Bureau of Economic Analysis
Bruce Baker has extensive work experience in the field of economics. Bruce started their career as an Economist at the Bureau of Economic Analysis in 1978, where they were responsible for operating the Quarterly Econometric Model and conducting monthly forecasts. Bruce then moved on to the Office of Management and Budget in 1983, where they designed and built a long-term budget forecasting model and contributed to the Administration's official economic forecasts. In 1993, Bruce joined the New Zealand Treasury as a Senior Analyst, where they produced official forecasts of individual income tax and authored revenue chapters in the Budget. Bruce later became a Branch Chief at the Bureau of Economic Analysis in 1998, leading the preparation of National Income and Product Accounts for the state and local government sector and directing research into new estimation methods. Bruce has consistently demonstrated expertise in economic analysis, forecasting, and policy evaluation throughout their career.
Bruce Baker completed their BA in Economics at the University of Massachusetts Amherst from 1974 to 1976. Later, from 1982 to 1985, they pursued their MBA with a focus on Finance at The George Washington University.
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Bureau of Economic Analysis
BEA is an agency of the Department of Commerce. Along with the Census Bureau and STAT-USA, BEA is part of the Department's Economics and Statistics Administration. BEA produces economic accounts statistics that enable government and business decision-makers, researchers, and the American public to follow and understand the performance of the Nation's economy. To do this, BEA collects source data, conducts research and analysis, develops and implements estimation methodologies, and disseminates statistics to the public. BEA is one of the world's leading statistical agencies. Although it is a relatively small agency, BEA produces some of the most closely watched economic statistics that influence the decisions made by government officials, business people, households, and individuals. BEA's economic statistics, which provide a comprehensive, up-to-date picture of the U.S. economy, are key ingredients in critical decisions affecting monetary policy, tax and budget projections, and business investment plans. The cornerstone of BEA's statistics is the national income and product accounts (NIPAs), which feature the estimates of gross domestic product (GDP) and related measures. The GDP was recognized by the Department of Commerce as its greatest achievement of the 20th century and has been ranked as one of the three most influential measures that affect U.S. financial markets. Since the NIPAs were first developed in the aftermath of the Great Depression, BEA has developed and extended its estimates to cover a wide range of economic activities. Today, BEA prepares national, regional, industry, and international accounts that present essential information on such key issues as economic growth, regional economic development, interindustry relationships, and the Nation's position in the world economy.