Joel L. Naroff is the President and founder of Naroff Economic Advisors, a strategic economic consulting firm. He advises companies across the country on the risks and opportunities that economic developments may have on the organization’s operating environment. Joel is the author, with veteran reporter Ron Scherer, of “Big Picture Economics: How to Navigate the New Global Economy”. The book has been recently reprinted in Chinese. He is an economic advisor to Emerald Advisors, TDn2k, Investors Bank, Berkshire Hathaway HomeServices Fox & Roach, Realtors and Indigo Capital Advisors. He is a Senior Advisor to Econsult Solutions. From 1999 to 2009, Joel served on a consulting basis as Chief Economist for Commerce Bank/TD Bank. Before that he was Chief Bank Economist at First Union Bank and First Fidelity Bancorp. Prior to moving into banking, Joel was a tenured professor in the Isenberg School of Management at the University of Massachusetts at Amherst.
A nationally recognized economic forecasting expert, Joel has received numerous honors. For five of the last six years, he was a Crystal Ball Award winner of the Zillow Home Price Expectations Survey. He received the National Association for Business Economics Outlook Award as the top economic forecaster in both 2007 and 2011. NABE is the premier professional association for business economists. In 2008 he was awarded the Lawrence Klein Award for Blue Chip forecasting excellence. This is one of the oldest and most prestigious forecasting honors. Joel was the Bloomberg Business News top economic forecaster in 2008 and in 2006 he was MSNBC’s the top forecaster. He is a member of the Blue Chip, Wall Street Journal, Bloomberg, Survey of Professional Forecasters, Reuters, Newsweek and MarketWatch economic forecasting panels. He is an economic and financial advisor to state and local governments as well as business organizations. He has testified in front of Congress on economic and fiscal policy matters.
Joel is often quoted in the national press, including The Wall Street Journal, The New York Times, Newsweek, USA Today, Barron’s and Business Week. He has appeared on CNBC, Fox Business News, Bloomberg Television and Yahoo Finance. Joel writes a bimonthly Sunday business column and a periodic blog called “Random Economics” for the Philadelphia Inquirer, does business commentary for KYW Newsradio in Philadelphia and can be heard often on the national news radio networks. His materials are quoted by news agencies around the world.
An accomplished public speaker, Joel’s humor and unique ability to make economics understandable have brought him a wide following. His presentations on national, international, regional and industry topics show how evolving economic trends can impact businesses, governments, educational institutions and not for profits.
Joel received bachelors’ degrees in economics and chemistry from the Stony Brook University and his Ph.D. in economics from Brown University. He is a member of the Board of Directors of the Economy League of Greater Philadelphia and teaches at the Stonier School of Banking.