The National Bureau of Economic Research NBER is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community. Poterba of MIT. The NBER was founded in Its first staff economist, director of research, and one of its founders was American economist Wesley Clair Mitchell. He was succeeded by Malcolm C.
Vaccine roll-outs proceed more quickly when they are less targeted by age group or other risk factors. Utku Unver of Boston College, analyze the trade-offs between vaccine targeting and COVIDrelated mortality, considering in particular the impact of other policies on the optimal policy. They find that the cost of shifting from a targeted to a faster vaccine roll-out is greater when other mitigation measures are relaxed. Agarwal summarizes their findings in the video below. An archive of NBER videos on pandemic-related topics may be found here. Four NBER working papers distributed this week report on the economic, health, and related consequences of the COVID pandemic, or on the impact of public policies that are designed to respond to it.
Unemployment rate. NBER-dated recessions in gray. Source: Federal Reserve Bank of St.
To determine whether the economy of a nation is growing or shrinking in size, economists use a measure of total output called real GDP. Real GDP The total value of all final goods and services produced during a particular year or period, adjusted to eliminate the effects of changes in prices. Let us break that definition up into parts. Many goods and services are purchased for use as inputs in producing something else.