4 ms·
This is published on a Japanese newspaper but it was written by a Harvard prof: > Robert J. Barro, professor of economics at Harvard University, is a visiting
by eatonphil 4y ago
This is published on a Japanese newspaper but it was written by a Harvard prof:
> Robert J. Barro, professor of economics at Harvard University, is a visiting scholar at the American Enterprise Institute and a research associate at the National Bureau of Economic Research [NBER].
What's kind of weird is that he points out that NBER (the group that, turns out, he works at) needs to be the one to officially "pronounce" it a recession.
So he went public to say this despite the public group he works for not (yet) agreeing?
Is he saying this in an official capacity as an NBER research associate or this is just his unrelated personal opinion?
- deleted 4y ago[deleted]
- zinekeller 4y agoThis is very likely his personal opinion from the looks of it.
- lern_too_spel 4y agoHe's writing in his capacity as a member of the AEI, a conservative think-tank.
- s1artibartfast 4y agoI think is just providing some basic information and providing his opinion. For example, he clarifies that the NBER waits on average 7 months to declare a recession,and is essentially a retrospective assessment. However, it has never failed to declare a recession after two quarters GDP loss since WWII