Carol Corrado
Carol Corrado is a prominent economist and thought leader on the knowledge economy, productivity, and economic measurement. The former chief of industrial output at the Federal Reserve Board, she managed a research program that studied the drivers of productivity and technical change and improved the measurement of information and communications technology prices, and of industrial production and capacity utilization.
Her research on intangibles and innovation has been cited in the popular press, including Business Week, Financial Times, and New York Times. She has coauthored key papers on the macroeconomic analysis of intangible investment and capital, including one that and one that appears in Measuring Capital in the New Economy (University of Chicago Press, 2005), a volume she coedited. (See Research for more publications.)
Carol's research featured in the Businessweek cover story, Feb 2006
In recent work, she produced innovation research from numerous National Science Foundation grants and collaborated to develop the INTANInvest database, an internationally comparable dataset of intangible investment and capital for 27 EU countries, Norway, and the United States.
Corrado received first prize in the Indigo Prize in 2017 for her team's proposal for reimagining GDP calculation for the 21st century. She won the International Association of Research on Income and Wealth’s 2010 Kendrick Prize for the paper Intangible Capital and U.S. Economic Growth. She's received the American Statistical Association’s prestigious Julius Shiskin Award for Economic Statistics in 2003 in recognition of her leadership in improving the measurement of industry productivity, information and communications technology prices, and industrial production and capacity utilization. She also received a Special Achievement Award from the Board of Governors of the Federal Reserve System in 1998 and holds a PhD in economics from the University of Pennsylvania and a BS in management science from Carnegie Mellon University.
Carol is currently the research director in economics of the Conference Board, where her primary focus is measuring intangible capital and analyzing innovation and economic growth. She is also a senior scholar at Georgetown University McDonough School’s Center for Business and Public Policy, a member of the Technical Advisory Committee of Bureau of Labor Statistics, a member of the executive committee of the National Bureau of Economic Research’s (NBER) Conference on Research on Income and Wealth, and current chair-elect of the Business and Economics Section of the American Statistical Association.