DEFINITION of 'National Bureau of Economic Research - NBER'
This private, non-profit, non-partisan research organization's main aim is to promote greater understanding of how the economy works. It disseminates economic research among public policymakers, business professionals and the academic community.
BREAKING DOWN 'National Bureau of Economic Research - NBER'
Hundreds of the nation's leading scholars in economics and business are also NBER researchers, who focus on four types of empirical research: developing new statistical measurements, estimating quantitative models of economic behavior, assessing the effects of public policies on the U.S. economy, and projecting the effects of alternative policy proposals. Twelve of the 31 American Nobel Prize winners in Economics have been researchers at the bureau.