Word: projects
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Dates: during 1970-1979
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...fact, the NBER strives to remain research-oriented and discount a project's lack of immediate application. The federal government funds many of the bureau's projects through the National Science Foundation and through individual agencies for which NBER does work. But NBER's charter states, "the bureau makes no recommendations on legislation or policy, only determines economic factors with impartiality...
Research associates may apply for grants through the bureau, or use the unrestricted contributions that companies and individuals give the NBER--"untied funds that we are able to move into an area without waiting for the gestation of a project," Charles E. McLure Jr., vice president of the NBER, explains. NBER publishes about 100 research papers a year. The bureau faced deficits in fiscal years 1975 and 1976 but, McLure adds, its endowment covered the loss. Feldstein has closed out fiscal '77 and '78 with surplusses...
Feldstein has developed a major project this year, a $1.5 million study on capital formation, and his presence is felt in the budgeting process and in determining the character of the bureau funds. "I think there has been 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...
...Slemrode suggests that preconceptions can influence results. "My prediction (of the economy's next move) depends on all the assumptions I've had to make. Because that's true I try to test the model with many different assumptions," he explains. Slemrode says that basic to the whole project is the conservative assumption that all markets stay in equilibrium...
Although the $85 million dollar NASA-funded project has been directed by a consortium of four groups--CRA, MIT's Center for Space Research, Columbia University and the Goddard Space Flight Center in Maryland--the main impetus for the mission has come from 60 Garden St. Giacconi is the overall director of the Einstein Observatory, while scientific responsibility rests with Harvey Tannenbaum, an associate of the Harvard College Observatory...