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Official
Matthew Yglesias —
... , referred to the recession as having been “officially” called yesterday when the National Bureau of Economic Research’s Business Cycle Dating Committee decided that the recession began in December 2007. This raises the point that despite the “national” in the name, and people’s tendency to regard NBER’s calls as “official,” it’s not actually an official outfit in the sense of being a government agency or anything. It’s a non-profit in located near a bunch of furniture stores in Cambridge. Reliance on the ...
White House: We Never Said We Weren’t In A Recession
Think Progress —
... that the U.S. was in a recession. “Obviously, the NBER came out and said that we are in a recession,” Press Secretary Dana Perino said. Even though the National Bureau of Economic Research announced Monday that the ...
92 Percent Of Corporate Tax Break Meant For Domestic Investment Went To Pay Dividends, Buy Shares
Wonk Room —
... for a particular income tax break in 2004, they saved $220 in taxes. The goal of providing the tax break — as expressed by the corporation’s lobbyists — was that the money saved would be invested in domestic productions. Congress believed that this is where the money would go, and thus the tax break — which allowed corporations to repatriate overseas earnings at far below the normal tax rate — was granted.
Well, analysts at the National Bureau of Economic Research took a look at what the corporations actually did with ...
Jobs and the Unemployment Rate
Calculated Risk —
... Employment is just one factor the National Bureau of Economic Research (NBER) uses in calling the end of a recession. In 1990 and 2001, there were substantial job losses even after the recessions officially ended. ...
Jeffrey Sachs: Bank Bonuses and the Reform Agenda in the Balance
Politics on HuffingtonPost.com —
... This largesse produced the deregulation of the late 1990s that allowed the bonuses to soar on the mirage of unregulated credit default swaps. That's the same deregulation that eventually led to the trillions of dollars of asset losses now being picked up by Americans and other taxpayers around the world. And of course that's the deregulation that has made possible the soaring compensation in the financial sector, a point demonstrated convincingly in a recent scholarly paper by Philippon and Reshef. ...
Answering Your Questions on the Economy
Paul Krugman —
... OK: the official definition of a recession in the United States is that it’s a recession if the recession-dating committee of the National Bureau of Economic Research says it is. But the committee, loosely speaking, says that a recession is a period when everything is going down. And that’s not true anymore. Industrial production is rising; GDP is almost certainly rising. So the economy has stopped shrinking. Now, I agree that this doesn’t say much about the reality most Americans face – because the jobs picture is still getting worse. But it’s fairly clear that the official ...
Celebrating and Capitalizing on Our Misery
Pajamas Media —
... . Whether it concludes the recession as determined by the National Bureau of Economic Research (NBER), which was inexplicably allowed to hijack the dictionary and substitute their arbitrary judgment as to what an “official” recession is decades ago, is anyone’s guess. NBER’s alleged experts “ ...
