Word: nber
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Dates: during 1970-1979
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...more emphasis on economic theory rather than statistics (since Feldstein became president)," Rees comments. "He has areas he wants to stress and he invites people to join the bureau who are doing research in those areas." The New York Times, on May 20, 1979, suggested Feldstein is using the NBER as "his own private vehicle." But people inside the bureau don't see it that way, though they say they clearly feel Feldstein's influence...
Joel B. Slemrode, a research analyst working on his dissertation, says Feldstein was his adviser before, he adds jolingly, the "Marty Feldstein incarnation of the NBER was created." He says Feldstein "probably could be characterized as one who has faith in the ability of the market unfettered to operate efficiently...
Several people connected with the bureau say both Harvard and the NBER have benefitted from their close relationship. The bureau fosters a community spirit, provides an efficient and effective environment for study, as well as office space, resources and access to other economists. In addition, some say it may be easier to get grant money through the NBER than through an individual application. The bureau, in turn, has at its disposal young and outstanding economists. "Harvard has been very good in facilitating our operation," McLure says...
...Slemrode suggests the interaction between the NBER and the Harvard Economics Department may not be so mutualistic as the one between the bureau and individual Harvard professors. "The department was never noted for its cohesiveness. Some would say the bureau breaks down the cohesiveness that is there," Slemrode says...
...long as I'm here." As for the advantages to professors, Perkins says, "Except maybe in the amount it's publicized, I don't think it makes any difference whether an economist does the research sitting at his desk in Littauer or at the bureau."CrimsonChris DammTAKATOSHI ITO, NBER assistant...