It has eight members, who are among the foremost economists in the nation, and who all who work at top academic institutions across the country: Robert Hall of Stanford, Robert Gordon of Northwestern, James Poterba of Massachusetts Institute of Technology, Valerie Ramey of the University of California-San Diego, Christina Romer of UC-Berkeley, David Romer of UC-Berkeley, James Stock of Harvard and Mark Watson of Princeton.Ĭhristina Romer served as chairwoman of the council of economic advisers under President Obama, and Poterba is the president of the NBER. The group within the NBER that actually makes the call on the recession is the Business Cycle Dating Committee. So what is this group, and how does it make its proclamations? But it’s not in the U.S., where a relatively under-the-radar group - the National Bureau of Economic Research’s (NBER) Business Cycle Dating Committee - is in charge of making an official call on whether the country is in a recession.
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