The National Bureau of Economic Research (NBER) is a private, non-profit organization based in the United States that conducts and disseminates economic research. Established in 1920, the NBER is recognized as one of the most prestigious and influential research institutions in the field of economics.
The NBER serves as a leading resource for policymakers, academics, and business leaders, providing crucial insights into the nation's economy. Its primary mission is to promote a better understanding of how the economy works and to analyze the impact of various economic policies and events. The organization conducts extensive research across a broad range of economic topics, including labor markets, fiscal and monetary policy, international trade, economic development, and finance.
One of the most notable contributions of the NBER is its role in determining the official start and end dates of business cycles in the United States. The organization's Business Cycle Dating Committee analyzes various economic indicators and data to pinpoint periods of economic expansions and contractions.
The NBER disseminates its research through publications, working papers, conferences, and seminars. Its findings are highly influential in shaping economic debates and policy decisions. The organization's reputation for rigorous and unbiased research has made it a trusted source for understanding and predicting economic trends and behavior.
Overall, the NBER plays a crucial role in advancing economic knowledge and providing guidance for policymakers, making it an invaluable resource for those interested in the study of economics and its practical applications.
