National Bureau of Economic Research

Categories: Economics
  • The National Bureau of Economic Research is a private, non-profit, non-partisan research organization founded in 1920 to promote a greater general understanding of economics. On December 1, 2008, the NBER officially declared that the U.S. has been in a recession since December of 2007.CNN: It's official: Recession since Dec. '07 (December 1, 2008)
  • Founding Principle of the NBER

    '"To encourage, in the broadest and most liberal manner, investigation, research, and discovery, and the application of knowledge to the well-being of mankind; and in particular to conduct, or assist in the making of, exact and impartial investigations in the fields of economic, social, and industrial science, and to cooperate with governments, universities, learned societies, and individuals."NBER: Toward a Firmer Basis of Economic Policy: The Founding of the National Bureau Of Economic Research (pdf) (1984)

  • Five Precepts of the NBER

    1. Research should concentrate on determining facts that impact problems of economic policy
    2. That knowledge should be quantitative in nature
    3. The research should be in accordance with scientific principles
    4. The work should be done in a way to assure the public of its impartiality
    5. The board should abstain from making policy recommendationsNBER: Toward a Firmer Basis of Economic Policy: The Founding of the National Bureau Of Economic Research (pdf) (1984)

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