NBER (National Bureau of Economic Research)

The National Bureau of Economic Research (NBER) is a private, nonprofit organization in the United States that conducts economic research and disseminates findings. Founded in 1920, it's known for its work in identifying economic cycles, including recessions and expansions. The NBER compiles and analyzes economic data, providing insights to policymakers, businesses, and the public. Their research covers various areas like employment, inflation, and productivity, influencing economic policy and understanding. Though it plays a crucial role in economic analysis, the NBER does not have regulatory power or direct influence over economic policy decisions.