Everything about The National Bureau Of Economic Research totally explained
The
National Bureau of Economic Research (NBER) is a "private, nonprofit research organization" dedicated to studying the science and empirics of
economics, especially the
American economy. It is "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." It publishes NBER Working Papers and books. The NBER is located in
Cambridge, Massachusetts with branch offices in
Palo Alto,
California, and
New York City.
The NBER was founded in
1920. Its first staff economist and Director of Research was
Wesley Mitchell.
Simon Kuznets was working at the NBER when the U.S. government asked him to help organize a system of
national accounts in
1930, which was the beginning of the official measurement of
GDP and other related indices of economic activity. Due to its work on national accounts and
business cycles, the NBER is well-known for providing start and end dates for
recessions in the United States.
The NBER is the largest economics research organization in the United States. Sixteen of the 31 American winners of the
Nobel Prize in Economics have been NBER associates, as well as three of the past Chairmen of the
Council of Economic Advisers, including the current NBER president,
Martin Feldstein. NBER research is published by the
University of Chicago Press.
Famous members
Further Information
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