Macroeconomic Advisers has the most experienced team of economists focused on U.S. macroeconomics in the private sector. Members of our team have served as policymakers and staff at the Federal Reserve Board and the President’s Council of Economic Advisers.

Forecast and Scenarios Team

Chris Varvares

Senior Managing Director, Co-founder
Chris Varvares is a Senior Managing Director of Macroeconomic Advisers, a company he co-founded with Joel Prakken and Laurence Meyer as Laurence H. Meyer & Associates in 1982. Mr. Varvares has roughly 30 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 served as president of the National Association for Business Economics (NABE) during 2008-2009, served as president of the St. Louis chapter of NABE, and is a member of the American Economic Association. He is a member of the New York State Economic and Revenue Advisory Board, serves on the Bureau of the Census Advisory Committee, participates in the meetings of the Outside Consultants to the Congressional Budget Office, 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 (ABD) in Economics from Washington University in St. Louis, where he was also a member of the adjunct faculty.

Joel Prakken

Senior Managing Director, Co-founder
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.

Ken Matheny

Senior Economist
Dr. Matheny has been with Macroeconomic Advisers for nearly two decades, contributing regularly to MA’s forecasts and economic analysis, while monitoring financial markets, the Federal Reserve, and other domestic and international developments. He contributes to MA’s proprietary forecasting models and software, assists clients in the use of MA’s models and software, conducts research, and makes presentations to clients and other groups on monetary policy, financial markets, and other issues in the economic outlook. He has been quoted in or appeared in various media outlets, including the Wall Street Journal and the New York Times.

Prior to joining Macroeconomic Advisers, Dr. Matheny served on the faculty of the Krannert School of Management at Purdue University, where he taught courses on macroeconomics, microeconomics, and money and banking. He holds a Ph.D. from UCLA and a B.A. from Washington University, summa cum laude. He is a member of the American Economic Association and the National Association for Business Economics, having previously served as president of the Gateway Chapter (St. Louis) of the National Association for Business Economics. Prior to receiving his graduate training, Dr. Matheny was a commercial banker.

Ben Herzon

Senior Economist
Ben Herzon joined MA in April 1998, one year prior to receiving his Ph.D. in economics from Washington University. His research there focused tracing the effects of monetary policy “shocks” through various industrial sectors, employing BEA’s input-output accounts and time-series econometric techniques. Ben works in MA’s St. Louis offices, where he focuses much of his efforts on translating recent trends in high-frequency data into a near-term forecast of GDP growth.

Kathleen Navin


KNavin-ColorWebKathleen Navin joined Macroeconomic Advisers in June 2010. Kathleen’s primary responsibilities pertain to MA’s U.S. Macro Insights (USMI) service and to special reports and projects that utilize MA’s proprietary macroeconomic model, MA/US. Kathleen is the technical lead on MA’s Macroprudential Scenarios Service, coordinating and contributing to the development of scenarios and supporting products. In 2015, Kathleen became a member of the National Association of Business Economics’ inaugural class of Certified Business Economists.

Prior to joining MA, Kathleen was a research associate at the Federal Reserve Bank of Kansas City in the division of Macroeconomics and Monetary Policy. Kathleen graduated with a Bachelor of Science degree in Economics in 2007 from the University of Missouri, where she went on to earn a Master of Arts degree in Economics in 2008.

Sales, Legal and Finance

Maureen Maguire

Managing Director

044_1 copyMaureen Maguire joined Macroeconomic Advisers as a Managing Director for the MacroScenario Stress Testing Services in April 2012.  She is responsible for overseeing the development of the service and leads the Macro Scenario Advisory Board.  Prior to joining Macroeconomic Advisers, she was Founder and President of ThinkResearch, a New York-based strategic business and economic consulting firm.  While at ThinkResearch, Ms. Maguire was responsible for developing thought leadership on several topics; most recent research was on the value of Enterprise Risk Management.  Prior to founding ThinkResearch, Ms. Maguire was Global Director of Research for the Financial Advisory Services Group at PricewaterhouseCoopers.  Ms. Maguire held positions as Vice President and Principal Economist with Montgomery Securities in San Francisco where she was responsible for directing the efforts of the firm with regard to economic research, analysis and forecasting.  Prior to joining Montgomery, Ms. Maguire held positions as Senior Economist in the U.S. group of the Economics – Policy Research Department of the Bank of America specializing in long-term U.S. macro forecasting and Assistant Vice President and Western Region Manager with AUS Consultants, managing projects in economic development, forecasting and financial analysis to several industries.  While working in San Francisco, Ms. Maguire was a lecturer in financial analysis, microeconomics and macroeconomics at the University of California at Berkeley.  She is a member of the National Association for Business Economics and its New York affiliate and holds M.S. and B.S degrees in Resource Economics from the University of Massachusetts at Amherst.

Jill L. Varvares

Vice President, General Counsel

Jill L. Varvares serves as Vice President, General Counsel & Chief Compliance Officer for MA. Ms. Varvares oversees the legal affairs of MA, manages governance, regulatory compliance and MA’s ethics and compliance training programs.  Prior to joining MA in 2014, Ms. Varvares was counsel to the ICL Group serving to advise management on liability, commercial and operational matters, implementation and maintenance of regulatory enterprise risk management infrastructure and policies, insurance, contracts, indemnity, customer relations, product distribution, IP protection and litigation.  Ms. Varvares’ prior positions include: Assistant Attorney General for Missouri and an attorney for Greensfelder, Hempker & Gale specializing in litigation. Ms. Varvares received a J.D. degree from St. Louis University Law School, an MA from Central Missouri State University and a B.A. from the University of Arizona.

Timothy Pierce

Managing Director, CFO
Tim Pierce joined Macroeconomic Advisers as Chief Financial Officer in August 2003. He graduated from Washington University in St. Louis in 1989 with a bachelors degree in business administration (accounting). While at Washington University, Tim worked as an accounting intern at Laurence Meyer & Associates. Tim received his CPA and was an auditor with PricewaterhouseCoopers LLP for nine years. In September of 1998, he joined Bridge Information Systems as Assistant Controller. After Reuters America purchased Bridge in 2001, Tim became Director of Financial Reporting and subsequently Director of the Record To Report Group within the Business Service Center for Reuters America.