National Bureau of Economic Research (NBER)

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Definition of 'National Bureau of Economic Research (NBER)'

The National Bureau of Economic Research (NBER) is a private, nonprofit, nonpartisan organization that conducts economic research and publishes scholarly research findings. The NBER is committed to providing objective, impartial, and relevant economic research to the public.

The NBER was founded in 1920 by Wesley Clair Mitchell, a professor of economics at Columbia University. Mitchell was a pioneer in the field of business cycle research, and he believed that the government could use economic research to improve economic policy. The NBER's mission is to promote a better understanding of the economy and improve public policy through the advancement of economic research.

The NBER is a leading producer of economic research in the United States. The NBER's research is published in leading academic journals and is widely cited by policymakers, academics, and the media. The NBER also produces a variety of other research products, including books, working papers, and policy briefs.

The NBER is governed by a board of directors that is composed of leading economists from academia, business, and government. The NBER's president is Robert Hall, a professor of economics at Stanford University.

The NBER is funded by a variety of sources, including foundations, corporations, and individuals. The NBER's annual budget is approximately $100 million.

The NBER is a valuable resource for policymakers, academics, and the media. The NBER's research provides insights into the economy and helps to inform public policy decisions. The NBER also plays an important role in educating the public about the economy.

The NBER is a leading producer of economic research in the United States. The NBER's research is widely cited by policymakers, academics, and the media. The NBER also plays an important role in educating the public about the economy.

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