Knowra National Bureau of Economic Research National Bureau of Economic Research The National Bureau of Economic Research is a private, nonprofit U.S. organization that conducts and disseminates economic research. It is best known for its working papers and its business-cycle dating committee.
NBER Working Paper : A preliminary research paper distributed by the National Bureau of Economic Research, usually before journal publication. Working papers are the bureau’s main channel for sharing new research before peer review.
Wesley Clair Mitchell : An American economist known for empirical studies of business cycles and a founding leader of the National Bureau of Economic Research. Mitchell helped establish the bureau’s emphasis on systematic measurement of economic activity.
Business cycle : Recurring fluctuations in economic activity, including expansions and contractions, across an economy. Dating U.S. business cycles is the bureau’s best-known contribution to economic interpretation.
Federal Reserve System : The central banking system of the United States, responsible for monetary policy and financial stability. Unlike the bureau, the Federal Reserve has statutory policy responsibilities and operates as a public institution.
Macroeconomic research : The study of economy-wide outcomes such as output, inflation, employment, and economic growth. The bureau is a major institutional home for empirical work on aggregate economic behavior.
Business Cycle Dating Committee : A committee of the National Bureau of Economic Research that identifies the dates of U.S. business-cycle peaks and troughs. This committee makes the bureau’s most publicly recognized judgments about recessions.
Malcolm R. Rorty : An American statistician and business executive who helped found the National Bureau of Economic Research in 1920. Rorty brought business and statistical expertise to the bureau’s creation.
Recession : A substantial decline in economic activity lasting more than a few months and visible across multiple indicators. The bureau’s committee determines the start and end dates of U.S. recessions.
Bureau of Economic Analysis : A U.S. federal agency that produces official statistics on national output, income, and international transactions. The BEA publishes official economic accounts; the NBER conducts independent research using such data.
Economic history : The study of economies and economic change through historical evidence and methods. NBER projects have helped establish economic history as a quantitative research field.
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