The National Bureau of Economic Research was founded in 1920 as a private, nonpartisan research organization dedicated to producing unbiased economic research. Its Business Cycle Dating Committee has become the de facto authority for dating the start and end of United States recessions and expansions, including the Great Depression and the 2008 financial crisis, even though the committee holds no government mandate to do so and its determinations carry weight through professional consensus rather than statute.
Facts
Founding Year Founding Date HeadquartersCambridge, Massachusetts, United States 1 Geography
Country or Jurisdiction ServedWikidata Q475424, property P17 (country). Classification
Institution SubtypeThink Tank or Research Institute 1 National Bureau of Economic Research
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FAQs
Who officially decides when a US recession starts and ends?
The NBER's Business Cycle Dating Committee, a private research body with no government mandate.
No government agency does. The National Bureau of Economic Research, a private nonpartisan research organization founded in 1920, runs a Business Cycle Dating Committee that determines the start and end dates of US recessions and expansions, including the Great Depression and the 2008 financial crisis. The committee holds no legal mandate to do this; its dates are treated as authoritative because of the discipline's professional consensus, not because any statute assigns it the job.
Connections
Associated With
NBER's Business Cycle Dating Committee dated the December 2007-June 2009 US recession associated with the 2008 financial crisis.
Source About NBER
Great Depression, Events NBER's Business Cycle Dating Committee retrospectively dates the Great Depression's peaks and troughs; the committee holds no government mandate but its determinations are the field's de facto standard.
Source About NBER
Has Member
Schwartz joined the National Bureau of Economic Research and stayed there for the rest of her career.
Source Wikipedia
Goldin directed the NBER's Development of the American Economy program from 1989 to 2017 and currently co-directs its Gender in the Economy study group.
Source Wikipedia
Additional Source Wikipedia: Claudia GoldinClaudia Goldin, Career section
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Located In
Also in Geography Atlas: where this subject is located.
Sources
1. About NBER
National Bureau of Economic ResearchNBER official site, About NBER > History page
The National Bureau of Economic Research (NBER) was founded one hundred years ago, on January 23, 1920
Introduction, institution-subtype
The National Bureau of Economic Research was founded in 1920 as a private, nonpartisan research organization dedicated to producing unbiased economic research.
- Associated With: Great Depression
- Associated With: 2008 Financial Crisis
View the Source 2. Wikidata
Wikimedia Foundation
Wikipedia
Wikimedia FoundationHas Member: Anna Schwartz, Anna Schwartz, Career sectionQuote, Has Member: Anna Schwartz, Anna Schwartz, Career section
she joined the staff of the National Bureau of Economic Research. She worked in the New York City office of that organization for the rest of her life.
Wikipedia: Claudia Goldin
Wikimedia FoundationHas Member: Claudia Goldin, Claudia Goldin, Career sectionQuote, Has Member: Claudia Goldin, Claudia Goldin, Career section
director of the NBER's Development of the American Economy program from 1989 to 2017
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