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Nick Perna

Nicholas S. Perna Ph.D. Economic Advisor to Webster Financial Corporation Nick graduated from Boston College and has a Ph.D. in economics from MIT. In 1999, he founded Perna Associates, a consulting firm specializing in economic analysis, forecasting and strategy. Before that, Nick was Chief Economist for Fleet Financial Group, Shawmut Bank and Connecticut National Bank. He was also an economist with General Electric, the Federal Reserve Bank of New York and the President’s Council of Economic Advisers in Washington. He has taught at Williams College. NYU’s Stern School of Business and the Haas School of Business at the University of California. Nick currently teaches a seminar on the U.S. banking system at Yale. Within the past several years, Nick has appeared numerous times on the Jim Lehrer Newshour and other local and national news broadcasts He is frequently quoted in the national and regional press. The Wall Street Journal and Business Week have both cited him as one of the top economic forecasters in the United States.

Nick's Blog Articles

10/24/2012
Years ago, I was driving through New Hampshire admiring the fall foliage. By the roadside was a big hand-written sign nailed to an old barn. The sign read, “Don’t vote! It only encourages them.” I wonder what that sign painter is saying now? I also wonder what some of the “experts” are predicting about the odds of President Obama staying in the White House. Here’s what I’ve seen recently: [. . .]
06/22/2012
It is a very well known “fact”, more like an article of faith, that small firms account for the bulk of U.S. job formation. This belief has been highly instrumental in influencing economic policies towards business at all levels of government. If my memory is accurate, it was David Birch of MIT who first called attention to the importance of small businesses as job generators some 35 years ago. Since then, there have been numerous studies using increasingly refined data and better defined concepts. [. . .]
06/11/2012
I really like the “Mythbusters”  TV show, perhaps because the 13-year-old still lurking inside me loves seeing watermelons explode in the interest of science. Anyway, here are several of my favorite urban economic legends, some of which contain a grain of truth. [. . .]
03/28/2012
Doesn’t it really annoy you to discover that the manufacturer has reduced the weight of your favorite box of cookies or brand of coffee as a sneaky way of raising the price? This is truly stealth inflation . [. . .]

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