Act and its participation in negotiations
toward a new international capital accord. He also represented the Federal
Reserve Board in several international forums, including the Financial
Stability Forum, the Economic Policy Committee of the OECD, and APEC. He was
responsible for monitoring developments in the Asia Pacific region and
participated in U.S. bilateral dialogues with the central banks and finance
ministries of Japan, China, and India.
Dr. Meyer is also distinguished visiting scholar at the Center for Strategic and
International Studies in Washington, DC. Dr. Meyer, recognized as one of the
nation's leading economic forecasters, was born on in the Bronx, New York, in
1944. He received a B.A. (magna cum laude) from Yale University in 1965 and a
Ph.D. from Massachusetts Institute of Technology in 1970. He was also a
professor of economics and former chairman of the economics department at
Washington University.
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Chris P. Varvares, President
Chris Varvares is President of Macroeconomic Advisers, a company he co-founded
with Joel Prakken and Laurence Meyer as Laurence H. Meyer & Associates in
1982. The firm became Macroeconomic Advisers in June of 1996 when Dr. Meyer
joined the Board of Governors of the Federal Reserve System.
Mr. Varvares has over 20 years of experience in macroeconomic forecasting and
policy analysis, both as a principal of Macroeconomic Advisers (1982 to
present) and as a member of the staff of the President's Council of Economic
Advisers (1981-1982). While at the Council, he served as a member of the U.S.
delegation to the OECD in April 1982. Mr. Varvares is a member and former
President of the St. Louis Chapter of the National Association of Business
Economists and is a member of the American Economic Association. He serves as a
member of Time Magazine's Board of Economists, and has been a panelist for the
World Economic Forum.
Mr. Varvares holds a B.A. in Economics from the George Washington University and
received his graduate training in economics from Washington University in St.
Louis.
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