Senior Vice President
NERA Economic Consulting
PhD in economics, Harvard University
Fulbright Scholar, Cambridge University
BA in social studies, Wesleyan University
"The Growing Burden of Federal Regulation"
The wave of deregulation that began in the 1970s may have receded, but it left behind a valuable database of regulatory impact analyses. Although there are gaps that make any estimate of the overall burden of regulation based on these data likely to be an underestimate, they reveal that the burden of regulation has grown continuously since mandatory analysis of the costs of individual regulations began. More ominously, the cumulative cost of regulation has grown more rapidly than GDP, and that growth has accelerated over the past four years. The Manufacturers Alliance for Productivity and Investment recently released a study of the impacts of regulation on the manufacturing sector. David Montgomery, Senior Vice President at NERA Economic Consulting and lead author of the study, will discuss how his team estimated the macroeconomic impacts of regulation and the major insights they gained from the study.
Dr. Montgomery is an expert on the economic issues associated with climate change policy, and testifies as an expert witness in state and federal courts on antitrust and damages cases dealing with petroleum and natural gas markets. His scholarly work is frequently published in peer-reviewed journals, and Congressional committees have requested his testimony on climate change, issues affecting oil and gas markets, and other energy market and environmental issues on numerous occasions. He advises clients on the strategic implications of changes in energy and environmental policies and energy markets.
Dr. Montgomery was formerly co-head of the Energy and Environment Practice at Charles River Associates. He also served as assistant director of the US Congressional Budget Office and deputy assistant secretary for policy in the US Department of Energy. He taught economics at the California Institute of Technology and Stanford University and was a senior fellow at Resources for the Future. Dr. Montgomery received the Association of Environmental and Resource Economists’ 2004 award for a "Publication of Enduring Quality" for his pioneering work on emission trading.
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